When may a real estate broker, serving as agent of the seller, refuse to transmit an offer to the principal?
A. When the owner has already accepted a "back up" offer
B. When the broker is acting as a gratuitous agent
C. Never
D. When the broker is acting on the express instructions of the principal in his refusal
Ans: D. When the broker is acting on the express instructions of the principal in his refusal
Business
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If a price is unclear when a contract is found to exist, the UCC directs the courts to:
a. determine "a realistic price" b. determine "a reasonable price" c. determine who should have to pay the price d. determine who should have known the price e. determine a fair way to set the price
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