Register
April and Wayne are the buyer and seller of a condo, respectively. April is represented by Steve. Wayne is represented by Wanda. Name the principal(s) in this transaction.
57.4k views
3 votes
April and Wayne are the buyer and seller of a condo, respectively. April is represented by Steve. Wayne is represented by Wanda. Name the principal(s) in this transaction.

User Brigham
by
5.3k points

1 Answer

3 votes

Answer:

Both April and Wayne

Step-by-step explanation:

As per common law, principal is a person who designates another person to establish legal relationship with a third party on behalf of him. The person who acts on behalf of the principal is called an agent.

In this case, Steve acts on behalf of April and enter into a contract with Wanda who acts on behalf of Wayne. So, April and Wayne are principals and Steve and Wanda are agents.

User ParkCheolu
by
5.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.9m questions

7.8m answers

Other Questions

What are some ways you can save on car insurance?
_____ reminds customers and clients that they made a good choice in selecting a company with which to do business, or it reminds them of the good qualities of their purchase.​
Demonstrate how binomial nomenclature is related to classification systems by identifying the genus name and the specific name of the domestic cat felis catus
The dark printed words on the page of a book are easily read because they are printed on a light ground. this is an example of the principle of ____________.
On august 1 the darius co. purchased a photocopy machine for $8,000. the estimated annual depreciation on the machine is $1,680. if the company prepares annual financial statements on december 31, the
Link Copied!