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 75 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

nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

This chart illustrates the “drip down” model of government. In this, politics is formed by the soc This chart illustrates the “drip down” model of government. In this, politics is formed by the soc
Schools are a primary agent of socialization. One of their functions is to teach children the ... Schools are a primary agent of socialization. One of their functions is to teach children the ...
An intake manifold gasket that failed and allowed coolant to be drawn into the cylinder(s). An intake manifold gasket that failed and allowed coolant to be drawn into the cylinder(s).
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
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?
Video: Neuron structure and function - sensory neurons, association neurons & motor neurons

For a complete list of videos, visit our video library