Anderson Crossing Investments, Inc., was a family-owned property investment organization, investing in undeveloped properties when prices were low and then selling them when prices went up. William Hill, property manager for Anderson Crossing, approached Kortney Branson, who owned fifty acres next to some of Anderson Crossing’s land, and offered to purchase it for "Anderson." Branson sold the property for $250,000. Within one year, Anderson Crossing sold the property to a developer for a new subdivision for $1,000,000. Richard Anderson, a 5% owner of Anderson Crossing Investments and an old high school acquaintance of Branson, saw her at the mall and told her of the recent sale. Furious that she had lost out on the income and convinced that Hill had misled her, Branson sued Richard Anderson for the acts of his agent, Hill. Branson argued that the facts were sufficient to create an agency by estoppel to impose liability on Richard Anderson. 1. The land in this case was originally owned by.