Business Law Homework

Class Honor Code I decl atomic number 18 and bear out that the work submitted for this assignment is my get work product from my own labor , efforts , and endeavors , and that I did not receive , seek , head , or accept unauthorized aid or aid or use of the work product of another , unless other so stated fully and completely hereinBreach of Trust is a Cause of ActionWhen a person ( constituent ) binds himself to render some receipts on behalf and with the consent of another (principal ) in transacting business with third gear persons , a reduce of commission is thereby created . The contract of theatrical may be uttered or implied . Expressed , when the accord is evidenced by a written agreement implied when expressed indirectly by conduct or oral description of exchange of promise . In a contract of agency , the parties are under obligations to perform certain duties . It is expected of the agent to carry out his responsibilities with utmost diligence , acting simply for the benefit of the principal . 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 , safe and duly indemnified for whatever expenses the agent may convey incurred in pursuing the object of the agency contract (Chapter 13 , Employment 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 perfect for a new store location . He hired Billy to negotiate and eventually buy the topographic point for him . Instead , Billy realizing that the quality is an excellent deal bought the position for himself , for his own benefit .

Kyle s objective in contracting the operate of Billy was to minimize acquisition cost of the property , a mechanism ordinarily employed by businesses . Billy dock did not comply with what is expected of him under the agreementThe issues involved are (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 think , the business lost a business opportunity . For appropriating the property for himself , Kyle has a cause of action against Billy . Kyle has acquired a copyrighted interest to the property and can demand from Billy raptus of the said property plus damagesIt is worthwhile to note that it was Kyle who prove the location . Billy knew pretty well that he lead benefit from the purchase of the mentioned property , so he purchased it for himself rather of buying it for Kyle as per their agreement . This is tantamount to unjust enrichment , an inappropriate 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 compulsion to get a full essay, order it on our website: Ordercustompaper.com

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