Solved

Frank Is an Agent for Private Home Owners Wishing to Locate

Question 107

Essay

Frank is an agent for private home owners wishing to locate tenants to lease their homes. Frank's duties include advertising for tenants, processing the paperwork for the lease, collecting the rent payment from the tenants and issuing the proceeds to the owners, and serving as a conduit for messages. Near the end of his one year contract with home owners John and Becky Ward, Frank tells the tenants that the Wards are going to evict them. In reality, the Wards have no intentions of evicting the Wards. Frank convinces the Wards to move out early, saving themselves the embarrassment of eviction, but forfeiting their security deposit (which Frank conveniently holds in escrow.)What fiduciary duties has Frank violated?

Correct Answer:

verifed

Verified

Frank has probably violated all the fidu...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents