Author Question: On March 31, 2004, David Stark signed a nonexclusive right to sell agreement with Leonard Johnson, a ... (Read 152 times)

penguins · **on:** Jun 24, 2018

On March 31, 2004, David Stark signed a nonexclusive right to sell agreement with Leonard Johnson, a real estate agent for Associated Brokers, to sell a ranch near Frisco, Texas. This contract allowed Associated to list and sell the property for 1,500,000 during a period between March 22, 2004, and August 22, 2004. The commission was to be 5. Dwayne Reider found the property on his own and went to see it on his own. Stark told Reider to talk with Associated. Associated met with Reider and he declined to make an offer. On October 24, 2004, Reider made an offer to Stark. Associated claimed its commission. Which of the following is correct?
A) Because it was a nonexclusive right to sell, Associated is owed no commission.
B) Because the seller sold the property, Associated is owed no commission.
C) Associated is owed a commission because the contract was negotiated within 90 days following the expiration of the listing agreement.
D) Associated is owed a commission because its agent met with Reider.

Question 2

In contrast to contributory negligence principles, comparative negligence principles are never applied to malpractice situations.
Indicate whether the statement is true or false