In running a title search, National Escrow discovers that the seller's property does not have a lien release on a mortgage that was paid off ten years ago. The seller furnishes a letter from the lender that states the loan was paid in full. The escrow instructions require National to have all lien releases filed or on record before closing. Because the actual release will take 21 days to process,
National closed escrow with only the letter.
A)?National has breached its fiduciary duty through its failure to follow the escrow instructions.
B)?National is permitted to use discretion in situations such as this.
C)?A letter of discharge and lien release are the same thing.
D)?None of the above
A
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In Sid's Surf Shop, there is a 10-foot-long surf board on legs with swimwear on it near the entrance to the department where surfing merchandise is sold. The surfboard attracts many customers into that department. This is an example of a(n)
A. bulk fixture. B. freestanding display. C. cash wrap. D. gondola display. E. end cap.
Connor knew a popular celebrity was planning a shopping spree in his store that day and needed a personal shopper to accompany her. Normally, Connor plays this role, but he trusted a reliable store associate to manage the visit. Connor would be available in the store should there be a problem, but the exciting opportunity was to be handled by the associate. Which of the following terms best describes Connor?
A. Transformational leader B. Democratic leader C. Persuasive leader D. Autocratic leader E. Chaotic leader
According to Collins, the power to simply make decisions is referred to as ______ leadership.
A. executive B. legislative C. figurehead D. charismatic
Which of the following is not a task-focused leader behavior?
A. initiating structure B. production orientation C. consideration D. facilitating goal accomplishment