Martin,who wants to sell his house,authorizes his concierge,William,to find a potential buyer and finalize a deal above a stipulated price.William contracts Chris,a real estate broker,and intends him to only find a potential buyer and send him or her over to William for the sale.Martin then contracts ReNowait Goodhouses,a home improvement company,to renovate the house.ReNowait completes its work and Martin pays the company.Chris then searches for a suitable buyer and finds one in George.George buys the house and Chris is paid for his services.In this scenario,what type of commercial relationship exists between Martin and William?
A) an employer-employee relationship
B) an agent-agent relationship
C) an agent-independent contractor relationship
D) a principal-agent relationship
Correct Answer:
Verified
Q1: Which of the following types of relationships
Q2: Marlon intends to sell a piece of
Q3: Which of the following is true of
Q4: An employer-employee relationship occurs when an employer
Q7: A(n)_ is a fiduciary relationship which results
Q8: Martin,who wants to sell his house,authorizes his
Q9: A party that employs an independent contractor
Q10: Agency law is a mixture of contract
Q15: A principal-agent relationship exists when an employer
Q29: An agency that occurs when a principal
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