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4 Cards in this Set
- Front
- Back
Duties of 3P to P
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duty of inquiry--3P must determine existence and extent of A's authority
-can;t merely rely on representations of the agent -if there is any doubt, then 3P must go directly to P |
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3P to disclosed/partially disclosed P
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3P owes all duties of a normal K relationship
-required to perform all duties of the K or liable for breach or specific performance |
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3P to undisclosed P--problems
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same as 3P owed to A
-P takes K subject to all defenses 3P has against A Problems -personal performance -misrepresentation of P's existence -misrepresentation of Agency -Performance before P's identity is disclosed |
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Subsequent events affecting liability
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-law recognizes for obligor's non-performance of a K
-excuses app;y to any contracting P[A, P, 3P] -impossibility, destruction of subject matter, intervening death or incapacity, supervening illegality, frustration of purpose or impracticability |