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

Author Question: A real estate agent, by virtue of his fiduciary duty to his principal, is not allowed to buy the ... (Read 45 times)

azncindy619

  • Hero Member
  • *****
  • Posts: 562
on: Aug 7, 2021
A real estate agent, by virtue of his fiduciary duty to his principal, is not allowed to buy the property being sold by his principal without full disclosure to and consent from his principal. The real estate agent does not want to disclose that he is the buyer of the property, so he forms a corporation and takes an offer to his principal from the corporation. Based on these facts, which of the following is true if the principal finds out that the corporation/buyer is owned by the real estate agent and objects to the contract?
◦ The court would enforce the contract because this is not a direct breach of the agent's fiduciary duty.
◦ The court would enforce the contract because the corporation is a separate legal entity in the eyes of the law.
◦ The court would dissolve the corporation.
◦ The court would not enforce the contract and would "lift the corporate veil."
◦ The court would enforce the contract, but the principal would be able to claim any profits from the agent when he took them out of the corporation.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by azncindy619 on Aug 7, 2021

Ashley I

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


azncindy619

  • Member
  • Posts: 562
Reply 2 on: Aug 7, 2021
Wow, this really help

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Overview of the cell’s principal chemical building blocks Overview of the cell’s principal chemical building blocks
Marketing: Real People, Real Choices Marketing: Real People, Real Choices
Summary of Functions of Principal Parts of the Brain Summary of Functions of Principal Parts of the Brain
Who is the “real” Beyoncé—doting mother or Sasha Fierce? Who is the “real” Beyoncé—doting mother or Sasha Fierce?
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011 Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011
Prove that each of the following real functions f has a discontinuity. For each function, ... Prove that each of the following real functions f has a discontinuity. For each function, ...
Video: Muscular Dystrophy

For a complete list of videos, visit our video library