A buyer and seller initial the liquidated damages clause in a real estate purchase contract and then the buyer defaults. The deposit is:
A: Given to the seller when escrow opens;
B: Limited to 3% of the selling price;
C: Divided equally between the seller and the listing agent;
D: Used to pay any costs incurred and then returned to the buyer.
Answer: C: Divided equally between the seller and the listing agent;
Business
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a. be constant b. vary with unit sales c. vary with sales revenue d. vary with production
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Which order paper when indorsed becomes a bearer paper?
A) unqualified indorsement B) blank indorsement C) special indorsement D) special qualified indorsement
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