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Author Question: Smith, an attorney, is handling the sale of some property in probating an estate. Smith's wife, a ... (Read 152 times)

SO00

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on: Jun 24, 2018
Smith, an attorney, is handling the sale of some property in probating an estate. Smith's wife, a broker, is interested in obtaining the listing, and both Smiths are interested in purchasing the property. Any problems?

Question 2

Third persons are prohibited from recovering from an accountant who commits fraud.
  Indicate whether the statement is true or false


scottmt

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A definite conflict of interest. The best bet for the Smiths is to obtain both the estate representative's and the court's approval of the transaction, disclosing all interests and identities.

Answer to Question 2

FALSE


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