"Ann Agent was hired by Buyer to locate a piece of property suitable for building an office complex. Ann and her cousin jointly owned a piece of property that suited Buyer's needs. Without telling Buyer of her ownership interest, Ann negotiated the purchase on Buyer's behalf. The price for the property was its fair market value. What options are available to Buyer when he learns that Ann was the seller

The correct answer is He may rescind the contract because Ann violated her duty of loyalty.

Explanation:

The duty of loyalty, as the obligation of any agent to put the interests of their principal before their own, constitutes one of the most fundamental rules (rectius, standard or general clause) of Private Law. Its realization is also one of the most difficult tasks assigned to scholars, not only to jurists but also to moral philosophers, economists, psychologists and biologists. Cooperation between human beings requires “being able to trust” that those whom we use to extract the advantages of specialization behave loyally when the conditions in which the hiring is carried out are not ideal. Under ideal conditions, the possibility that a contracting party may prevail over its interests over those of the counterparty is ideal to produce damages to the counterparty. The counterparty simply will not enter into the contract if the price does not cover the risks associated with the conflict. But we do not use the expression "conflict of interest" to mean that, in bilateral contracts, the parties normally have opposite interests. There has to be a typical situation in which the other party cannot protect itself by denying consent to the conflicting claim of the other. Typically, when the object of the contract includes the provision of information or advice or the performance of an order on behalf of another. Not in all these cases a duty of loyalty is imposed on the person who informs, advises or carries out the order. If the person who receives the information, the advice or the person in charge of the management can protect himself against the possibility that the person who reports, advises or executes the order prevails his own interest over that of the principal, there is no need to impose a duty of loyalty.

sound is invisible, but sometimes we can feel it. when a kettle-drum is thumped with a stick that time the tight drum skin moving up and down very quickly for some time and then it pumped sound waves into the air. loudspeakers also work in a similar manner.

components of a speaker:

electromagnet

in order to translate an electrical signal into an audible sound, an electromagnet is used in looudspeakers

  suspension

suspension is used to   center the voice coil in the gap of the magnet and it exerts a restoring force to keep it there. suspension is used to limits the maximum mechanical excursion of the diaphragm and voice coil.

voice coil

voice coil is a coil of wire which is attached to the apex of a loudspeaker cone. it provides the motive force to the cone by the reaction of a magnetic field to the current passing through it.

cone

in a   loudspeaker, a   thin, semi-rigid membrane attached to the voice coil, which moves in a magnetic gap due to which it vibrates   and produced sound. it is known as diaphragm and it can also be called a cone, though not all speaker diaphragms are cone-shaped.

surround

surround is also known as front suspension. surround is used to join the cone to the chassis. together with the suspension it controls the cone excursion, and it is also used to   determine how energy which is   travelling through the cone is absorbed, and how the speaker limits when it reaches the ends of its travel.

dustcap

dustcap is used to protect the voice coil from dust and dirt. it is a part of the cone.

how speaker work

the outer part of the cone is fastened to the outer part of the loudspeaker's circular metal rim. the inner part is fixed to   voice coil that sits just in front of a permanent magnet . when loudspeaker is hooked up to a stereo, electrical signals feed through the speaker cables into the coil. it will convert the coil into an electromagnet magnet . when electricity flows back and forth in the cables, the electromagnet either repels or attract the permanent magnet. this moves the coil back and forth, and it pull and push the loudspeaker cone. like a drum skin vibrating back and forth, the moving cone pumps sounds out into the air.in this way loudspeakers works.