Answer:
The buyer could not rescind the contract.
Since there was no deceit on the part of the seller, the buyer should have taken reasonable care, according to the doctrine of caveat emptor, before concluding the contract. This would have forced him to undertake a soil test to determine its suitability.
Some questions to ask the buyer are: did he communicate with the seller about the suitability of the property for a residential house?
Can the buyer prove that he was reasonably induced to make the contract because it was difficult to discover the unsuitability? This is not the case.
Was the buyer induced by the seller's assurances of no defects? The seller was not aware of the stability hazard of the soil, so he could not have assured the buyer of no defects.
Did the buyer discover the defects within a reasonable time? This was not likely.
Explanation:
Under Article 2 of the Uniform Commercial Code, for a buyer to revoke or rescind, "he must show (1) the goods failed to conform to the contract and (2) it substantially impaired the value of the goods (this is a question of fact).
"
The buyer can rescind the contract if he can show he accepted the property knowing that the seller would cure it and this did not happen.
Answer:
To have a high credit score, you must have been consistent with your debt repayment since you started taking loans.
Your friend would therefore be incorrect in assuming that all those who did not miss a payment in one single year will all high credit scores because your friend is not taking into account the previous years.
Some of those people might have delayed or defaulted on previous loans for one reason or the other but were able to keep up with new payments in 2015. Whilst this would improve their credit score, it would still be low as a result of the actions of the previous years that decreased it.
Answer:
C. $250
Explanation:
The LIFO stands for Last in first out. It means the last units are first sold and the remaining units are later sold
We know that
Sales for the year = 135 units
Closing inventory = 5 units
The 135 units is sold from 85 units at $30 and 35 units at $40 and 15 units at $50
So, for 5 units, the closing inventory would be
= 5 units × $50
= $250
Answer:
False
Explanation:
The Fair Credit Billing Act provides consumers protection from billing inaccuracies that might happen with a credit card account.
This is false statement as according to this act, if you get the monthly bill recording that fee and you find unofficial charges or mistakes in the date or amount of a charge, you are not bound to pay it and even you can dispute the charge to have it canceled by sending a letter to the creditor within 60 days of the first inaccurate bill you received to dispute a charge.
A proportional tax, because it is a percentage of a total paycheck
