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.

Question

asked Feb 25, 2020 57.4k views

1 Answer

← Prev Question Next Question →

Related questions

asked Nov 16, 2024 111k views

Steve is renting a condo on the beach on a month-to-month basis. What type of notice must the landlord give Steve in order to terminate the agreement? a. Seven days b. Fifteen days c. Thirty days d. None

Atul Kaushik asked Nov 16, 2024

by Atul Kaushik

8.4k points

1 answer

1 vote

111k views

asked May 3, 2024 20.1k views

Buyer Darrin believes his real estate agent talked him into paying too much for the condo he bought. He's angry and wants to file a complaint against the agent. What should he do?

Paul Kulchenko asked May 3, 2024

by Paul Kulchenko

7.9k points

1 answer

2 votes

20.1k views

asked Jun 17, 2021 98.7k views

A seller's current real estate tax is $1,175 per year including the homeowner's exemption. The condo is sold to a buyer for $197,500. Assuming no local assessments are added to the tax bill, what will

Sgcharlie asked Jun 17, 2021

by Sgcharlie

8.4k points

1 answer

5 votes

98.7k views

Ask a Question

ParkCheolu · Answer 1 · 2020-03-02T09:19:55+0000

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.

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

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.

Categories

Other Questions