Which of the following laws requires the closing agent to withhold a certain percentage of the seller's proceeds and submit them to the IRS if the seller is a foreign person?
A. Home mortgage disclosure act
B. Equal Credit Opportunity Act
C. Recapture of foreign profits act
D. Foreign investment in Real Property Tax Act
Answer: D. Foreign investment in Real Property Tax Act
Business
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Being self-limiting and non-controllable are disadvantages of:
a. Word of mouth b. Direct sales c. Telemarketing d. Direct mail
Business
The owner of a grocery store wants to have non-food items delivered, priced, displayed and inventoried by a wholesaler. Which type of wholesaler best fits the owner's needs?
A) drop shipper B) cash-and-carry wholesaler C) truck jobber D) rack jobber E) mail-order wholesaler
Business