Bankruptcy affect the agency agreement

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Reference no: EM131783097

Stuart, a resident of Georgia, sold his house in Texas to Frank. Since Stuart couldn't be in Texas for the closing, he hired Lisa, an attorney-at-law, to represent him at the real estate closing. Stuart provided Lisa with a contract of agency giving her the authority to sell his house. At the closing, .Lisa also agreed to sell Frank an expensive piano of Stuarts that was still in his home.

Unknown to Lisa, Stuart filed for bankruptcy in Georgia before the closing.

a. Does Lisa have implied authority to sell the piano?

b. Does Lisa have apparant authority to sell the piano?

c. Can Stuart get his piano back?

d. How does Stuart's bankruptcy affect the agency agreement?

Reference no: EM131783097

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