A contract that is established by the conduct of a party rather than by the party's written or spoken words is an implied contract
Indicate whether the statement is true or false
TRUE
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Kelly Financial Services, Inc invested $27,000 to acquire 3,750 shares of Mitt Investments, Inc on March 15, 2013
This investment represents less than 20% of the investee's voting stock. On May 7, 2017, Kelly Financial Services, Inc sells 2,250 shares for $15,250. In the accounting equation on May 7, 2017, ________. A) total assets will remain unchanged B) total assets will decrease C) total liabilities will decrease D) total equity will decrease
Which of the following relationships BEST describes a general agency?
A. A broker working for a buyer B. A broker working for a seller C. A broker working for an owner as a property manager D. A broker working for both a buyer and a seller in the same real estate transaction