Civil code 2079 requires which of the following of a real estate licensee.
a. Deliver the termite report to the buyer.
b. Perform a reasonably competent and diligent visual inspection of the property.
c. Give principles copies of what they have signed at the time of signing.
d. Handle trust money with integrity.
Answer: b. Perform a reasonably competent and diligent visual inspection of the property.
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Explain Section 552 of the Restatement (Second) of Torts
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An inventory decision rule states, "When the inventory level goes down to 14 gearboxes, 100 gearboxes will be ordered." Which of the following statements is TRUE?
A) One hundred is the reorder point, and 14 is the order quantity. B) Fourteen is the reorder point, and 100 is the order quantity. C) The number 100 is a function of demand during lead time. D) Fourteen is the safety stock, and 100 is the reorder point. E) None of the above is true.