More details to this question:
Peter entered into a contract with Howard, an auctioneer. The contract stated that Howard was to sell some vacant land that Peter owned. The catalogue for the auction set out the conditions for sales at the auction and said that the auctioneer had no authority to make representations on behalf of anyone whose property was to be sold at the auction. Does Howard owe a fiduciary duty to Peter? Is he liable for any mistakes?
1 ANSWER
1 Award
There is no fiduciary relationship. This is a contractual relationship.
Answered on Aug 04th, 2017 at 2:56 PM