On March 15, Smith listed his home for three month with an agency, to be...
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On March 15, Smith listed his home for three month with an agency, to be exclusively handled by Broker Brown. On March 25, Smith filed for and received Chapter 7 bankruptcy. On April 1, Broker Brown found a buyer who ready, willing, and able to purchase the home. Can Broker Brown claim a commission from Smith?
a. Yes, even if the bankruptcy court denies it.
b. Yes, because there was an executory contract.
c. No, because the executory contract was terminated before they buyer was procured.
d. No, because Broker Brown is not preferred creditor.
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