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(a) What are the duties of Agent? (b) Chan has lost quite a lot of money in business. He wants to sell his flat in
(a) What are the duties of Agent?
(b) Chan has lost quite a lot of money in business. He wants to sell his flat in Discovery Bay .He contacts Gloria, a real estate agent. Gloria tells Chan that his property is worth HK$5 million. Chan asks Gloria to put it up for sale at that price. In the meantime, the property prices suddenly go up and the value of the flat has become much more than before. Gloria buys the flat in her sons name and arranges for Chan to be paid HK$5 million. Chan discovers the truth and is furious. Advice Chan.
(a) What is Doctrine of estoppel?
(b) A clerk of solicitor firm has an authority to carry out sales of real property and to take for safe keeping title deeds of clients properties. The clerk fraudulently induces the client to sign some documents, which have the effect of transferring some of the clients property to the clerk. The fraud by the clerk is committed for this own benefit.
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