An exclusive right-to-sell listing provides for 20% down and owner financing at 13% interest. The owner received a full-price cash offer that he does not wish to accept. Which is TRUE regarding the owner's rights?
A. He must pay the commission but can reject the offer.
B. He must accept the offer and pay the commission.
C. He may reject the offer without obligation regarding commission.
D. He may accept the offer without obligation regarding commission.
Answer: C. He may reject the offer without obligation regarding commission.
Business
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The account title used for recording the payment of rent in advance for an office building is ________.
A) Prepaid Rent B) Rent Payable C) Rent Revenue D) Rent Expense
Business
Refer to Instruction 18.1. In euros, what is the NPV of the Velo Rapid Revolutions expansion?
A) €1,524,690 B) $1,611,317 C) -€75,310 D) -€111,317
Business