Greg, who wants to sell a car he owns, authorizes his concierge, walter, to find a potential buyer, and finalize a deal above a stipulated price. walter contracts jacob, an independent car sales broker, and instructs him to only find a potential buyer and send them over to walter for the sale. greg then contracts carwreckers, an automobile modification company to renovate his car. carwreckers completes its work and greg pays them. jacob then searches for a suitable buyer and finds one in carl. carl buys the car and jacob is paid for his services. who is the principal during the car sale transaction?

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25 April, 08:55

Greg, who wants to sell a car he owns, authorizes his concierge, walter, to find a potential buyer, and finalize a deal above a stipulated price. walter contracts jacob, an independent car sales broker, and instructs him to only find a potential buyer and send them over to walter for the sale. greg then contracts carwreckers, an automobile modification company to renovate his car. carwreckers completes its work and greg pays them. jacob then searches for a suitable buyer and finds one in carl. carl buys the car and jacob is paid for his services. who is the principal during the car sale transaction?

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Moore · Answer 1

Greg, who wants to sell a car he owns, authorizes his concierge, walter, to find a potential buyer, and finalize a deal above a stipulated price. walter contracts jacob, an independent car sales broker, and instructs him to only find a potential buyer and send them over to walter for the sale. greg then contracts car wreckers, an automobile modification company to renovate his car. car wreckers completes its work and greg pays them. jacob then searches for a suitable buyer and finds one in carl. carl buys the car and jacob is paid for his services. The principal during the car sale transaction is Greg. Since he is the owner of the car and he just authorized Walter & Jacob to find a prospect buyer for the car.