This questions should be answered using one IRAC structure. Please include all key words in your answer.
June is interested in buying sculptures made by local artists. She hires April to act as her buying agent. April attends an art show with instructions from June to purchase a sculpture no taller than 3 feet. At the show, April signs a contract on June’s behalf to buy a 6-foot-tall sculpture from an artist for $1,000. April does not inform the artist that she is acting as a buying agent for a principal. Although June is initially displeased, June accepts the sculpture when it is delivered and pays $500 to the artist. Now, the artist is seeking payment of the remaining $500.
Can June be held liable for the remaining $500 under the Third Restatement of Contracts?
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To answer this question you should think about and discuss whether an undisclosed principal can ratify a contract under the Third Restatement of Contracts.
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