Baird finds a prospect for a house under an open listing. The seller signs a sales contract several days later with a different buyer produced by broker Carr. Who should receive the commission on the sale?
A. Baird should receive the entire commission.
B. Carr should receive the entire commission.
C. Baird and Carr should receive equal shares of the commission.
D. Baird and Carr should negotiate an agreement as to the division of the commission.
Answer: B. Carr should receive the entire commission.
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After an owner developed his property, water runoff from it damaged a lower prop- erty. Which statement about liability for this damage is TRUE?
A. The upper-land owner is strictly liable. B. The upper-land owner is liable for only the percentage of damage based on the percentage of increase in runoff. C. If the development was reasonable use of the land with reasonable care, the upper-land owner is not liable. D. None of these is true.
In a sale on approval, the risk of loss and title to the goods remain with seller until the buyer's acceptance
Indicate whether the statement is true or false