Author Question: With reference to 22, suppose that the buyer tells Rachel that he can buy the house for 90,000 if he ... (Read 73 times)

Arii_bell · **on:** Jun 24, 2018

With reference to 22, suppose that the buyer tells Rachel that he can buy the house for 90,000 if he can get financing. He explains to Rachel that he has bad credit from some dumb business transactions. Rachel offers to have her daughter act as a purchaser because her daughter can qualify for financing. Her daughter will then convey the house to the buyer. Rachel:
A) Has done nothing wrong because she found a ready, willing and able buyer.
B) Has breached her fiduciary duty to her sellers.
C) Can work to facilitate transactions through buyers fronted for that purchase.
D) None of the above

Question 2

An accountant is generally not liable for damages if the accountant fails to inform a client of the tax consequences associated with selling a business.
Indicate whether the statement is true or false