Asked by
Juan Camilo Serra
on Nov 28, 2024
Verified
Watercraft Inc. employs Vern as a sales agent for a trial period. At the end of the period, Watercraft and Vern disagree on the amount of the commissions Vern is due for sales that he made. Vern may demand
A) a constructive trust.
B) an accounting.
C) nothing.
D) specific performance.
Commissions
Fees paid to agents or salespeople for facilitating transactions or sales.
Constructive Trust
A legal remedy imposed by a court to rectify unjust enrichment or wrongful conduct, requiring the holder of property to transfer it to the rightful owner.
Accounting
The systematic recording, analyzing, summarizing, and reporting of financial transactions of a business or individual.
- Describe the privileges and responsibilities that exist in a principal-agent connection, along with the available legal actions when contracts are violated.
- Become familiar with the roles of principals and agents in relation to each other, which encompass cooperating, compensating for harm, and making repayments.
Verified Answer
AT
Learning Objectives
- Describe the privileges and responsibilities that exist in a principal-agent connection, along with the available legal actions when contracts are violated.
- Become familiar with the roles of principals and agents in relation to each other, which encompass cooperating, compensating for harm, and making repayments.