Question
Offered Price $28.00

Nancy Bower is owner of Bower Gallery that specializes i

Question # 00622147
Subject: Business
Due on: 11/26/2017
Posted On: 11/25/2017 08:18 PM

Rating:
4.1/5
Expert tutors with experiences and qualities
Posted By
Best Tutors for school students, college students
Questions:
9345
Tutorials:
13664
Feedback Score:

Purchase it
Report this Question as Inappropriate
Question
Learning Activity 1 -
This assignment focuses on agency law.

Scenario: Nancy Bower is owner of Bower Gallery that specializes in oil paintings. Nancy has been an agent for you for several years buying Arnold Wyeth oil paintings. You and Nancy agreed that she will purchase any and all available Arnold Wyeth oil paintings on your behalf. Some of the paintings you will keep for your private collection, others Nancy will sell on your behalf in Bower Gallery. You are to receive 75% of the proceeds from any Arnold Wyeth painting sales in Nancy’s gallery. Nancy will keep the remaining 25% of the proceeds from these sales.

A. Write a sample contract that reflects the agreement between you Nancy Bower. The contract should be valid and enforceable.

B. Write a brief summary explaining how the contract meets the elements of a valid and enforceable contract.

Label answer parts.

LA#2This assignment focuses on agency law.

Refer again to the scenario above in Learning Activity 1. Assume the following events occurred.

A. Recently, Nancy sold one of your Arnold Wyeth paintings in her gallery, but kept 50% of the money from the sale for herself, rather than the agreed 25%.

What effect does this have on your agency relationship with Nancy Bower?

B. Recently, the State notified you that you sold more oil paintings within the past year than is legally permissible without obtaining an art dealer’s license. You can obtain the license by completing state forms and paying the license fee.

What effect does this event have on your agency relationship with Nancy Bower?

Label answer parts.

Tags bower specializes gallery owner nancy nancy paintings bower gallery wyeth arnold agency license contract behalf does relationship write valid effect learning agreed activity aignment state answer recently proceeds sold focuses kept occurreda events following money

Tutorials for this Question
Available for
$28.00

Nancy Bower is owner of Bower Gallery that specializes i

Tutorial # 00620848
Posted On: 11/25/2017 08:19 PM
Posted By:
Best Tutors for school students, college students neil2103
Expert tutors with experiences and qualities
Questions:
9345
Tutorials:
13664
Feedback Score:
Report this Tutorial as Inappropriate
Tutorial Preview …is xxxxx…
Purchase this Tutorial @ $28.00 *
* - Additional Paypal / Transaction Handling Fee (3.9% of Tutorial price + $0.30) applicable
Loading...