Choose the One Most Appropriate Answer for Each

question 12

Multiple Choice

Choose the one most appropriate answer for each.
-one broker representing two or more parties in a transaction

• A)agent
• B)agency by estoppel
• C)boycotting
• D)buyer's broker
• E)commingling
• F)dual agency
• G)fiduciary relationship
• H)implied authority
• I)middleman
• J)ostensible authority
• K)price fixing
• L)principal
• M)property report
• N)puffing
• O)sales associate
• P)special agency
• Q)subagent
• R)third parties
• S)trust account
• T)universal agency

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Definitions:

Debtors

Individuals or entities that owe money to another entity, typically as a result of borrowing funds.

Business Owners

Individuals who legally possess a company, assume major risks, and enjoy the benefits from its operation and growth.

Inventories

Quantities of goods or materials that a company holds for the purpose of sale or production at a given time.

Recession

An appreciable fall in economic activities spread throughout the economy, continuing for longer than a few months, typically observed in real GDP, real income, employment, industrial production, and wholesale-retail sales.