You have contracted orally with Patty to buy some real estate on her behalf. The only

limitations are that she wants a vacant lot in a residential area for less than $100,000.

If you find
such a residential lot costing $85,000, what type of authority do you have to enter into this
transaction on Patty's behalf?
A) Express B) Implied C) Apparent D) Ratification

A

Business

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Keogh plans are special plans designed for corporations employing 100 or more employees.

a. true b. false

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A broker assumes title risk and usually takes physical custody of products

Indicate whether the statement is true or false

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