Canvas

$20$

Multiple Choice $4$ points

Todd is a licensed real estate broker in Ohio. One of Todd's largest clients, Sun Corp., contracted in writing with Todd to find a purchaser for its plant in New York and agreed to pay him a $6\%$ commission if he was successful. Todd located a buyer who purchased the plant. Unknown to Todd, New York has a real estate broker's licensing statute which is regulatory in nature, intended to protect the public against unqualified persons. Todd violated the licensing statute by failing to obtain a New York license. If Sun refuses to pay Todd any commission and Todd brings an action against Sun, he will be entitled to recover:

nothing.

a fee based on the actual hours spent.

the commission agreed upon.

out of pocket expenses only.

Multiple Choice $4$ points

Which statement about the statute of frauds is true?

All contracts must be in writing to be enforced.

Contracts for the sale of goods must be in writing to be enforced.

Contracts for the sale of land must be in writing to be enforced

Employment contracts must be in writing to be enforced

$22$