Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Kimberly recently started her own property investment firm. She constantly needs to work in order to have a steady income flow and creatively develop her
Kimberly recently started her own property investment firm. She constantly needs to work in order to have a steady income flow and creatively develop her marketing strategies to attract lucrative development projects. As it is a young business she is aware that she needs to reinvest the paychecks she receives until such time the business is able to sustain itself thereby allowing her to enjoy its drawings.
- (i)Based on the scenario,interpretthe three (3) main tests and identify if Kimberly is an Employee or an Independent Contractor. Apply the facts of the scenario to your justification.(9 Marks)
- (ii)Kimberly has recently been engaged by a property developer to broadcast the contemporary units that are available. The terms of her engagement are clear and for the duration of 3 years.Interpretthe type of agency creation and atleast six (6) statutory duties she is likely to have. Support the creation type with an example.(10 Marks)
- (iii)If Kimberly wishes to terminate the agency relationship,Indicatethe options that are available to her to do so and the most common type used.(6 Marks) [Total: 25 Marks]
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