Alice Entered into an Agreement with a Real Estate Agent

question 36

Essay

Alice entered into an agreement with a real estate agent to help her find a house in Windsor, Ontario.Alice found a house that she wanted and asked the agent to present an offer on Monday.The agent got busy with some other work and did not present the offer until Wednesday.Unfortunately for Alice, the owner of the house accepted another offer presented on Tuesday.Describe the bases upon which Alice could seek relief from the actions of the agent.

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Definitions:

Time

A dimension in which events can be ordered from the past through the present into the future.

Contribution Margin

The amount by which a product's sales price exceeds its variable costs, contributing towards covering fixed costs and generating profit.

Financial Break-even

The point at which total revenues equal total costs, resulting in no profit or loss for the business.

Financial Break-even

The point at which total revenues are equal to total operating expenses and financial costs, meaning the company makes no profit but also incurs no loss.