Buyer norma Gay sales associate Julie a post dated check as a bender deposit and told Julie the check would not clear until the following week.the broker was tied up with negotiations on a large transaction, so Julie presented Normas offer and disclosed to the center that the check was postdated and would not clear until next week the center asked Julie to hold the check in the positive when the funds were available.the broker was unaware of this arrangement which statement is correct?
A. No violation occurred since Julie's property disclose the nature of the deposit, and the center allowed to check to be held subject clearance
B. Julie is in violation of the law but the broker was unaware of the arrangement has no violation of the law
C. Both Julie and the broker are violation of the law
D. There is no violation since post dated checks cannot be deposit
Answer: C. Both Julie and the broker are violation of the law
You might also like to view...
Hotels that cater to business travellers have more expensive rates during peak usage times (weekdays) and discount rates for slower times (weekends and holiday periods). Which pricing objective does this illustrate?
a. patronage-oriented b. revenue-oriented c. supply-demand d. operations-oriented
Advertising by sampling that is designed to create buzz is called ________
A) tryvertising B) groundswelling C) brand evangelizing D) viral marketing E) location-based networking