Author Question: Jane Wyman is a real estate agent who is the listing agent for Tom and Mary Arnold's home. Jane has ... (Read 313 times)

MirandaLo

  • Hero Member
  • *****
  • Posts: 538
Jane Wyman is a real estate agent who is the listing agent for Tom and Mary Arnold's home. Jane has a buyer who is interested in purchasing the Arnold house, but the buyer has a spotty credit history. Jane thinks the buyer has turned the corner on past problems and will be a good buyer for the property. Jane does not disclose the buyer's spotty credit history and Tom and Mary sign a contract for the sale of their home. As the buyer tries to get qualified, Tom and Mary pass up several other offers. Jane:
 A) Has breached her fiduciary duty to the sellers by withholding material information.
 B) Represents the buyer and not the seller so she has done nothing wrong.
 C) Need not disclose a spotty credit history unless Tom and Mary ask.
 D) Cannot be held accountable for a buyer's failure to qualify for a mortgage loan.

Question 2

In an action for breach of contract, the statute of limitations runs from the date on which the contract is breached.
  Indicate whether the statement is true or false



ngr69

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

A

Answer to Question 2

TRUE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

For a complete list of videos, visit our video library