All categories

1 year ago

If any dispute between the parties arises regarding the deposited escrow money, the sponsoring broker should?

Business

1 answer:

Ksivusya [100]1 year ago

6 0

The sponsoring broker should not release the money without a written release from both parties.

If there is any dispute between the parties arises regarding the deposit of Escrow money, the sponsoring broker should not release the money without a written release from both parties or both parties' assigned agents.

In the event a dispute arises over whether or not the earnest cash should be again (for instance, if the seller argues that the purchaser did not notify the seller in a well-timed manner of the cause to return out of the settlement), the escrow holder will hold to keep the earnest money till the dispute is resolved.

The two important factors for a legitimate sale escrow are a binding agreement/agreement between buyer and seller and the conditional shipping to an impartial third party of something of fee, as described, which generally consists of written gadgets of conveyance (provide deed) or encumbrance.

Learn more about Escrow here brainly.com/question/13165021

#SPJ4

You might be interested in

An application currently stores all its data on Amazon EBS Volumes. All EBS volumes must be backed up durably across multiple Av

rewona [7]

Answer:

A. Take regular EBS snapshots .

Explanation:

- $B$ is incorrect. It lacks durability of EBS volumes.

- $C$ is incorrect. ECT Instance stores are not durable.

- $D$ is incorrect. Mirroring across EBS volumes is pargely inefficient.

-Since EBS snapshots only saves snapshots of the most recent device changes, a great deal of time and memory is saved. Also, only data unique to any particular snapshot is removed in cases of deletion.

5 0

3 years ago

Suppose a small business has sales of $15,000 this month, with future sales expected to grow by $1,600 each month. Costs consist

liraira [26]

Answer:

$8,220

Explanation:

According to the scenario, computation of the given data are as follow:-

This month Sales = $15,000

Growth expect in future sales per month = $1,600

Next Month Sales = Current Month Sales + Growth Expect In Future Sales Per Month

Variable Cost = Total Sale of Current Month × 40%

Gross Profit = Sales - Fixed Cost - Variable Cost

Per Month Gross Profit

Particular Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7

Sales ($) 16,600 18,200 19,800 21,400 23,000 24,600 26,200

Less - Fixed cost($) 7,500 7,500 7,500 7,500 7,500 7,500 7,500

Less-Variable cost ($) 6,640 7,280 7,920 8,560 9,200 9,840 10,480

Gross profit ($) 2,460 3,420 4,380 5,340 6,300 7,260 8,220

Gross profit in a single 7 month from now = $8,220

7 0

3 years ago

Firms that hire outside consultants can reduce the impact of moral hazard by: A. hiring work on a fixed-fee basis B. monitoring

marishachu [46]

Answer: Option C

Explanation: Moral hazard refers to a situation when an individual starts taking unnecessary avoidable risks, knowing that the potential loss will be bore by someone else.

In the given case right option is C, as the most effective way to avoid moral hazard is to hire those consultants who have a good image in market of not shirking and performing their duties well.

4 0

3 years ago

Using the most reliable information available, how much of the Earth's land surface is used for agriculture today? View Availabl

enot [183]

Answer:

The answer is: 30 to 40%, according to satellite imagery

Explanation:

Satellite imagery is the most reliable way to try to determine what percentage of the Earth's land is used for agriculture. First and most important, the world is huge and only satellites have the technology to take images of continents and differentiate what possible use is given to them.

Government's surveys and records are no very reliable since you would need to use information from all the governments in the world including democratic countries and nations with dictatorships.

4 0

3 years ago

_____is best described as the process of selling a prototype of a product in either a real or simulated market environment.

Ipatiy [6.2K]

Answer: Test marketing

Explanation:

6 0

2 years ago