Business Law-Pete Gaffrey is a well-known, wealthy financier

QUESTION

Pete Gaffrey is a well-known, wealthy financier. Alan Winter, Gaffrey’s friend, tells Til Borge that he (Winter) is Gaffrey’s agent for the purchase of rare coins. Winter even shows Borge a local newspaper clipping mentioning Gaffrey’s interest in coin collecting. Borge, knowing of Winter’s friendship with Gaffrey, contracts with Winter to sell Gaffrey a rare coin valued at $25,000. Winter takes the coin from Borge and disappears with it. On the date that the contract payment was due, Borge seeks to collect from Gaffrey, claiming that Winter’s agency made Gaffrey liable. Gaffrey does not deny that Winter was a friend, but claims that Winter never worked for him.a. According to Borge, who was the principal?b. According to Borge, who was the agent?c. Did an agency relationship actually exist? Answer yes or no, then explain why.d. Can Gaffrey be held liable under the theory of agency by estoppel? Answer yes or no, then explain why.2.Jones was an employee at Smith’s Concrete Supply. One afternoon Jones improperly loaded the cement mixer in direct violation of Smith’s company policy. As a result, Jones suffered a serious back injury. Smith claims that the company is not liable for Jones’s injury because Jones did not follow proper safety procedures. Is Jones entitled to Worker’s Compensation benefits? Answer yes or no, then explain why or why not.3. Based on an extensive survey of customer preferences, Financial Firm determined that investors are more comfortable with male financial advisors over the age of 40. This research clearly showed that investors conduct more business with older men, directly resulting in higher company profits. As a result, Financial Firm implemented a policy of hiring only male financial advisors age 40 or older.a. Has Financial Firm violated Title VII of the Civil Rights Act? Answer yes or no, then explain why or why not.b.Has Financial Firm violated the Age Discrimination in Employment Act? Answer yes or no, then explain why or why not.

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