Diane appoints Edward as her agent to sell goods in markets where the highest price can be obtained.Edward sells the goods in a market that is glutted and obtains a low price,even though he could have obtained a higher price in a nearby market by using more care in obtaining the available market information.Edward is liable to Diane for breach of the duty of diligence.

Question

Quizplus · Accepted Answer

Edward breached his duty of diligence by not obtaining the available market information and obtaining a low price for the goods. As Diane's agent, he had a responsibility to act in her best interest and obtain the highest price possible.

Diane Appoints Edward as Her Agent to Sell Goods in Markets