Terry hires an agent, Janet, to sell a piece of property for no less than $50,000 with Janet to receive a 6% commission upon sale. Which of the following is Janet legally permitted to do without Terry's consent?
a. Janet can sell the property to her brother for $50,000
b. Janet discovers land values in the area are falling rapidly and, not having a chance to consult with Terry, sells the property for $45,000
c. Janet discovers land values in the area are likely to jump up soon and so purchases the property for herself d. any of the other specific choices
e. none of the other choices
e
You might also like to view...
Explain what is meant by the Double Jeopardy Clause. If a defendant was conducting a criminal enterprise that violated both state and federal law, and the defendant was tried and found not guilty in a state court, can a federal government still prosecute this person? Explain.
What will be an ideal response?
A plan that shows the expected cash inflows and cash outflows during the budget period, including receipts from loans needed to maintain a minimum cash balance and repayments of such loans, is called a(n):
A. Income statement. B. Cash budget. C. Capital expenditures budget. D. Operating budget. E. Rolling budget.
Some retailers commonly use prices that end in certain numbers. They seem to assume that their customers see prices with these numbers as substantially lower. This is
A. odd-even pricing. B. prestige pricing. C. psychological pricing. D. leader pricing. E. demand-backward pricing.
What do we mean by the expected future spot rate?
What will be an ideal response?