When recording an early payment discount on inventory items, you use the account

Gomer paid the seller of a car with a worthless cheque. He then sold the car to an innocent person who paid him good consideration. Gomer took the money and left the country. The original seller found out who had the car and wanted it back. Who is entitled to the car if the court holds that the contract between the original seller and Gomer is voidable?

A) Original seller B) Gomer C) Innocent purchaser D) The innocent purchaser, but he must pay damages to the original seller E) The original seller, but he must pay compensation to the innocent party

What is the standard minimum time limit for employment in an exclusive listing agreement?

A. 30 days B. Six months C. The average length of time it takes to find a buyer in that particular locality D. Whatever is agreed upon by broker and property owner