Rex has a reputation in the community for being a bit odd. He lists his ranch for sale and insists on the low price he's placed on it, though his agent tells him it's underpriced. Rex's distant family hears of the potential sale, and they go through the courts to present evidence that Rex isn't legally competent to manage his business affairs; the judge agrees. What's the status of the listing agreement?

Question

Social Studies

Adalynn Mcgrath

27 August, 10:47

Rex has a reputation in the community for being a bit odd. He lists his ranch for sale and insists on the low price he's placed on it, though his agent tells him it's underpriced. Rex's distant family hears of the potential sale, and they go through the courts to present evidence that Rex isn't legally competent to manage his business affairs; the judge agrees. What's the status of the listing agreement?

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Madalyn Gallagher · Answer 1

Since the judge declared Rex isn't legally competent to manage his business affairs the negotiation will b e conducted by other person of Rex family, probably.