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isaiah wants to build a new shopping complex. he is afraid that once news gets out about his plans, the price of the land where he wants to build the shopping complex will increase in price. isaiah, therefore, hires landon to purchase the parcels of land for him and to keep the fact that landon is working for isaiah a secret. landon enters into a written contract for the sale of the land with miriam and does not tell miriam that landon is an agent for anyone else on the deal. isaiah refuses to buy the property from miriam. is landon obligated to perform the contract with miriam?

Sagot :

Answer:

Yes, he is because there was an undisclosed principal who failed to perform.

Explanation:

A contract is the agreement between two or more parties to be performed at a specified time period and based upon a pre-defined sum of money for the execution of a contract. An agreement signed by mutual concern of both the parties is known as contract.

Yes, Landon is obligated to perform the contract with Miriam.

The reason is that Landon prepared a separate contract with Miriam where Miriam does not know the principal reason for the contract between them. Therefore, if any default occurs within the contract then Landon is obligated to perform on behalf of Miriam for Isaiah.

To know more about contract, refer to the link:

https://brainly.com/question/3965049

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