Your Uncle Is Planning to Sell His Second Home in Bethany

Multiple Choice

Your uncle is planning to sell his second home in Bethany Beach, Delaware in the next few weeks., You are interested in buying this beachside property, so your agent negotiates a price for the house with your uncle's agent. This transaction is an example of:

A) the cost principle.
B) the assumption of arm's-length transactions.
C) the realization principle.
D) the going concern assumption.