A buyer offers to purchase a home in Spokane for $200,000 and provides a $12,000 earnest money deposit. The seller accepts the buyer's offer. Later the buyer defaults. Without considering that the seller may owe a commission to his agent, how much is the seller entitled to keep?
A. Only 5% of the earnest money deposit
B. No more than $5,000 of the earnest money deposit
C. No more than $10,000 of the earnest money deposit
D. The entire $12,000 earnest money deposit
Answer: C. No more than $10,000 of the earnest money deposit
Business
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Taco Loco is unsure whether the amount of beef that their computer thinks is in inventory is correct. What is the range in values for beef inventory that would not affect the optimal product mix?
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