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Pa Corp  Form

Pa Corp Form

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Instructions and help about Pa Corp

Can an agent bind a principal to a  contract with a third party if the   agent signs the contract without disclosing  the existence of the principal? This was the   question in P A Properties versus B  S Moss’ Criterion Center Corporation. Moss Venturers entered into a joint-venture  agreement with United Artists Theatre Circuit,   Incorporated for the purpose of  operating a group of movie theaters.   United Artists was the managing venturer, and  it had full authority for the joint venture’s   day-to-day operations. United Artists suspected  that one of the joint venture’s theaters was being   overcharged by its landlord, so it hired  consultant P A Properties to investigate.   United Artists intended to use the consulting  agreement to reduce the theater’s lease payments,   thereby benefiting the joint venture. However,  United Artists signed the consulting agreement in   its own name, without disclosing the existence  of the joint venture. Unite

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