What is gudgement in action by adams against parker

Assignment Help Management Theories

Reference no: EM131387061

Parker, the owner of certain unimproved real estate in Chicago, employed Adams, a real estate agent, to sell the property for a price of $250,000 or more and agreed to pay Adams a commission of 6 percent for making a sale.

Adams negotiated with Turner, who was interested in the property and willing to pay as much as $280,000 for it. Adams made an agreement with Turner that if Adams could obtain Parker's signature to a contract to sell the property to Turner for $250,000, Turner would pay Adams a bonus of $10,000.

Adams prepared and Parker and Turner signed a contract for the sale of the property to Turner for $250,000. Turner refuses to pay Adams the $10,000 as promised. Parker refuses to pay Adams the 6 percent commission. In an action by Adams against Parker and Turner, what is the judgment?

Reference no: EM131387061

Questions Cloud

How have innovations in technology affected your life : BBA 3302- Do you think companies can simply graft new strategies and structures onto existing ones? How have innovations in technology affected your life and the way you do business?

How does data leakage occur in an organization : The focus of the research paper is Data Leakage. How does data leakage occur in an organization? What are the common causes of this problem? How would use address this troublesome trend? Use your textbook, internet, and other publications to re..

Discuss whether perry will prevail in given case : David resisted on the ground that Perry had suffered no damage because Alice had been given no discretion and the sale was made on the exact basis authorized by Perry. Discuss whether Perry will prevail.

Do you think that the documentary presents an accurate image : Do you think that the documentary presents an accurate image of corporations and businesses in America? How can individuals help to make businesses a positive force in our society?

What is gudgement in action by adams against parker : Parker refuses to pay Adams the 6 percent commission. In an action by Adams against Parker and Turner, what is the judgment?

What can you do to prevent stereotyping in your organization : Asian basketball star Jeremy Lin has become the subject of jokes and racist comments. What can you do to prevent stereotyping in your organization?

Analyze the types of consumers who will be drinking beverage : For most non-alcoholic beverages, marketing (as opposed to the actual product itself) is key to success. Cola drinks, for example, are fairly undifferentiated, as are many energy drinks, juices, bottled water, and the like. Companies producing the..

Outline demographic information for your company specified : Outline the demographic information for your company specified on the worksheet in the course text (p. 107 | Demographic Description). Click here for help accessing a specific page number in your eBook.

Who should prevail in given condition and why : The defendant asserts that the plaintiff's claims on the remaining nine checks are barred due to her failure to examine her monthly bank statements. Who should prevail? Why?

User Account

All Pages