Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need an expert help with this please!!, Mary contracts with John for John to be Mary's agent on December 1, 2019.The contract requires that

I need an expert help with this please!!,

Mary contracts with John for John to be Mary's agent on December 1, 2019.The contract requires that John travel across Maryland in search of antiques for Mary's store.Mary particularly wants John to locate and purchase antique teddy bears.The contract states that John is allowed to spend up to $5,000 on any item he finds that fits Mary's needs and tell her what he bought.He must contact Mary if he needs to spend more than $5,000 on an item.Mary provides John with a list of 100 names of antique collectors who may be interested in selling.

John decides that he will not contact the people on Mary's list.Instead, he drives around Maryland stopping at antique stores and garage sales looking for items.On January 2, 2020, John finds a very rare teddy bear.The price is $7,000.He decides not to tell Mary about the teddy bear.Instead, he buys it for himself.He immediately drives home after buying the bear and lists it on eBay.

Describe which duties, if any, where violated by the agent. Fully explain

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students also viewed these Law questions

Question

What is loss of bone density and strength as ?

Answered: 1 week ago

Question

The paleolithic age human life, short write up ?

Answered: 1 week ago