ACCT 352
Jichenyan 
assignmentacct352.docx1. Jack is the principal. Mary is Jack's agent. Mary enters into a contract with Peter whereby Peter sells his house to Mary.
b. Under what circumstances will Mary be liable for this contract with Peter. That is, under what circumstances will Mary be required to pay Peter for the house?.
2. Principal and agent are in principal's car. Principal is driving the car. Principal negligently injures a pedestrian who is lawfully crossing the street. Whom should the pedestrian sue? That is, who is likely liable to the pedestrian? Explain.
3. Principal and agent are in principal's car. Agent is driving the car. Agent negligently injures a pedestrian who is lawfully crossing the street. Whom should the pedestrian sue. That is, who is likely liable to the pedestrian? Explain.
4. Agent enters into a contract with Peter on behalf of principal whereby Agent purchases a house from Peter. Principal did not authorize this contract.
a. Should Peter sue principal to obtain payment for the purchase of the house? Explain.
b. Should Peter sue agent to obtain payment for the purchase of the house? Explain.
