Question
Thank you and please ASAP assist in answering to the case study attached below (no reference it's made up) **NEED TO ANALYZE CASE THROUGH THE
Thank you and please ASAP assist in answering to the case study attached below (no reference it's made up)
**NEED TO ANALYZE CASE THROUGH THE USE FOCUS OF ANY OF THESE TOPICS THST MAKE THE MOST SENSE AND APPLY PROPER LAW RULES / STEPS BASED ON THE APPLICATION; THANKS!!
- Misrepresentation and terms
- Discharge of contracts
- *Law of agency
- *Business organizations
- *Real property law
Please apply case study like such;
- Look how question ends
- Take / state the facts to the question AND APPLY EACH STEP of the law TEST and almost reach mini conclusions
- Applications to see if we have a statement of fact, is it false, induce the deal? And is it material??
- IS each step of the test if it is made out?
_________________________________________________
CASE STUDY STARTS BELOW:
OK SO REVIEW ANDFor each of the situations, answer the following two questions by : (1) explain what form of authority was used to create the agency relationship, and (2) explain whether the contract with the third party would be enforceable against the principal (2 marks per scenario):
Scenario #1:sammy is a real estate agent that has been hired by ky to sell his home. Both parties sign a written agency agreement. Sammy successfully sells the home to Mica and all parties sign the purchase contract. Ky now has second thoughts about moving forward with the contract.
Scenario #2: Dean, the owner of two retail stores, has hired Summer to serve as credit manager. Dean has verbally given Summer authority to examine and approve requests for credit extensions by customers. Summer looks over Xi's application for an extension and approves it. A few days later, Dean finds out and does want to honour the contract with Xi.
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