someone is fcked here....Beebe or BU.
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What is so significant about September 8th, and why was it noted twice in the letter?
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This letter seems to be the smoking gun for a major lawsuit against Dan B. and the Big 12-3.
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Beebe's subsequent "uh, didn't mean it!" statement would make me pause when negotiating anything with the Big 12-2-1.
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A very simple and old legal theory refutes this---agency and principal.
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actual authority
: the authority that a principal in reality has granted to an agent
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actual express authority
: the actual authority of an agent specifically stated or written by the principal
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actual implied authority
: the actual authority of an agent that the principal has not specified but has purposely or through negligence allowed the agent to believe has been granted
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apparent authority
: the authority that a principal purposely or through negligence allows a third party to believe that the principal's agent has although such authority has not in reality been granted called also authority by estoppel ostensible authority
NOTE: A principal is bound by the acts of an agent acting with apparent authority.
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express authority
: authority that is explicitly granted to an agent by a principal called also expressed authority stipulated authority
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implied authority
: the authority to perform acts that are customary, necessary, and understood by an agent as authorized in performing acts for which the principal has given express authority
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ostensible authority
: APPARENT AUTHORITY in this entry
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stipulated authority
: EXPRESS AUTHORITY in this entry
3 : a person in a position of power and esp. a public office —usually used in pl. authorities >
4 a : a government agency or corporation that administers a revenue-producing public enterprise authority > b : a government agency or public office responsible for an area of regulation authority
> Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.