Shin is retiring and selling his business to Eduardo, an employee. They want Lin
ID: 1162505 • Letter: S
Question
Shin is retiring and selling his business to Eduardo, an employee. They want Linda Lawyer to draw up a sales contract that protects both Shin's interests as the seller and Eduardo's interests as the buyer. If Linda agrees to this dual agency, which duty would she most risk violating?
The duty of loyalty
The duty not to be negligent
The duty to account
Dual agencies pose no particular problems in carrying out agency duties.
The duty of loyalty
The duty not to be negligent
The duty to account
Dual agencies pose no particular problems in carrying out agency duties.
Explanation / Answer
Ans: Dual agencies pose no particular problems in carrying out agency duties
Agency can represent both seller and buyer for the business as the broker is working to facilitate the transaction for both buyer and seller. There is no less duty to neither seller nor buyer at all agenct posses and have to give same attention and have samer duty towards them.
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