Martin, who wants to sell a house he owns, authorizes his concierge, Wilhelm, to find a potential buyer and finalize a deal above a stipulated price. Wilhelm contracts Chris, a real estate broker, and instructs him to only find a potential buyer and send them over to Wilhelm for the sale. Martin then contracts ReNowait Goodhouses, a home improvement company to renovate the house. ReNowait completes its work and Martin pays them. Chris then searches for a suitable buyer and finds one in George. George buys the house and Chris is paid for his services. What role does ReNowait Goodhouses perform?
A) agent
B) independent contractor
C) principal
D) trustee
Correct Answer:
Verified
Q12: Greg, who wants to sell a car
Q13: A principal who signs a contract with
Q14: Martin, who wants to sell a house
Q15: A principal-agent relationship exists when an employer
Q16: Agency law is a mixture of tort
Q18: Minors can appoint an agent without court
Q19: Which of the following is true of
Q20: Which of the following types of relationship
Q21: If a person employs an architect to
Q22: Which of the following is true of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents