A fraudulent misrepresentation which induces another person to enter into a contract can result in which of the following remedies?
A) Rescission and/or damages
B) Rescission only
C) Damages only
D) Rectification
E) There is no remedy available for fraudulent misrepresentation.
A) Rescission and/or damages
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Normally a broker earn a commission only if he or she creates a binding contract during the term of the listing. What clause in a listing contract provides an exception to the rule?
a. A hold harmless clause. b. A protection period clause. c. An exculpatory clause. d. An acceleration clause.
Which of the following is a remedy for ineffective monitoring by agencies?
A) replacing federal chartering of corporations with state chartering B) encouraging greater use of the nolo contendere plea C) eliminating the imposition of equity fines D) increasing the operating budgets of regulatory agencies