An owner gives ABC Realty an exclusive agency listing for 60 days. Thirty days later the owner finds a buyer and sells the property without the services of ABC realty. The:
a. owner owes ABC Realty a commission
b. owner does not owe a commission
c. the sale is invalid
d. two of the answers are correct
Answer: b. owner does not owe a commission
Business
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Which of the following would be most important factor for a court in deciding whether a partnership exists?
A) That there was no written or oral partnership agreement. B) An allocation of duties among the parties C) Evidence the parties carried on business together with an intention to share profits and losses. D) The use of the parties' personal names in the partnership's business name E) The evidence the two parties worked together on the same business venture.
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Life insurance is really liability insurance
Indicate whether the statement is true or false
Business