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 165 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
YES! Correct, THANKS for helping me on my review

helenmarkerine

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Young wild boar. Young wild boar.
Results from sequential study of two cohorts tested at three ages and at three different points in t Results from sequential study of two cohorts tested at three ages and at three different points in t
This couple, a brother and sister in Germany and the proud parents of this child, are challenging ... This couple, a brother and sister in Germany and the proud parents of this child, are challenging ...
How to find the median of a triangle How to find the median of a triangle
Find angles (in radians) from trigonometric ratio Find angles (in radians) from trigonometric ratio
Find the magnitude and the direction of the resultant vector of the vectors below. Find the magnitude and the direction of the resultant vector of the vectors below.
Video: Helper T cell receptors, activation, proliferation, differentiation & action

For a complete list of videos, visit our video library