Kay of Kay's Realty was representing Tom Tutone,a well known singer and songwriter,in his purchase of a home in Jackson Hole.She was to act as the buyer and then subsequently sign the property back over to Tom.The seller of the home was not to be told that anyone but Kay would hold title to the property.Which of the following statements is correct?
A) The transaction is illegal because of misrepresentation because information has been withheld from the seller.
B) The transaction involves an undisclosed principal.
C) The transaction involves a partially disclosed principal.
D) Tom is not liable on the purchase agreements for any homes.
Correct Answer:
Verified
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