Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A broker was instructed by a hotel owner to sell her hotel. The hotel was duly listed by the broker, and an inquirer, Robinson, was

image text in transcribed
image text in transcribed
A broker was instructed by a hotel owner to sell her hotel. The hotel was duly listed by the broker, and an inquirer, Robinson, was sent a list of hotels for sale and authorities to inspect the premises. Accompanying the list of hotels was a letter which said: If business is done, we shall act for you at the usual brokerage'. Robinson looked at the list and bought one of the hotels after direct negotiations with the owner. The hotel owner paid the broker a commission. Can the broker claim a commission from Robinson, the purchaser of the hotel? A solicitor had control of a number of companies, including Consul Developments Pty Ltd, which purchased, renovated and then resold properties. The solicitor's clerk owned a company called DPC Estates, which was also involved in property purchases, renovations and resale. A manager was appointed to manage the companies under the control of the solicitor. He often passed on information to the solicitor's clerk about properties Consul Developments was going to buy, which was in breach of his agreement with the solicitor. The solicitor's clerk then used that information for the benefit of his own company, DPC Estates, by purchasing those properties. Has the solicitor any remedy against either the manager or DPC Estates? Discuss

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions