A listing broker who appoints a subagent owes a fiduciary duty to the:

a. buyer.
b. seller.
c. selling broker.
d. any third party.

Answer: b. seller.

Business

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a. true b. false

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The ________ is the instrument normally used to actually effect payment in international commerce

A) banker's acceptance B) bill of exchange C) bill of lading D) letter of credit

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