Under the mailbox rule, the acceptance of an offer is effective at the time the acceptance is dispatched unless: A. both the offeror and offeree are merchants. B. the offer proposes a sale of real estate. C. the acceptance is not in the authorized mode of communication. D. the acceptance is lost or never reaches the offeror. QUESTION 12 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: A. nothing. B. a fee based on the actual hours spent. C. the commission agreed upon. D. out of pocket expenses only