Twelve individuals agreed to sponsor and promote a group of, Ask an Expert

Accounting

Twelve individuals agreed to sponsor and promote a group of Little League baseball teams called the Golden Spike Little League. The league was a loosely formed voluntary association without any legal identity. The 12 individuals arranged with Smith & Edwards to furnish the needed uniforms and equipment, signed for them, picked them up, and distributed them to the teams. No one ever paid Smith & Edwards the $3,900 bill for the uniforms and equipment. Smith & Edwards sued the 12 individuals in their personal capacities for the amount due.

If they defend by saying that they acted as agents for a disclosed principal (the league), will the defense be successful? Why or why not?

View complete question

Managerial Accounting, Accounting

Category:- Managerial Accounting
Reference No.:- M91591675

Have any Question?Write your Review or question?

Related Questions in Managerial Accounting

Managerial accounting assignment -background you are

Managerial Accounting Assignment - Background: You are recently employed as a graduate consultant in a management consultancy firm and are assigned to a team. One of your firm's clients is currently evaluating its budget ...

Corporate accounting assignment -question 1 - dr kelvin

Corporate Accounting Assignment - Question 1 - Dr. Kelvin opened a dental clinic on August 1, 2018. The business transactions for August are shown below: August 1 Dr. Kelvin invested $280,000 cash in the business in exch ...

Managerial accounting group report performance measures

Managerial Accounting Group Report: Performance measures, remuneration and motivation Learning Outcomes - a) Analyse the roles of cost and management in organisations through the analysis of accounting concepts and tools ...

Duncan arrowroot confectionery dacrequired in hard copy no

Duncan Arrowroot Confectionery (DAC) Required in hard copy no later than the class scheduled time on Thursday, October 18th. 1) Prepare a memo to the Controller explaining how you would go about classifying the various r ...

Instructions for preparation of assignment1 you are to

Instructions for Preparation of Assignment: 1. You are to choose one management accounting topic from the list below for this assignment, and register your chosen topic with your lecturer in class or via email before com ...

Accounting for decision makersproject - appendix

Accounting for Decision Makers PROJECT - APPENDIX A Requirements: 1. Choose a publicly traded company that you currently own/invest in or one that you would like to own / invest in 2. Research the company through the com ...

Management accounting with a strategic perspective

MANAGEMENT ACCOUNTING with a STRATEGIC PERSPECTIVE Assignment - This Assignment is designed to give students an opportunity to: 1. Integrate traditional, contemporary and advanced theoretical and technical management acc ...

Task descriptionyou have gained a position as vacation

Task Description You have gained a position as vacation student at the accounting firm T&K Solutions. In your capacity of vacation student you have been asked by the two partners of T&K Solutions to assist them with two ...

Assignment - essendon electronics regal or monarchessendon

Assignment - Essendon Electronics: Regal or Monarch? Essendon Electronics, a division of Elgin Ltd, manufactures a diverse range of electrical products. Its range includes two LCD screen television models: the Monarch, w ...

Corporate accounting assignment -objectives -the

Corporate Accounting Assignment - Objectives - The educational objective of this task is to develop student capabilities to read, interpret and analyse financial statements; to apply international accounting standards; t ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Managerial Accounting Expert