Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Is this statement true in Canadian agencies and contract law? It is an agent's obligation to act on behalf of the principal and fulfill the

Is this statement true in Canadian agencies and contract law?

"It is an agent's obligation to act on behalf of the principal and fulfill the best interest. For instance, A hired B to sell his car, A want to sell it for at least $10,000. After a few days, A sent B an e-mail says the bottom line is $15,000. But B did not see it and had the card sold to C for $10,000. There is not consent between A and C. The contract is not enforceable. C may sue A for damages or recession."

In addition, is the agent liable in this case?

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

Commentaries And Cases On The Law Of Business Organization

Authors: William T. Allen, Reinier Kraakman, Vikramaditya S. Khanna

6th Edition

1543815731, 978-1543815733

More Books

Students also viewed these Law questions

Question

1. Build trust and share information with others.

Answered: 1 week ago