Question

John Trident was a real estate agent working for Quantum Real Estate Ltd. His sister-in-law Jennie...

John Trident was a real estate agent working for Quantum Real Estate Ltd. His sister-in-law Jennie was looking for some income property, and after some searching John Trident entered into a deal with Mr. and Mrs. Lipton, persuading them to list their property for sale with him and subsequently presented an offer to purchase from his sister-in-law, who used her maiden name (P. Hayes) so that the sellers would not know that he was related to the purchaser. Before the deal was to close, the Liptons discovered the relationship between the agent and the purchaser and refused to go through with the deal. John Trident sued for his commission and his sister-in-law sued for specific performance.

Homework Answers

Answer #1

Ans: John trident will lose the case because the deal was about to close but not finalized. So if he sued on Mr. Lipton then it is not right to sue on him because it is clearly mentioned above that the deal was not finalized and also he hide the relation between his sister-in-law and him, so this can come under fraud as in agreement and on papers, all things should be clear before the finalization of the agreement.

In the case of sister-in-law she may also loose the case because it was clearly mention that the deal not finalized and also it is her bother-in-law that did the fraud by hiding the relationship with her but not the Mr.Lipton. So, this the reason that she may loose the case.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A local estate agent, Abdulla, wrote to a villa owner, Omar, who was keen to sell...
A local estate agent, Abdulla, wrote to a villa owner, Omar, who was keen to sell his villa, and therefore accepting an offer from him to become Omar's agent. In the letter he sent to Omar, the local real estate agent, Abdulla pointed out that if he was able to find a willing and able purchaser, he would be entitled to a commission. The agent, Abdulla then introduced the owner to Salem, who said he was willing to purchase the...
Chapter 1: Bob becomes a real estate investor It is November 2007 and the economy of...
Chapter 1: Bob becomes a real estate investor It is November 2007 and the economy of Bob is a recent art school graduate working as an actor on a new Tyler Perry movie. Bob got a wonderful 6 month contract with a 3 month advance on pay. After Bob’s second day of work he was getting gas and a new Ferrari pulled up in the next stall. Bob was amazed and started a conversation. It turns out the owner of...
Mattel Responds to Ethical Challenges Business Ethics This case was written by Debbie Thorne, John Fraedrich,...
Mattel Responds to Ethical Challenges Business Ethics This case was written by Debbie Thorne, John Fraedrich, O. C. Ferrell, and Jennifer Jackson, with the editorial assistance of Jennifer Sawayda. This case was developed for classroom discussion rather than to illustrate either effective or ineffective handling of an administrative, ethical, or legal discussion by management. All sources used for this case were obtained through publicly available material. Mattel, Inc. is a world leader in the design, manufacture, and marketing of family...
What role could the governance of ethics have played if it had been in existence in...
What role could the governance of ethics have played if it had been in existence in the organization? Assess the leadership of Enron from an ethical perspective. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among the top Fortune 500 companies, collapsed in 2001 under a mountain of debt...
Discuss ethical issues that can be identified in this case and the mode of managing ethics...
Discuss ethical issues that can be identified in this case and the mode of managing ethics Enron finds itself in this case. How would you describe the ethical culture and levels of trust at Enron? Provide reasons for your assessment. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT