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Large sum of money amounting

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Jack who had migrated to Australia, had appointed Ken to be his agent in all his legal, taxand accounting affairs. Jack had informed Ken to sell his bungalow in Shah Alam for aprice not less than RM1.5 million. In addition, Jack owns three other properties whichhave been rented out. Ken was to collect the monthly rentals and keep proper accounts.Subsequently, Ken informed jack that he could not sell the house at that price but therewas a buyer who was willing to pay RM 1 million for the bungalow. Jack then authorizedKen to sign the documents for the sale and purchase of the bungalow. Four months later,when Jack returned to Malaysia for a holiday, he discovered that the buyer of thebungalow was Ken's wife. Jack also discovered that the collection and recording of themonthly rentals were not in order but in fact was a shortage of a large sum of money amounting to RM200,000. Jack is very upset and wants to know if Ken has breachedthese duties as his agent. Advise Jack and the remedies he can seek against Ken.

Reference no: EM131171885

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