Broker Brown entered into an oral listing agreement with the seller without a subsequent written verification. As to the payment of a commission to Brown, it would be:
a. Contrary to public policy.
b. Prohibited by Commissioner rules and regulations.
c. Permissible if the seller elects to do so, but not enforceable.
d. Against the law.
Answer: c. Permissible if the seller elects to do so, but not enforceable.
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An area of land that separates to drastically different land uses zones is a
A) buffer zone. B) setback. C) non-conforming zone. D) variance.
During the month of May, Lucas Clothing transferred 140,000 shirts to Finished Goods Inventory. There was no beginning work-in-process inventory
The company had 40,000 shirts in process at May 31 and the shirts were 75 percent complete with respect to conversion costs. All direct materials are added at the beginning of the production process. The equivalent units for conversion costs for May are ________. A) 140,000 B) 150,000 C) 170,000 D) 180,000