Thomas Gilbert is an employee at Hazard Escrow. Ralph Dinkins, an attorney, has been using Hazard for closings on a large number of properties he has been selling to limited partnerships he has created. Because he has been using different names for selling the property, the notarized acknowledgments on the deeds were a problem. Dinkins has been giving Gilbert $750 per closing to notarize the signatures. Dinkins' limited partnerships turn out to be frauds. The limited partners wish to recover from Hazard Escrow.
A) Hazard is liable for the fiduciary breach by Gilbert.
B) Hazard is not liable because notarizing is not an escrow agent's responsibility.
C) Hazard is not liable unless the closings were flawed.
D) Hazard is not liable because Gilbert took money on the side.
Correct Answer:
Verified
Q68: The buyer's information handbook:
A) Contains a lay
Q69: Which of the following is not in
Q70: RESPA applies to:
A) All commercial mortgages.
B) All
Q71: Karen Kimball is a clerk in the
Q72: First United American Title is the escrow
Q74: Cora Roth received her GFE for closing
Q75: Michael Reaburn sells homeowners' insurance policies. His
Q76: What agency is responsible for enforcement of
Q77: Ann Nielson is closing on her purchase
Q78: The USA Patriot Act:
A) Does not apply
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents