Asked by
Ashlynn Powell
on Nov 28, 2024
Verified
Pho enters into an exclusive agreement with Qin to find suitable property for Qin's enterprise. Later, Qin signs an exclusive agreement with Row for the same purpose. Neither agent knows about the other, and each expends reasonable efforts to perform. Qin buys a building through Pho. Most likely, Qin may be liable to Row for
A) none of the choices.
B) breach of the duty of cooperation.
C) negligence.
D) an accounting.
Breach of Duty
Failure to fulfill a legal obligation or duty, leading potentially to legal liability.
Exclusive Agreement
A contract between two or more parties where one party agrees to buy, sell, or promote only the products or services of the other party.
Reasonable Efforts
A legal standard that requires a party to act with fair, honest, and diligent efforts to fulfill an obligation.
- Investigate the judicial outcomes of an agent's unauthorized behaviors and the ensuing accountability for both the agent and principal.
- Acquire knowledge about the duties between principals and agents, involving cooperative actions, indemnifying against losses, and reimbursing expenses.
Verified Answer
SB
Learning Objectives
- Investigate the judicial outcomes of an agent's unauthorized behaviors and the ensuing accountability for both the agent and principal.
- Acquire knowledge about the duties between principals and agents, involving cooperative actions, indemnifying against losses, and reimbursing expenses.