Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hellenic Petroleum, LLC . hires Achilles to act as its agent to buy a certain tract of land from Hector for $ 2 . 5
Hellenic Petroleum, LLC hires Achilles to act as its agent to buy a certain tract of land from Hector for $ per acre. Hellenic Petroleum does not want Hector to know that it is the principal or that Achilles is its agent. Hellenic Petroleum wants the land to deposit nuclear waste, and believes that Hector may not sell the land for that purpose, or may demand a premium price if he knows that Hellenic Petroleum is the buyer. Achilles makes the purchase on August th signing only his name to the contract as the buyer and not disclosing to Hector the agency relationship. Hector signs the contract on the same day. The transfer of the deed is to occur on September st Hector learns of Hellenic Petroleum's identity on August th Can Hector legally refuse th deed the property on September st Please explain
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started