Janice has given her broker an earnest money deposit check with written instructions to hold the check until the seller has accepted her offer. Her broker follows instructions and informs the seller, through a telephone conversation with the seller's agent after the initial offer was presented, the buyer's check is being held awaiting offer acceptance. Did Janice's broker handle this situation correctly?
a. No, the broker must inform the seller in writing the buyer's check is being held until acceptance of the offer. b. Yes, the broker informed the seller of the stipulation on the negotiation of the check until offer acceptance. c. No, the broker must inform the seller of the buyer's check being held at the exact time the actual offer is presented. d. Both A and C
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Janice has given her broker an earnest money deposit check with written instructions to hold the check until the seller has accepted her ...” 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
Jane wins $100 comma 000 playing the lottery, and instead of spending it, she deposits it into her checking account at the First Bank of Anywhere. Her bank makes a loan (equal to its excess reserves) to Mary, who uses the money to remodel her home.
Answers (1)
How does a pension fund act as an investor? a. The fund lends money to those who are also investors in it. b. The company invests the money collected from employers and/or employees. c.
Answers (2)
Purple Corporation acquired 75 percent of Socks Corporation's common stock on January 1, 20X8, for $435,000.
Answers (1)
Under what circumstances might a business plan include a funding request for working capital? Select one: a. It is just starting out. b. It is earning significant profit. c. The owner has saved significant funds. d.
Answers (1)
gmat An international basketball tournament will be held in either Nation QN or Nation RN. Exactly six nations, including the host, plan to participate, depending on the following conditions: SN will participate only if TN does.
Answers (1)
New Questions in Business
Appalachian mountain goods has paid increasing dividends of $.10, $.12, $.15, and $.20 a share over the past four years, respectively.
Answers (1)
What type of skills tends to be equally important at all levels of management? a. technical skills b. human skills c. decisional skills d. motivation to manage e. conceptual skills
Answers (1)
Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $325,000, and its year-end receivables were $60,000. If its DSO is less than the 45-day credit period, then customers are paying on time.
Answers (1)
Which NIMS structure develops, recommends, and executes public information plans and strategies? A. Emergency Operations Center (EOC). B. Incident Command System. C. MAC Groups. D. Joint Information System (JIS).
Answers (1)
Rules of Debit and CreditThe following table summarizes the rules of debit and credit. Indicate whether the proper answer is a debit or a credit.
Answers (1)