Scenario: For several years, Anne had been agent for Peter for maintaining Peter’s antique cello collection, including sale and purchase of antique cellos. Anne also is an antiques dealer handling general types of antiques through her antiques shop. Ann often sells Peter’s antique cellos on his behalf through her shop.
Anne recently sold one of Peter’s cellos from her shop and kept some of the money for herself. Soon thereafter, the State notified Anne that she had sold, within the past year, the maximum allowable number of antique musical instruments she was permitted to sell without being required to obtain a musical instruments dealer’s license. Two weeks later, Peter died.
Analyze and describe the legal effect of each of these events on Anne’s and Peter’s agency-principal relationship:
A. Anne’s keeping for herself the proceeds from the sale of one of Peter’s cellos. 1-2 paragraphs
B. The State requirement that Anne obtain a musical instruments dealer’s license. 1-2 paragraphs
C. Peter’s death. 1-2 paragraphs