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

Adriana Mckee

Social Studies

28 July, 07:07

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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Troy Pratt · 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.