Question: Question 21 A real estate agent decides to use a shortened form of a contract rather than the longer form. The estate agent briefly reads

Question 21

A real estate agent decides to use a shortened form of a contract rather than the longer form. The estate agent briefly reads the legislation but does not read it in detail and so simply believes the contract they have purchased is valid. A judicial decision later finds that the contract does not comply with the relevant legislation.

What are two possible outcomes that might happen as a result of the agent misinterpreting the legislation?

Provide two of potential long-term consequences of the agent's actions for the agent and their agency.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

Suppose you have n rooms that you would like to connect in a communication network in one of the dormitories of Flash University. You have modeled the problem using a connected, undirected graph, G,...

Publication 15 In this step, you will use the Wage Bracket Method to calculate withholding. In this method, you do not need to calculate withholding allowances, but there are fairly-low limits as to...

Publication 15 Withholding for Federal Income Tax can be calculated using one of two methods. The first, covered in this section of the exercise, is the Percentage Method. Everett Kelly is married...

Fact Pattern I - (15 marks) Anderson owns a corner store in Kingston, Ontario. Now that corner stores have been allowed to sell beer and wine in Ontario, Anderson wants to promote his store's ability...

Last Lecture - In the last lecture, we covered selected materials on contract law in Chapter 13 (\"Practical Contracts\"] and Chapter 14 (\"Sales"] We discussed when parties should want their...

In his will, T leaves Blackacre to A for life, remainder to A's children. A dies without ever having had children. Blackacre will: escheat to the state; none of the above pass through A's estate...

This is a comprehensive payroll problem that must be completed in the Excel worksheet provided. I have attached the excel template and the IRS Publication 15 Document that is needed to complete the...

I need this Australian Tax assignment to be completed ASAP, please UNIT CODE: LAW511 UNIT NAME: AUSTRALIAN TAXATION LAW Assignment Information Semester 2 2016 Assessment 30% Submission Requirements....

Return to the situation described in Example 9.1.17. Suppose that we wish to test the hypotheses H0: 0, H1:

For company Z, the following financial data for this year is available: After tax income of $1,500, Divisional investment of $9,000, R&D expenses of $2,000, R&D expenses were considered an...

What i s the accumulated value o f periodic deposits o f $ 6 0 a t the beginning o f every six months for 1 9 years i f the interest rate i s 2 . 5 8 % compounded semi - annually?

Hale Company makes sets of wrenches. They are trying to decide whether to continue to make the case the wrenches are sold in, or to outsource it to another company. The direct material and direct...

Joos Company is considering the purchase of a new machine costing $245,000. This machine is estimated to use about $5,400 per year in operating expenses, but it will allow the company to earn an...

CarMax Engine Shop is considering the purchase of a new computer system for diagnosing engine problems. The company estimates that the computer system will result in increased operating cash flows of...

What do many organizations use to schedule and coordinate changes for information systems? Question 2 3 options: A . Impact analysis B . Backout plans C . Maintenance windows D . Version control

1. What will happen in the future

3. Avoid making mistakes when reaching our goals

4. Achieve our positive goals (1 and 3 are motivated by avoiding the negative, while 2 and 4 are motivated by the positive). b. Initiative: When I communicate with others, I think it is very...