Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Y5 John engages Karen as his real estate agent to sell a piece of property that floods regularly. John tells Karen to deny to any

image text in transcribed

Y5

image text in transcribed
John engages Karen as his real estate agent to sell a piece of property that floods regularly. John tells Karen to deny to any potential purchaser that the property floods, because such information would cause a major reduction in price. Larry, who is new to the area and does not know about the flooding problem, contacts Karen and offers to buy the property from the owner, whose name Karen does not disclose to John. Before closing on the deal, Larry asks Karen if the property floods, and Karen tells him that no, it does not. Larry stores a bunch of equipment on the property, which floods and destroys the equipment. Whom can Larry sue for damages: O a. Karen as agent, becasue she lied to him, and through Karen he can also sue John, as partially disclosed principal, because John directed her to lie to him O b. Karen as agent, because she lied to him, but not John as principal because she did not tell Larry. who the principal was O c. John as principal, but not Karen as agent, because John is a fully disclosed principal O d. eitehr John or Karen, but not both O e. neither Karen nor John, because Larry should have discovered the flooding problem on his own

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_2

Step: 3

blur-text-image_3

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

Data Analytics For Accounting

Authors: Vernon Richardson

2nd Edition

1260904334, 9781260904338

More Books

Students also viewed these Economics questions

Question

Avoid evasiveness. Be direct with your answers when possible.

Answered: 1 week ago

Question

1. To generate a discussion on the concept of roles

Answered: 1 week ago