Answer:
c. It reverts back to C
Explanation:
Grantor C conveys a large house and land to his daughter and son-in-law to be theirs as long as they are married. One year later they are divorced, The property is reverted back to C that is the Grantor. The property is neither given to the daughter nor to the son-in-law. This according to the American court law.
Answer:Yes, because even if you have money you will never be able to satisfy all of your wants and must therefore make choices.
Explanation:
Economists say our "want " exceeds our "have" nomatter what the state of economy we find ourselves in but what we want always exceed what we have.
We may accumulate the greatest riches of this world but still we may even desire and want to buy another planet hypothetically speaking.
We are always craving for more than what we have no matter how large or huge what we have is but still our hearts yearns for more than that.
The more wealth we accumulate the more our desires increase because we keep wanting the next thing that is better than what we already have.
They will remit in $1200 to the seller.
<h3>Credit Sales</h3>
Credit sales are transactions in which the debt will be paid in full at a later time. In other words, credit sales are transactions when the consumer does not pay in whole, in cash, at the time of the transaction.
Cash sales, credit sales, and advance payment sales are the three basic types of sales transactions. The timing of when cash is received is the only distinction between these sales transactions.
1. Sales made in cash: When a transaction is made and the customer receives their goods or services, cash is collected.
2. Credit sales: After the sale is made, the customer has a certain amount of time to pay the vendor.
3. Sales involving advance payments: Buyers pay the vendor in full before closing the deal.
Learn more about Credit Sales here:
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Answer:
The correct answer is: increase, depend on the extent of change in demand and supply.
Explanation:
Suppose that the convection ovens are a normal good. A decrease in the income of the households will cause the demand for ovens to decrease. This will cause the demand curve to move to the left.
At the same time, a reduction in the cost of inputs for convection ovens will cause the cost of production to decline. As the cost of production gets reduced the supply will increase. This will cause the supply curve to shift to the right.
These changes in the demand and supply curve will cause a reduction in the equilibrium price level. Though the change in equilibrium quantity will depend upon the extent of change in demand and supply.
