Question

Sly was a general agent of the Cute Cosmetics Company with authority to sell, make collections, and adjust disputes.Sly was caught padding his monthly expense account by substantial amounts and was dismissed (fired).Cute hired another general agent, Ready, to replace Sly.Ready was slowly but steadily calling upon Sly's accounts to make sales and was informing them that Sly's services had been terminated.Cute also immediately published a notice in the appropriate trade journals and the local newspaper announcing the replacement of Sly with Ready.Sly, after he was let go called on all of his customers who had outstanding accounts payable and quickly made whatever collections he could in cash and absconded.Which of the following statements is correct regarding Cute's legal rights against the customers?

          Sly was a general agent of the Cute Cosmetics Company with authority to sell, make collections, and adjust disputes.Sly was caught padding his monthly expense account by substantial amounts and was dismissed (fired).Cute hired another general agent, Ready, to replace Sly.Ready was slowly but steadily calling upon Sly's accounts to make sales and was informing them that Sly's services had been terminated.Cute also immediately published a notice in the appropriate trade journals and the local newspaper announcing the replacement of Sly with Ready.Sly, after he was let go called on all of his customers who had outstanding accounts payable and quickly made whatever collections he could in cash and absconded.Which of the following statements is correct regarding Cute's legal rights against the customers?

Added by David M.

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