Author Question: Webb Owens signed a listing agreement with Tom-Tom Realty to sell his 7,200-acre ranch. Ralph ... (Read 119 times)

Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500
Webb Owens signed a listing agreement with Tom-Tom Realty to sell his 7,200-acre ranch. Ralph Watkins, the listing agent from Tom-Tom, assures Webb that if Webb finds a buyer there is no commission due and owing. However, the title at the top of the signed listing agreement is Exclusive Right to Sell. Webb does indeed find a buyer for the ranch, the sale goes through, and both Ralph and Tom-Tom demand their commissions. Must Owens pay the commission?
 A) No, Owens had an open listing
 B) No, because Owens was the procuring cause of the sale
 C) Yes, because the parol evidence rule requires the enforcement of the written agreement
 D) No, because Watkins engaged in misrepresentation

Question 2

A disclaimer that protects an accountant from liability for inaccurate reporting of certain specified financial information will be held valid if the accountant had no means of examining the information.
  Indicate whether the statement is true or false



huda

  • Sr. Member
  • ****
  • Posts: 304
Answer to Question 1

C

Answer to Question 2

TRUE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

huda

  • Sr. Member
  • ****
  • Posts: 304

 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

For a complete list of videos, visit our video library