1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
WITCHER [35]
1 year ago
7

bart and claire are under contract for claire to buy bart's house, but her financing fell through. they decide to cancel the con

tract just as if it never happened. which termination method does this describe?
Business
1 answer:
denis23 [38]1 year ago
5 0

Rescission termination method is described as they decide to cancel the contract just as if it never happened.

<h3>What is termination method?</h3>

Termination is defined as the manner in which the connector is attached to the cable or wire. An essential component of using and choosing connections is the appropriate selection of termination techniques and use of termination technologies.

Rescission termination method is defined as a legal remedy that enables a party to a contract to break it. The process of rescinding a transaction. This is carried out in an effort to return the parties to their pre-contractual state as closely as feasible.

Thus, rescission termination method is described as they decide to cancel the contract just as if it never happened.

To learn more about termination method, refer to the link below:

brainly.com/question/14670135

#SPJ1

You might be interested in
Mountain High Ice Cream Company transferred $68,000 of accounts receivable to the Prudential Bank. The transfer was made without
Maurinko [17]

Answer:

Dr Cash $59,840

Dr Loss on Sale of Receivables $8,160

Dr Recievable from Factor $5,800

Cr Recourse liability $5,800

Cr Accounts Receivable $68,000

Explanation:

Preparation of the journal entry to record the transfer on the books of Mountain High assuming that the sale criteria are met.

Dr Cash $59,840

[(68,000 x .90) - (68,000 x .02)]

Dr Loss on Sale of Receivables $8,160

[(5,800 + 68,000) - ($59,840 + 5,800)]

Dr Recievable from Factor $5,800

Cr Recourse liability $5,800

($59,840+$8,160+5800-68,000)

Cr Accounts Receivable $68,000

(To record the transfer on the books of Mountain High)

Dr Loss on Sale of Rec = (5,800 + 68,000) - ($59,840 + 5,800) = $8,160

73,800-65650

7 0
3 years ago
Fund P has one-third of its funds invested in each of the three stocks. The risk-free rate is 4.5%, and the market is in equilib
seraphim [82]

The market risk premium of Fund P will be 5.5%.

<h3>How to calculate the market risk premium?</h3>

It should be noted that as per CAPM, the return in stock will be:

= Risk free rate + Beta × Market risk premium

8.90% = 4.5% + 0.8 × Market risk premium.

Market risk premium = 5.5%

In conclusion, the market risk premium of Fund P will be 5.5%.

Learn more about market risk premium on:

brainly.com/question/17135853

3 0
2 years ago
What is job description​
Sphinxa [80]
When someone is looking to hire someone for a job online or on a poster they will add a job description it gives a brief overview of what the job entails
3 0
3 years ago
Suppose that real GDP is currently $ 13.8 trillion and potential real GDP is $ 14.0 trillion, or a gap of $ 200 billion. The gov
MAXImum [283]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

5 0
3 years ago
Which of the following is a current asset?
Rashid [163]

Answer:

<u>C. debtors</u>

Explanation:

  • It is a current asset as it is envisioned to bring in profit within a fixed period of time
  • If you have debtors owing you money, then it is rightly considered a current asset
4 0
2 years ago
Other questions:
  • Your credit at a bank is based on your ability to pay back a loan.
    12·2 answers
  • In cell g5, construct a formula to calculate the percent of total by dividing the annual total for salaries and benefits by the
    13·1 answer
  • Devonshire, Inc. sold merchandise inventory on account at a price of $6,000 with payment terms of 2/10, n/30. The merchandise co
    9·2 answers
  • Which of the following is NOT something that can be gleaned from a company's SWOT? How to improve a company's strategy by using
    7·1 answer
  • XYZ Equipment, a firm that produces manufacturing equipment for various industries, experiences an influx of new sales employees
    15·1 answer
  • No variable overhead is incurred or budgeted. The expected cash balance at the end of the current year is $3,500. Disbursements
    8·1 answer
  • Look at the pic. Help me pls.
    5·1 answer
  • actor Co. can produce a unit of product for the following costs: Direct material $ 8.60 Direct labor 24.60 Overhead 43.00 Total
    10·1 answer
  • A builder and a wealthy landowner entered into a written contract whereby the builder would build on the grounds of the landowne
    8·1 answer
  • Two years ago, you bought a property for $264,500. Values increased in that area by 5% the first year and 7% the second year. Ho
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!