This topic contains a solution. Click here to go to the answer

Author Question: Hill contacted Caccamo, a real estate agent, about purchasing a condo for investment purposes in the ... (Read 83 times)

bio_gurl

  • Hero Member
  • *****
  • Posts: 524
Hill contacted Caccamo, a real estate agent, about purchasing a condo for investment purposes in the Shaker Heights area. Hill eventually bought a condominium through Caccamo, but did not learn until after closing that rental of the units was controlled by the condominium board and the board refused to allow Caccamo to rent out the condo. Which of the following is an accurate description of Caccamo's responsibility to Hill?
 A) It is Hill's responsibility to determine any restrictions on the leasing of property before buying that property.
 B) Caccamo had a responsibility to let Hill know of the restriction because she had told him she was buying for investment purposes.
 C) If Hill was given a copy of the CCRs at closing, then Caccamo has no responsibility or liability for the failure to disclose the restriction.
 D) Caccamo's responsibility and liability depends on whether he was a dual agent.

Question 2

The known user rule imposes liability on the accountant for malpractice when he can foresee the parties who will rely on his work in the financial statements.
  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

Andromeda18

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

B

Answer to Question 2

FALSE




bio_gurl

  • Member
  • Posts: 524
Reply 2 on: Jun 24, 2018
Gracias!


pangili4

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

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.

For a complete list of videos, visit our video library