A buyer signed a contract to buy a house for $100,000. To obtain a larger loan for the buyer the broker submitted a false contract to the lender for $110,000. Is the broker's action legal?
A. Yes, in the buyer agreed.
B. Yes, the loan would be based on the appraisal.
C. No, this would be considered fraud.
D. No, this is an example of redlining.
Answer: C. No, this would be considered fraud.
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Which one of the following capital intensity ratios indicates the largest need for fixed assets per dollar of sales?
A. 0.70 B. 0.86 C. 1.00 D. 1.06 E. 1.15
The test statistic for a hypothesis test _________________________________________
A) determines the observed level of significance B) is based on the significance level and determines the boundary for the rejection region C) represents the number of standard deviations between the sample mean and the population mean according to the alternative hypothesis D) represents the number of standard deviations between the sample mean and the population mean according to the null hypothesis