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Question
Ashley owns a piece of vacant real estate through which a small river runs. Ashley hires Warren, a licensed real estate broker, to list the property for sale and help sell the property. While inquiring in the neighborhood, Ashley's neighbor Lenny tells Warren that a chemical plant upstream has polluted his property and that Warren should have environmental engineers test the soil on Ashley's property as well. Warren does not tell Ashley about Lenny's suggestion. Warren manages to find a buyer for Ashley's property in Martha. It is later discovered that the property Martha bought from Ashley is also polluted. What important agent's duty has Warren failed to perform?A) duty to indemnify
B) duty to account
C) duty to reimburse
D) duty to notify
Answer
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Related questions
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Which of the following is true of a fully disclosed agency?
A) The third party does not know the identity of the principal.
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D) The principal is liable on the contract with a third party.
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The ________ is a principal's duty to cover the agent for any losses the agent suffers because of the principal's conduct.
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Which of the following is an instance of misuse of confidential information?
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B) A principal gives the contact details of an agent to a third-party without the agent's knowledge.
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B) The principal can recover profits made by the agent in the competing venture.
C) The principal has the option of buying the agent's competing venture.
D) The principal is not allowed to recover lost sales due to the agent's competing venture.
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Which of the following is true of an apparent agency?
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Q:
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Which of the following is true about a special power of attorney?
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