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natita [175]
3 years ago
12

A buyer and seller have entered into a contract for sale of a duplex. the buter defaults on the contract and the seller claims t

he escrow deposit per contractual agreement. What term applies to this situation?
Business
1 answer:
Lerok [7]3 years ago
8 0

Answer:

The answer is: Earnest money deposit (EMD)

Explanation:

An EMD or a good faith deposit is done in a real estate operation. Usually when the buyer doesn´t have all the money to buy the property they make a EMD when signing a sales contract. The EMD gives the buyer some time to get a loan, conduct the title search, a property appraisal and all the inspections necessary before closing the deal. The buyer gets his money back in case something goes wrong with the sell that isn´t his responsibility, i.e. the house has severe damage that was unnoticed until a further inspection was made. But when the sell isn´t carried out due to issues with the buyer, i.e. he couldn´t get his loan approved in time, then the buyer gets to keep the EMD. The contingencies must be stipulated in the contract, ether in favor of the buyer or the seller to establish in which cases a party can claim the EMD.

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When the housing market collapsed in 2007, the demand for loanable funds decreased and caused interest rates to decrease.
o-na [289]

It is False When the housing market collapsed in 2007, the demand for loanable funds decreased and caused interest rates to decrease.

Because Interest rates typically decline during recessions as loan demand slows, bond prices rise and the central bank eases monetary policy. During recent recessions, the Federal Reserve has cut short-term rates and eased credit access for municipal and corporate borrowers. No price in the economy is as important as the price of money. Interest rates arguably drive the business cycle of expansion and contraction.

Interest rate is the amount a lender charges a borrower and is a percentage of the principal the amount loaned.

Recession is a period when the business and industry of a country is not successful.

Corporate is formed into an association and endowed by law with the rights and liabilities of an individual.

To know  more about the Interest Rate here

brainly.com/question/13324776

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4 0
1 year ago
Suppose that the government of Ping's country hears of the working conditions and the country seizes the Quality Dragon plant wh
ella [17]

Answer: a. expropriation

Explanation:

Expropriation happens when privately owned property are forcefully taken by government for it to be used by the general public. It is an act of depriving people of their right to property, although expropriation is to the advantage of the general public. In most countries especially in the US expropriation occurs when there is a need to embark on certain infrastructural project such as airports, railroads, etc.

6 0
2 years ago
Berry Co. purchases a patent on January 1, 2021, for $33,000 and the patent has an expected useful life of five years with no re
Ghella [55]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Berry Co. purchases a patent on January 1, 2021, for $33,000 and the patent has an expected useful life of five years with no residual value.

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= 33,000/5= $6,600

4 0
3 years ago
Which question by a front desk clerk might guests consider as intrusive?
sergij07 [2.7K]

Answer: (E) Are you married

Explanation: if you look closley at all these questions you can see that if you were to check in to a hotel that all these things are appropriate to ask. But are you married is kind of personal to some people and it has to do nothing with checking in to a hotel

I hope i helped you you out a thank and a brainlist would be greatly appreciated :)

4 0
3 years ago
Read 2 more answers
Mr. Smith decides to feed his pet Doberman pinscher a combination of two dog foods. Each can of brand A contains units of​ prote
m_a_m_a [10]

Answer:

hello your question is incomplete below is the complete question

Mr. Smith decides to feed his pet Doberman pinscher a combination of two dog foods. Each can of brand A contains 3 units of protein, 1 unit of carbohydrates, and 2 units of fat and costs 80 cents. Each can of brand B contains 1 unit of protein, 1 unit of carbohydrates, and 6 units of fat and costs 50 cents. Mr. Smith feels that each day his dog should have at least 6 units of protein, 4 units of carbohydrates, and 12 units of fat. How many cans of each dog food should he give to his dog each day to provide the minimum requirements at the least cost? *Mr. Smith should give his dog ___ can(s) of brand A and ___ can(s) of brand B

<em>answer</em> : 1.5 cans of brand A and 1.5 cans of brand B

Explanation:

<u>Food A contains </u>:

3 units of protein , 1 unit of carbohydrates, 2 units of fat

cost of food A = 80 cents

<u>Food B contains :</u>

1 unit of protein , 1 unit of carbohydrates, 6 units of fat

cost of food B = 50 cents

<u>minimum ingredients required in the dog food daily </u>

6 units of protein , 4 units of carbohydrates, 12 units of fat

<em />

<em>In order to achieve the minimum/least cost of 195 cent. Mr. smith should give his dog 1.5 cans of Brand A and 1.5 can of brand B</em>

attached below is the detailed solution

7 0
2 years ago
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