Business Law

Question 1

• Board of directors and senior management acting on behalf of an incorporeal entity.

• Partners acting on behalf of other partners of a partnership

• Auctioneers, stock brokers

• Spouses and legal guardians.

Question 2

a) Implied actual authority. What has he been given authority to do?

b) Yenta, would be acting as an Agent of necessity. As a pre existing voluntary relationship exists between the two, a relationship which puts Yenta in proximity to Monicas property.

• The situation needed immediate resolution/action

• Agent honestly tries to act on behalf of the best interests of the principal.

c) Seek action against Jack, as a breach of warranty.

• Agreement was silent on the matter of preferential plumber.

• Should of made the plumber clause explicit.

Question 3

Jack has given power of attorney by Sally as she will be overseas.

Criminal Law

Property Law

Fiduciary Duties

Agency Law

Real Estate and business agents act. S64

1) are fiduciary duties owed? Identify this first.

2) What are the relevant duties.

Breach of fiduciary duties- (Common

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