Tri-state Financial Corporation hires Uri,a real estate agent,to locate investment properties for Tri-state.Uri learns of a warehouse available for $100,000,informs Tri-state,and makes an offer of $90,000 on Tri-state's instruction.The offer is rejected.Uri

Question

Quizplus · Accepted Answer

Uri simply followed Tri-state's instructions (offer of $90,000), and did not breach any fiduciary duties or fail to take advantage of a business opportunity. The rejection of the offer may be due to several factors including the seller's unwillingness to negotiate or the property's value.

Tri-State Financial Corporation Hires Uri,a Real Estate Agent,to Locate Investment