Tell, an Ohio real estate broker, misrepresented to Allen that Tell was licensed in Michigan under Michigan's statute regulating real estate brokers. Allen signed a standard form listing contract agreeing to pay Tell a 6% commission for selling Allen's home in Michigan. Tell sold Allen's home. Under the circumstances, Allen is
A. Not liable to Tell for any amount because Tell violated the Michigan licensing requirements.
B. Liable to Tell only for the value of services rendered under a quasi-contract theory.
C. Not liable to Tell for any amount because Allen signed a standard form contract.
D. Liable to Tell for the full commission under a promissory estoppel theory.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Tell, an Ohio real estate broker, misrepresented to Allen that Tell was licensed in Michigan under Michigan's statute regulating real ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Bike Atlanta currently produces 1,000 axles per month. The following per unit data apply for sales to regular customers: Direct materials $30 Direct manufacturing labor 5 Variable manufacturing overhead 10 Fixed manufacturing overhead 40 Total
Answers (1)
At the time the transaction occurred, which of the following would result in an increase in net income under the accrual basis of accounting, but would not result in an increase in net income under cash basis accounting?
Answers (1)
Which of the following is considered to be an open-end credit?
Answers (1)
You need $20,000 to purchase a used car. Your wealthy uncle is willing to lend you the money as an amortized loan. He would like you to make annual payments for 4 years, with the first payment to be made one year from today.
Answers (1)
A lower control limit must by definition be a value less than an upper control limit. True or false
Answers (1)
New Questions in Business
George failed to pay $5,000 of income tax due with the filing of his return, which was timely filed on April 15th. He waits until June 10th after April 15th to pay the tax. How much will his penalties be?
Answers (1)
On November 1, 2019, Juno, Inc. declared a dividend of $3.00 per share on common stock. Juno, Inc. has 10,000 shares of common stock outstanding and 20,000 shares of preferred stock.
Answers (1)
Fallon Corporation reports net income of $370,000. Accounts Receivable balances at the beginning and end of the year were $40,000 and $48,000, respectively. Beginning and ending Inventory balances were $60,000 and $54,000, respectively.
Answers (1)
An asset was purchased for $60,000 and originally estimated to have a useful life of 10 years with a residual value of $3,000.
Answers (2)
Which of the following is true? A. Both microeconomics and macroeconomics deal with same economic issues of inflation, unemployment and growth. B.
Answers (1)