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Paul Gett is well-known, wealthy financial expert living in city of Torris. Adam Wade, Gett's friend, tells Timothy Brown which he is Gett's agent for purchase of rare coins. Wade even demonstrates Brown the local newspaper clipping mentioning Gett's interest in coin collecting. Brown, knowing of Wade's friendship with Gett, contracts with the Wade to sell rare coin valued at $25,000 to Gett. Wade takes the coin and vanishs with it. On the payment due date, Brown seeks to gather from Gett, claiming that Wade's agency made Gett accountable. Gett doesn’t deny that Wade was a friend, but he claims that Wade was never his agent. Describe fully whether an agency was in existence at the time the contract for rare coin was made.

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Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M914143

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