Purchase Solution

Gagnon v. Coombs - Change in Circumstances

Not what you're looking for?

Ask Custom Question

Case Study Decision: Change In Circumstances - Gagnon v. Coombs

Facts: Francis Gagnon was an elderly man who, with his wife, owned a farm in Shelburne, Massachusetts and land in Hillsborough, New Hampshire. They had two children, Joan Coombs and Frank Gagnon. Joan suggested that her parents sign powers of attorney appointing her as their agent so that she could take care of them and their property. Frank was furious when he found out about Joan's power of attorney. He convinced his father to revoke the power. Francis did so, but never told Joan explicitly.

Two months later, Mrs. Gagnon died and Mr. Gagnon signed a purchase and sale agreement for the Shelburne farm. He gave the property in Hillsborough to Frank. When Mr. Gagnon told Joan about the sale of the land and his intention to move to Hillsborough to live with Frank, she crafted her own plan. Not realizing that her power of attorney had been revoked, she used it to transfer the Shelburne property to a trust that she had created and that she controlled.

Mr. Gagnon's lawyer wrote to Joan demanding that she return the Shelburne property to him, and she refused. The trial court found that Joan had the authority under the power of attorney to convey the Shelburne property to the trust. Mr. Gagnon appealed.

Did Joan have the right to convey the Shelburne farm to a trust that she had established? Does the property belong to the trust or to Mr. Gagnon?

Purchase this Solution

Solution Summary

The answer to this problem explains the the right to convey. The two references related to the answer are also listed.

Solution Preview

Did Joan have the right to convey the Shelburne farm to a trust that she had established?

Joan did not have the right to convey the Shelburne farm to the trust she had established because her power of attorney was revoked by Francis. Even though Joan did not know that her power of attorney was revoked, the power of ...

Solution provided by:
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
Recent Feedback
  • "I read your comments, and thank you for this feedback. Do I need to find other studies that applied this methodology Ive used? That's where I'm stuck at."
  • "Thank you kindly sir. "
  • "Excellent and well explained. --Thank you kindly. "
  • "Awesome notes. I appreciate you."
  • "I have the follow-up project and I will assign that to you very soon. "
Purchase this Solution


Free BrainMass Quizzes
Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.