Broker Knorr advertised in the newspaper that anyone who bought a property listed with the broker would receive a free microwave oven valued at $500. Such action is:
A: Legal, provided full disclosure is made to all interested parties;
B: Illegal under any circumstances;
C: Legal, provided that only a chance to win the microwave in a drawing is actually given the buyer;
D: Illegal, since the value of such a gift cannot exceed $100.
Answer: A: Legal, provided full disclosure is made to all interested parties;
You might also like to view...
The court order following a judgment for money is
a. a certificate of sale. b. a special limitation. c. a writ of execution. d. a trustee in bankruptcy.
If there are 20 manufacturers and 500 retailers, and each manufacturer has 15 interactions per year with each retailer at a cost of $200 per transaction, calculate the total number of transactions
A) 100,000 transactions per year B) 150,000 transactions per year C) 200,000 transactions per year D) 250,000 transactions per year E) 300,000 transactions per year