LAW 603 Chapter Notes - Chapter 16: Real Estate Broker, Specific Performance, The Seller
4 Jan 2017
School
Department
Course
Professor
Document Summary
Darren (unintelligent/stupid) decided to use inheritance money from dad to create company that would sell books/dvds online (no previous experience in field) Jenny (real estate lawyer) agreed to help (for expensive price) After searching, jenny told darren she found property with building suitable for warehouse. Darren expressed concern about all the little details . Jenny assured him that she"s an expert and will take care of it for a price. 2 months later; deal closed and darren acquired fee simple to premises. Discuss darren"s situation from a risk management perspective. There is not one obvious solution, however many significant issues and things to consider with this case. Darren hired jenny to help him (given his lack of experience) She had a responsibility to inform him about unregistered interests. Jenny did not inform him about public easements. If there are signs of activity on the land, a lawyer should contact organizations in question.
