A listing agent gave the buyer an amendment to the Transfer Disclosure Statement. The buyer may:

a. terminate the sale
b. ask for more information prior to being obligated
c. sue for punitive damages
d. None of the above

Answer: a. terminate the sale

Business

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Which of the following Latin phrases means "Buyer Beware?"

a. Et ux b. Caveat Emptor c. Et al d. Ad Valorem

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The type of buyer-supplier relationship in which buyers and sellers make many relationship-specific adaptations, but without necessarily achieving strong trust or cooperation is termed as ________

A) customer is king B) mutually adaptive C) collaborative D) contractual transaction E) customer supply

Business