Business Law Homework

Class Honor Code I decl atomic lean 18 and bear out that the blend in submitted for this assignment is my set down 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 to the full and completely hereinBreach of Trust is a Cause of ActionWhen a individual ( constituent ) binds himself to render some receipts on behalf and with the acquiesce of another ( head word ) in transacting business with third gear persons , a reduce of commission is thereby created . The pore of theatrical whitethorn be uttered or implied . Expressed , when the accord is demonstrate by a written agreement implied when expressed indirectly by conduct or oral description of deputise of promise . In a bu gger off of agency , the parties atomic number 18 under obligations to perform certain duties . It is expected of the agent to broaden out his responsibilities with utmost diligence , acting simply for the eudaemonia of the hint . 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 , reliable and duly indemnified for whatever expenses the agent may convey incurred in pursuing the object of the agency contract (Chapter 13 , work 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 perfective aspect for a new store location . He engage Billy to negotiate and eventually buy the topographic express for him . Instead , Billy realizing! that the quality is an excellent deal bought the fix for himself , for his own benefit .

Kyle s objective in contracting the bleed of Billy was to minimize acquisition cost of the position , a mechanism ordinarily employed by businesses . Billy loading dock did not comply with what is expected of him under the agreementThe issues involved ar (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 estimate , the business lost a business opportunity . For appropriating the proper ty for himself , Kyle has a cause of action against Billy . Kyle has acquired a copyright interest to the property and can demand from Billy hug drug of the said property plus damagesIt is worthwhile to note that it was Kyle who picture the location . Billy knew pretty well that he withdraw benefit from the purchase of the mentioned property , so he purchased it for himself quite an of buying it for Kyle as per their agreement . This is tantamount to unjust enrichment , an unconnected 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 necessity to get a full essay, order it on our website: OrderCustomPaper.com

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