An Offer Contains a Statement That: "The Agent, for Procuring

question 38

True/False

An offer contains a statement that: "the agent, for procuring this offer, will be paid by the vendor on the date fixed for completion of this sale, a commission of 6% of an amount equal to the above-mentioned sale price." This places the vendor in a materially better position than an offer which contains a statement that: "the agent, for procuring this offer, will be paid by the vendor on completion of this sale, a commission of 6% of the sale price."

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Definitions:

Displacement

In physics, the movement of an object from one position to another or the volume displaced by an object in a fluid.

Business Conditions

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Defense Mechanism

Psychological strategies unconsciously used to protect a person from anxiety arising from unacceptable thoughts or feelings.

Regression

A statistical method used to model and analyze the relationship between a dependent variable and one or more independent variables.