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ValentinkaMS [17]
3 years ago
12

Licensees are responsible for paying the costs of legal document preparation when they are preparing such documents for their cl

ients. If the broker delegates this function to an agent (title company or closing service), who is responsible for bearing the cost?
Business
1 answer:
Blababa [14]3 years ago
5 0

Answer:

The broker is responsible for bearing the cost.

Explanation:

The licensees are responsible for paying the costs of legal document preparation even if the documents were prepared by an agent. The broker may delegate the work but the responsibility cannot be delegated, and it is their responsibility to pay for these costs.

The only exception to this rule can happen when the legal documents are prepared by an attorney that represents the parties involved in the transaction.

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Answer:

2. Limited supply would increase the price

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In the given case the vendor sells in advance four thousand units for $300. While the installed capacity of the factory being to produce 1000 smartphones every month.

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During the first few months, since the seller has already successfully sold 4000 smartphone units, high demand for the smartphones is evident.

Since the supply is limited to 1000 units only in a month and the quantity demanded being more as is evident by 4000 units being pre sold, during the initial phase, this would create a high demand.

And since the supply is limited, the seller will have to increase the price as the demand is lot more.  

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