An Agent Who Has Been Authorized to Sell Property and Owing

question 1

Multiple Choice

An agent who has been authorized to sell property and owing to a failure to make reasonable inquires as to its value sells it for half of the current market value, has breached which of the following legal duties?

• A)Fiduciary duty
• B)Duty to act with reasonable care and skill
• C)Duty to act within the scope of authority
• D)All of the above
• E)No duty has been breached

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Definitions:

Functional Departments

Divisions within an organization based on functions or roles such as marketing, finance, and human resources, focusing on specialized tasks or services.

Cohesive Group

A collective of individuals who are united in their goals, values, or interests, displaying strong bonds and a high level of mutual support.

Group Attractiveness

The degree to which a group is considered appealing or desirable to its current or potential members, influenced by factors like cohesion, identity, and perceived benefits.

Group Cohesiveness

The extent to which members of a group support and validate one another while working towards a common goal.