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tensa zangetsu [6.8K]
3 years ago
14

A broker moves his office without telling the FREC where he is moving. Two weeks later, a seller comes in and lists his property

. The property sells, but the seller is most unhappy with the way the broker performed. The seller refuses to pay a commission to the broker. Can the seller do this?
Business
1 answer:
FrozenT [24]3 years ago
7 0

Answer:

Yes

Explanation:

In this specific scenario, it can be said that Yes the seller can refuse to pay the broker a commission. This is because the broker's license ceases to be in force when the broker changes his address without notifying the FREC within 10 days. Therefore, since the broker moved and did not notify the FREC where he moved to, and did not register his new address then the seller is within his rights to refuse payment to the broker.

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Bernard Flinn operated a business known as Harvey Investment Co., Inc./High Risk Loans. Flinn worked as a loan broker, matching
den301095 [7]

Answer:

The defense was not valid as per court.

Explanation:

The Indiana requirement of having license before initiating a credit business is to be fulfilled before starting the transactions and according to the customs when starting such business, a research is properly done to avoid any future claims and get firsthand knowledge of business initiation process.

Flinn’s statement to be unaware of the fact that it is necessary to get license, and non-criminal intentions are not justifiable as per the law because law is more of explicit things rather than implicit, i.e. acts and intentions, respectively.

So, the defense is not justifiable.

3 0
3 years ago
Monroe Minerals Company purchased a copper mine for $122,000,000. The mine was expected to produce 50,000 tons of copper over it
frutty [35]

Answer:

Your answer is given below:

Explanation:

Depletion cost per ton

= 122,000,000/50,000 tons = 2,440 per ton

Cost of copper sold = 6,400 tons*2,440 = 15,616,000

Sales = 6,400 tons*4,900 = 31,360,000

Net income = Sales - Cost of copper sold - Operating expenses

= 31,360,000 - 15,616,000 - 8,540,000

= $7,204,000

4 0
2 years ago
A company's sales in Seattle were $410,000 in 2012, while their sales in Portland were $290,000 for the same year. Complete the
REY [17]

Answer:

a)   41.38%

b)  29.26%

c)  70.73%

Explanation:

We should check agsint whom is the comparrison to deteminate the base.

If we compare "than Portland's" this means portland is the year base.

a) Seattle / Portland

410,000 / 290,000 - 1 = 41.3793 = 41.38%

b) 1 - Portland / Seattle  = 1 - 290,000/410,000 = 29.26%

c) Portland / Seattle = 290,000 / 410,000 = 70.7317%

4 0
3 years ago
11
sukhopar [10]
B. extracurricular activities!
6 0
3 years ago
Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality
Ann [662]

Answer:

a) Determine which type of cars will be sold at the efficient allocation.

All cars would be sold in a Pareto efficient allocation.

In a Pareto efficient market, resources are all allocated in the most efficient possible way. This is the reason why this is just a theoretical concept that does not necessarily apply in real life.

b) Determine which type of cars will be sold at the market equilibrium.

Since consumers are only willing to pay up to $1,620 for a used car, only medium quality and low quality cars will be sold. The price of high quality used cars is higher than the equilibrium price.

Explanation:

the most a buyer would be willing to pay for a used car is ($1,800 x 40%) + ($1,600 x 30%) + ($1,400 x 30%) = $720 + $480 + $420 = $1,620

3 0
3 years ago
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