This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Phyllis was the listing agent on Lou's home. Phyllis was able to find a young couple to buy Lou's ... (Read 101 times)

ishan

  • Hero Member
  • *****
  • Posts: 546
on: Jun 24, 2018
Phyllis was the listing agent on Lou's home. Phyllis was able to find a young couple to buy Lou's home for his asking price. Just before the closing on the home, Lou changed his mind and refused to sell the property. The young couple had a loan and their down payment was already on deposit with the escrow company. Which of the following is correct regarding Phyllis's commission?
 A) Lou does not owe the commission to Phyllis
 B) Lou owes only one-half of the commission
 C) The down payment will be used to cover the commission
 D) Lou owes the commission to Phyllis

Question 2

According to the intended user rule the accountant must have furnished the information directly to the client, knowing that the client would transmit the information to other third parties.
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Shshxj

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

TRUE


ishan

  • Member
  • Posts: 546
Reply 2 on: Jun 24, 2018
Excellent

adf223

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

A young Lipizzan at the Spanish Riding School in training equipment, wearing saddle, bridle and long A young Lipizzan at the Spanish Riding School in training equipment, wearing saddle, bridle and long
Who Makes The Decisions at Home? Who Makes The Decisions at Home?
How to use right endpoints to find an expression showing the area of a function How to use right endpoints to find an expression showing the area of a function
Red Bull uses strategies that help it target college-aged, young-adult consumers Red Bull uses strategies that help it target college-aged, young-adult consumers
How to find the reaction for each of the beams below. How to find the reaction for each of the beams below.
Differentiation-find the derivative by the delta method Differentiation-find the derivative by the delta method
Video: Acid-base imbalances - compensation of respiratory acidosis and alkalosis

For a complete list of videos, visit our video library