Question

Kim hires michelle to go to the art gallery and purchase a specific painting for him. the painting costs $1,500. because this is the purchase and sale of goods for more than $500, the contract for the painting must be in writing. in order to have a legal purchase of the painting, kim:

Answer 1

Under agency law, Michelle can work as Kim's agent in the purchase of the contract. Kim would be the principle under the contract, Michelle would be the agent, and the gallery would be the 3rd party. Kim needs to authorize Michelle to complete a contract on his behalf and he will in turn be bound, just as the gallery will be bound.