This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Agent's Duties. Howard and Virginia Bankerd were having marital difficulties. In 1968 Howard decided ... (Read 99 times)

jjjetplane

  • Hero Member
  • *****
  • Posts: 556
on: Jun 24, 2018
Agent's Duties. Howard and Virginia Bankerd were having marital difficulties. In 1968 Howard decided to leave for the west, but before he did so, he executed a power of attorney to his lawyer, Arthur King. Virginia continued to reside in their home in Maryland and assumed all expenses for the home. In 1975 Howard gave King an updated power of attorney and asked King to sell the property on such terms as to him

Question 2

When an agent pays for the right to exercise authority for a business, there is an agency coupled with an interest.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Zebsrer

  • Sr. Member
  • ****
  • Posts: 284
Reply #1 on: Jun 24, 2018
Answer to Question 1

Agent's duties
The court held that Howard's instruction did not give Arthur the right to give the property away. As Howard's agent, Arthur was expected to act in the best interests of his principal. Because he disregarded these interests, Arthur breached the duty of loyalty and trust.

Answer to Question 2

TRUE


jjjetplane

  • Member
  • Posts: 556
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Extinction and immigration of bird species on the California Channel Islands between 1917 and 1968 ( Extinction and immigration of bird species on the California Channel Islands between 1917 and 1968 (
Cleaning Agent Cleaning Agent
A Schematic Description of the Experiment by Misanin, Miller, and Lewis (1968) A Schematic Description of the Experiment by Misanin, Miller, and Lewis (1968)
Dolores Huerta and Cesar Chavez, leaders of the United Farm Workers, discuss their 1968 strike of ... Dolores Huerta and Cesar Chavez, leaders of the United Farm Workers, discuss their 1968 strike of ...
This fanciful depiction of marital trends may not be too far off the mark. This fanciful depiction of marital trends may not be too far off the mark.
What is the strongest oxidizing agent of the following set: MnCl2, Mn(OH)3, MnO2, KMnO4? What is the strongest oxidizing agent of the following set: MnCl2, Mn(OH)3, MnO2, KMnO4?
Video: Oogenesis Animation

For a complete list of videos, visit our video library