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Flashcards in Brokerage Relationships Deck (2)
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1
Q

OLDCAR

A
Basic Agent duties owed to a principal after presenting the pamphlet
Obedience
Loyalty
Disclosure 
Confidentiality 
Accounting 
Reasonable skill and care
2
Q

Caveat emptor

A

The seller has no disclosure of information obligation to the buyer beyond avoiding intentional fraud including misrepresentation
Places burden on buyer