1. When a buyer is involved in a commercial transaction dealing with commercial real estate:

The escrow agent has a duty to disclose any serious defects

The buyer's agent has a duty to disclose any serious defects

None of the above

2. Two individuals own an undivided on-half interest in a tract of land. One of the individuals is a farmer and wants to grow corn so plants 100 acres. Which of the following is true?

The farmer needs to account to the co-owner for any profit

The farmer needs a court order to plant the corn

None of the above

3. A party forges Sally Jone's signature on a deed to Bob Smith. Bob Smith sells the property to John Sprite. Who holds title?

Jone since the forged signature is ineffective

Smith since the forged signature is ineffective

None of the above