A&M Farm Center Inc. v. AGCO Finance LLC
Supreme Court of Indiana
921 N.E.2d 54 (2010)
Relevant factsFree
A&M Farm Center Inc. (defendant), managed by Dennis Leek, entered full-recourse leasing agreements with AGCO Finance LLC (plaintiff). Leek also started a separate company, Cable Tech Inc., which defaulted, prompting AGCO to seek payment from A&M. A&M argued Leek lacked authority to bind it to the agreements.
IssueFree
Whether, under Indiana law, a principal is bound by a contract made by its agent only where the agent had actual, apparent, or inherent authority to bind the principal.
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