Tropical vittles wants the land for a new fast-food, Ask an Expert

Management Studies

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.

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M9682731

Have any Question?Write your Review or question?

Related Questions in Business Management

What is the role of a health informatics professional in

What is the role of a health informatics professional in managing health information throughout its life cycle and challenges related to protecting the integrity of health information? Please provide a reference.

Discuss how does the free market economies stimulate

Discuss how does the free market economies stimulate greater economic growth, whereas state-directed economies stifle growth. Please mention references.

Excel discussionconsider this using the mouse to point and

Excel discussion Consider this.... Using the mouse to point and click is one way to work on a computer. Often, the same work can be accomplished using just the keyboard, using shortcut keyboard combinations. For example, ...

The initial problem was how alissa would manage locations

The initial problem was how Alissa would manage locations almost an hour apart while maintaining the level of quality and service customers expected. Does this problem require a routine or non-routine decision? Explain y ...

Imagine yourself to be the owner of small retail store

Imagine yourself to be the owner of small retail store based in various locations in the Okanagan (Kelowna, West Kelowna, Penticton). You have a team of three managers, one at each of these locations. Keeping professiona ...

1 blurred boundaries -- as organizations become more

1. Blurred boundaries -- As organizations become more laterally structured, boundaries begin to breakdown as different parts of the organization need to work more effectively together. Boundaries between departments as w ...

Examine three barriers that you believe represent the most

Examine three barriers that you believe represent the most significant obstacles to an effective competitor analysis. Propose a strategy to overcome each of the three barriers that you have identified. From the e-Activit ...

Can you identify at least one or more ways that companies

Can you identify at least one or more ways that companies can achieve a cost advantage through lower-cost inputs? Can you provide an aviation company example to illustrate your points?

Identify three 3 functions of the australian fair work

Identify three (3) functions of the Australian Fair Work Ombudsman and Fair Work Commission.

Match the term with the definitionscenario by placing the

Match the term with the definition/scenario by placing the letter for your selection in the far left column. Use this exercise to help you study for Mid-term Exam 2. Term ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert