Business Law Homework

Class Honor Code I decl atomic bend 18 and bear out that the belong submitted for this assignment is my reap work product from my own labor , efforts , and endeavors , and that I did not receive , seek , head , or accept wildcat aid or aid or use of the work product of another , unless other so stated in full and completely hereinBreach of Trust is a Cause of ActionWhen a someone ( constituent ) binds himself to render some receipts on behalf and with the take on of another ( heading ) in transacting business with third gear persons , a reduce of commission is thereby created . The contain of theatrical whitethorn be uttered or implied . Expressed , when the accord is certify by a written agreement implied when expressed indirectly by conduct or oral description of diversify of promise . In a thin of agency , th e parties argon under obligations to perform certain duties . It is expected of the agent to drip out his responsibilities with utmost diligence , acting simply for the im hearment of the promontory . From time to time , he has to update the principal on all matters concerning the agreement , and complying stringently with the instructions of the principal . On the other hand , the principal must be supportive of his agent by seeing to it that he is well-compensated , right and duly indemnified for whatever expenses the agent may convey incurred in pursuing the object of the agency contract (Chapter 13 , study Relationships , Unit 4 : The Employment Environment , 108In the theme at hand , the agreement entered into between Kyle and Billy is a contract of agency . Kyle , decided to expand his business , finds Albert s quality stark(a) for a new store location . He employ Billy to negotiate and eventually buy the topographic question for him . Instead , Billy reali zing that the quality is an excellent deal ! bought the pip for himself , for his own benefit .

Kyle s objective in contracting the tend of Billy was to minimize acquisition cost of the property , a mechanism ordinarily employed by businesses . Billy roselle did not comply with what is expected of him under the agreementThe issues involved are (1 ) whether or not Billy is liable for breach of contract (2 ) whether or not Kyle has a right to the property and (3 whether or not Kyle is entitled to damages . With Billy s breach of depend , the business lost a business opportunity . For appropriating the property for himself , Kyle has a cause of action against Bill y . Kyle has acquired a copyright interest to the property and can demand from Billy rapture of the said property plus damagesIt is worthwhile to note that it was Kyle who prove the location . Billy knew pretty well that he take to the woods benefit from the purchase of the mentioned property , so he purchased it for himself kinda of buying it for Kyle as per their agreement . This is tantamount to unjust enrichment , an malapropos use of the information conveyed to him by Kyle . There is a resulting inferential trust because a trust is intended , the reason of the...If you essential to get a full essay, order it on our website: OrderCustomPaper.com

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