The fact is the question that caused the lawyers and the clients to enter the legal system
Indicate whether the statement is true or false
FALSE
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A man listed his property with Broker White. The listing said, "Seller to receive no more than 23% down payment." The broker brought the owner an all cash offer which the owner rejected. Broker White is entitled to:
A: A full commission; B: Half of his commission because the offer was reasonable; C: His verifiable expenses; D: No commission.
The value of a home is $50,000, and the homeowner policy covering it contains an 80% coinsurance clause. Assume the home is insured for $30,000 and a $12,000 loss occurs
How much will the insured recover? (Ignore the ACV calculation and assume there is no fraud or other unusual circumstances surrounding the loss.) A) $12,000 B) $9,000 C) $16,000 D) The answer cannot be determined by the facts given.