Asked by Iliana Napoles on Jul 09, 2024
Verified
Xavier hired Sam to sell Xavier's private Lear jet.Before any sale could be made,the jet was destroyed in a crash.The destruction of the jet terminated the agency by operation of law.Whom must Xavier inform of the termination?
Operation Of Law
Changes in legal rights or obligations that occur automatically due to pre-defined legal principles or statutes, without the need for action by the parties involved.
Lear Jet
A brand of private jets, known for luxury and speed, often used by corporations and wealthy individuals.
- Examine the influence of external factors like fluctuations in property value or bankruptcy on agency relationships.
- Scrutinize the judicial implications and redress mechanisms available upon agent duty violations or infringements of agency principles.
Verified Answer
TZ
tashfa zahidJul 14, 2024
Final Answer :
Xavier need not inform anyone,since the termination was by operation of law.
Learning Objectives
- Examine the influence of external factors like fluctuations in property value or bankruptcy on agency relationships.
- Scrutinize the judicial implications and redress mechanisms available upon agent duty violations or infringements of agency principles.
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