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Nunizworld Nunizworld
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6 years ago
Principal's Duties to Agent. Douglas agreed to buy oil and gas leases for Aztec Petroleum Corp In return for his services, Douglas was to receive an initial 5,000 plus a royalty interest in the leases he obtained. Douglas obtained a number of leases for Aztec but represented to Aztec that the prices paid for the leases were higher than they actually were. By sending Aztec photocopies of checks altered as to both payee and amount, along with forged receipts, Douglas was able to keep for himself a substantial amount of the money that Aztec had entrusted to him for payment of the leases. Douglas used his money for personal purchases, including two new cars, a boat, and other personal items. When Aztec refused to grant Douglas the promised royalty interest in the leases, Douglas brought suit to obtain it. The trial court held for Aztec, and Douglas appealed. In view of Douglas's deceptive activities, is Aztec required to grant the royalty interest? Discuss fully.
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Nunizworld Author
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6 years ago
Thanks
logbi
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Yesterday
Thanks for your help!!
mikey3091
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2 hours ago
this is exactly what I needed
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