Answer:
3 business days after notice of acceptance
Explanation:
Earnest money has to be deposited by the buyer within three business days of acceptance of contract.
Earnest money is about 1 - 5% of the price stated in the contract.
If the buyer fails to pay the rest of the money stated in the contract, the seller can keep the earnest money deposited. But if the contract is terminated because of some problem with the house or the seller, then earnest money should be returned to the buyer.
Answer:
b. At the signing of the contract
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent and it is at this point they (buyer and seller) sign the contract. Therefore, mutual assent connotes agreement, acceptance and consent to a contract by both parties.
<em>Hence, in most transactions, the buyer is accepting the condition of the property at the signing of the contract as an approval or consent to the terms and conditions. </em>
Answer:
TRUE
Explanation:
Network representatives add value for suppliers and clients alike. They balance the difference between buyers and sellers in terms of time, location, and ownership.
- Channel representatives collect demand and supply information to make the services available on the marketplace.
At a market level, product placement relates to the wide range of products available on the market and presentation of those items in such a manner as to generate curiosity and entice investors to make a buy.
FDR expected to restore the public confidence in banks once the banks are reopened because he initiated emergency suspension of all banks and made banking regulations and laws that made banks accountable and reliable.
President Franklin D. Roosevelt sought attempted to stabilise and regain public trust in the country's banking system.
The new president Franklin D. Roosevelt proclaimed a four-day banking holiday that shut down the financial sector, including the Federal Reserve. A few days after this action, the Emergency Banking Act was passed with the goal of restoring Americans' faith in banks when they reopened.
To know more about FDR's banking holiday here
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Answer:
Beginning projected benefit obligation = $90,000
Explanation:
Beginning projected benefit obligation = Interest cost / Discount rate
=$7,200 / 8%
=$7,200 / 0.08
=$90,000
