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Question
Ben hires Cathy to sell Ben's land. Before the land is sold, Cathy discovers that there is a rich vein of gold in a hill on the property. Can Cathy consider the agency terminated?Answer
This answer is hidden. It contains 206 characters.
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d. all of the above.
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Fact Pattern 41-1
Adam, a director of Beta Computer Company, learns that a Beta engineer has developed a new, significantly faster computer chip. Adam buys Beta stock and tells his friend Cathy, who also buys Beta stock. When the new chip is announced three weeks later, Adam and Cathy sell their stock for a big profit.
Refer to Fact Pattern 41-1. Regarding Adam's profits on the purchase and sale of Beta stock, under Section 16(b) of the Securities Exchange Act of 1934 Beta may recapture
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Fact Pattern 41-1
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