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Mademuasel [1]
2 years ago
12

Which statement is TRUE regarding a special warranty deed? A) The grantor's warranties are limited to the time the grantor owned

the property.
Business
1 answer:
iren [92.7K]2 years ago
6 0

The statement that is TRUE regarding a special warranty deed is option A The grantor's warranties are limited to the time the grantor owned the property.

<h3>What is a special warranty deed?</h3>

A special warranty deed is a deed to real estate where the grantor warrants only against anything that occurred during their physical ownership. In other words, the grantor does not guarantee against any defects before they took possession of the property.

Therefore, the correct answer is option A. The grantor's warranties are limited to the time the grantor owned the property.

The complete question goes thus:

Which of the following is TRUE regarding a special warranty deed?

A. The grantor's warranties are limited to the time the grantor owned the property.

B. The grantor retains an ownership interest in the property.

C. The grantor is warranting that no undisclosed encumbrances exist against the property.

D. A grantor makes additional warranties beyond those given in a general warranty deed.

learn more about warranty deed: brainly.com/question/12981692

#SPJ1

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On the date of purchase, Skywalker's inventory and buildings and equipment had fair values of $255,000 and $870,000, respectivel
Whitepunk [10]

Answer:

Inventory to be shown in balance sheet = $955000

<u>Explanation:</u>

According to the given data:

Fair value of Skywalker’s inventory = $255000

Fair value of Skywalker’s buildings and equipment is = $870000

Calculation of amount to be reported for inventory in consolidated balance sheet is as follows:

Inventory = ($700000 + $255000)

              = $955000

Note: Inventory of parent company and subsidiary company is to be added in preparing consolidated balance sheet

7 0
3 years ago
Inflation can decrease _____, which reduces the amount of goods and services a person can afford
PtichkaEL [24]
Inflation is the situation in which the same amount of money is worth less- meaning that it will have less purchasing power (so one can buy less for 100 dollars now than 10 years ago) - the correct answer is "purchasing power". Lower purchasing power reduces the number of goods that people can afford.
7 0
3 years ago
Read 2 more answers
A cartel is a type of found in many countries. It is an agreement in which businesses agree not to with each other. Unlike many
lubasha [3.4K]

Answer:

C. They tend to produce thing with the same characteristics. Examples would include diamonds and oil.

Explanation:

A cartel is an organization established with a formal agreement between a group of producers of a good or service to regulate supply in order to regulate or manipulate prices.

In another parlance, a cartel is a collection of independent businesses or countries that act together as a single producer and thus fix prices for the goods they produce and the services they render, without competition.

An example of a cartel is The Organization of Petroleum Exporting Countries (OPEC). OPEC is the world's largest cartel. It is a group of 14 oil-producing countries whose purpose is to coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets.

3 0
3 years ago
Tax return preparers may generally rely on a client's representations to prepare the client's tax return without verification un
mamaluj [8]

Answer:

the information seems incorrect, inconsistent, or incomplete.

Explanation:

An effective system of affidavits can play an important role in promoting integrity, transparency and accountability. Depending on its design, the declaration forms can be used to detect illicit enrichment or to determine if the decision of a public servant has been compromised by a private interest, such as being a previous or external job, being a member of a council or Similary. The declaration system is a component of the integrity system of a country that supports the process of building a culture of integrity and reinforces accountability

A system of affidavits can play an important role in promoting integrity, transparency and accountability. Depending on their design, they can be used to detect illicit enrichment or to determine if the decision of a public servant has been compromised by a private interest, such as being a previous or external job, being a member of a council or similar. The declaration system is a component of the integrity system that supports the process of building a culture of integrity and reinforces accountability.

In addition, by making public the affidavits, the government shows its commitment to transparency and allows social control, adding a new instance of scrutiny.

It can usually be done through a client that you choose and represent, but there is no excess of the problems that you may have in case of having bad skin. That is why it is always recommended to verify and even more when the numbers seem incorrect, erroneous or incomplete.

7 0
3 years ago
How much control does the government exert over businesses in a command economy, and what are some of the associated risks and d
siniylev [52]

The government has total control in a command economy, all production, investment, prices and incomes are determined by the government. A command economy is also known as a communist society because business owners do not have any control over their businesses. In a command economy, there are risks/disadvantages of running operations this way because there is a lack of competition and efficiency. When the government controls everything, there is less competition because pricing is set by the government. There is also less efficiency due to them waiting on the government to make their decisions.

5 0
3 years ago
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