An executor is a person appointed by the court to administer the estate of an intestate decedent.

a. true
b. false

Answer: b. false

Business

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In the third step of rational decision making (evaluating alternatives and select a solution), you need to evaluate each alternative not only according to cost and quality but also according to the following questions: _____

A) Is it efficient and how will it affect our marketing strategy? B) Is it feasible, effective, and efficient? C) Is it ethical and will it hurt diversity? D) Is it ethical, feasible, and effective? E) Is it feasible and profitable?

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Broker Jones had a listing to sell seller Smith's house. Broker Jones received an offer on the house and presented it to seller Smith who hesitated in accepting the offer. The broker promised Smith verbally to find Smith another suitable residence before escrow closed. On the basis of that, the seller accepted the offer. If broker Jones failed to perform during the time period, which of the following is most nearly correct?

A: Seller Smith could initiate a civil suit and the broker would be responsible for damages; B: Since the promise was verbal, the broker has no liability; C: If Smith files a complaint, broker Jones may be liable for criminal negligence; D: Seller Smith may withdraw his acceptance of the offer without liability.

Business