Earnest money received in connection with a purchase offer must be: identified as to the type of funds in the Contract to Buy and Sell Real Estate. the type of funds approved by the seller in the Exclusive Right-to-Sell Listing Contract. delivered to the listing broker at the same time as the offer. deposited in an approved financial depository within one business day.

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.