Steven Is a Manufacturer's Representative for Sellmed Corporation

question 28

Multiple Choice

Steven is a manufacturer's representative for Sellmed Corporation.One day he receives a big-screen television as a gift from one of the clients he contacts on behalf of Sellmed.In this case:

• A)Steven must account to Sellmed for the gift he has received.
• B)the big-screen television belongs to Sellmed rather than to Steven.
• C)if Steven keeps the TV without telling Sellmed, he will have breached his fiduciary duty to Sellmed.
• D)All of these are correct.

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Definitions:

Recording Statutes

Laws that govern the recording of documents (such as deeds or mortgages) to provide notice of their content and to establish legal priority.

Race-Notice Statute

A law pertaining to real estate which gives priority to the first party to record an interest in a property, provided that party did not have notice of any other claims at the time of recording.

Grant Superior Title

The process of transferring a higher quality or clearer title to property, often used to resolve issues or disputes regarding property ownership.

Constructive Eviction

In landlord–tenant law, a breach of duty by the landlord that makes the premises uninhabitable or otherwise deprives the tenant of the benefit of the lease and gives rise to the tenant’s right to vacate the property and terminate the lease.