An attorney and a lender entered into an agreement in which the attorney's car loan payments are paid by the lender in return for the names of potential loan applicants. Who has violated RESPA?
a. The attorney
b. The lender
c. Both the attorney and the lender
d. Neither the attorney nor the lender
Ans: c. Both the attorney and the lender
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Mumtaz, Badia and Ilya are partners in a business partnership, called MBI. Mumtaz contributes $15,000 to the business, Badia contributes $10,000 and Ilya contributes $5,000. There is no agreement of how they will share partnership profits and losses. In addition, the partnership borrows A $30,000 from the bank. The business doesn't work out, and MBI is unable to repay the loan. The bank sues Mumtaz personally. The amount Mumtaz can legally recover from Ilya is:
A) nothing B) $5,000 C) $10,000 D) $15,000 E) $30,000
Expectancy theory does not acknowledge that role perceptions influence a worker's performance on the job
Indicate whether the statement is true or false