If title is to pass at a further time, the transaction is called a bill of sale.

a. true
b. false

Answer: b. false

Business

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A purpose of bankruptcy is to reward for the debtor for getting in over his/her head.

a. true b. false

Business

A real estate broker sent all of his title business to Wonderful Title Co. In appreciation of the business, the title company paid the broker $10 for each transaction. According to the Real Estate Settlement Procedures Act, "RESPA," this practice is:

A: Acceptable if both buyer and seller are told about it and approve; B: Permissible if the seller is going to pay for the title services and is told about it and approves; C: Permissible; D: Forbidden.

Business