Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Humanities Legal Studies
New Topic  
ohiosr ohiosr
wrote...
Go to Answer
Posts: 1033
Rep: 0 0
6 years ago
X Co. owns land all over downtown Toronto. From time to time, X Co. has used John Jones as its agent to sell land that it owns. X Co. hires John and tells him it wants to sell a downtown property located on Front Street. It instructs John to list the property for $1 million, but that it will take $900 000.00. John has a friend, Mary, who is interested in buying the Front Street property, but rather than listing it at $1 million, he simply tells Mary "For $900 000.00 it's yours," and she agrees. John, having effected the sale, now wants to be paid his commission by X Co. In this situation,
a. John has apparent or ostensible authority to sell the land.
b. John has breached his fiduciary duty owed to X Co.
c. X Co. can refuse to pay John his commission.
d. there is an agreement of purchase and sale between X Co. and Mary for the Front Street property.
e. all of the above
Textbook 
The Law and Business Administration in Canada

The Law and Business Administration in Canada


Edition: 14th
Authors:
Read 86 times
2 Replies
Replies
Answer verified by a subject expert
MiY4GiMiY4Gi
wrote...
#1
Top Poster
Posts: 676
Rep: 31 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

ohiosr Author
wrote...
#2
6 years ago
Correct again
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1019 People Browsing
 101 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1619
  
 360
  
 1222