Explain legally refuse to deed the property

Assignment Help Business Management

Reference no: EM13216327

Tropical Vittles, LLC, hires Sophie to act as its agent to buy a ten-acre tract of land from Rico for $1,000 per acre. Tropical Vittles does not want Rico to know that it is the principal or that Sophie is its agent. Tropical Vittles wants the land for a new fast-food restaurant, and believes that Rico may not sell the land for that purpose or may demand a premium price. Sophie makes the purchase, signing only her name to the contract as the buyer and not disclosing to Rico the agency relationship. The transfer of the deed is to occur on May 1. Rico learns of Tropical Vittles's identity on April 15. Can Rico legally refuse to deed the property on May 1? Explain.

Reference no: EM13216327

Questions Cloud

What are earliest fossil hominins to show physical evidence : What are the earliest fossil hominins to show physical evidence of bipedalism?

Explain work with a venture capitalist : Qondile has a game-changer of an idea for electric power generation that will make solar, wind, nuclear, and petroleum totally obsolete as soon as it hits the market.

What was the case number of the student karyotype : What was the case number of the student's karyotype? What was the result of the student's karyotype? (Include the sex andthe chromosomal disorder, if applicable. If there was no chromosomaldisorder, the student must state that the individual was n..

What two major roles does atp hydrolysis play in muscle : What two major roles does ATP hydrolysis play in muscle contraction?

Explain legally refuse to deed the property : Tropical Vittles wants the land for a new fast-food restaurant, and believes that Rico may not sell the land for that purpose or may demand a premium price.

Which test tube had a bigger bubble on the top : Which test tube had a bigger bubble on the top before the experiment? After the experiment?

Compare the calculated expected genotypic frequencies : How do you determine the allelic frequency, expected genotype frequency if the population were all genetic equilibrium, and compare the calculated expected genotypic frequencies.

What is the impact of each of these conditions : Eating disorders, specifically anorexia and bulimia, have received a lot of attention. Thinking of the anatomy and physiology of the digestive system, what is the impact of each of these conditions on the digestive system? What other systems in th..

Why they are able to retain food for so long : Food remains in the stomach for several hours. Passage of food through the small intestines also requires several hours. These two organs have very different shapes. Explain why they are able to retain food for so long, for efficient digestion and..

User Account

All Pages