In the \"old days\" in Orlando, Florida, a real estate agent began to make some

Question

In the "old days" in Orlando, Florida, a real estate agent began to make some very nice offers to buy local orange growers' and farmers' land. The agent did not disclose the fact that her principal was the Walt Disney Company. Yet she secretly was working as an agent for the Walt Disney Company which was afraid of skyrocketing prices if the "word got out" that Disney was the buyer. When the farmers discovered that the agent was working for Disney, and that they had sold their land to Disney, they claimed the contracts they made were invalid due to the fact that Disney, the principal, was undisclosed. The likely result of any legal dispute among the parties will be:

a- The agent is liable on the contracts.

b- Disney can enforce the contracts even those it was not disclosed as the principal.

c- The farmers are liable on the contracts assuming that the agent did not fraudulently misrepresent that she was acting alone and that Disney was not her principal.

d- All of the above are likely results.

Explanation / Answer

d.all the above are likely result.

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.