Answer:
The answer is D, there are no requirements in the Illinois Real Estate License Act when a broker sells their property "For Sale by Owner"
Explanation:
Refering back to the question, every statement listed in the option of answers are correct except for D, because in respect to Illinois real estate, Licensees that that are issued licensed as a Managing Broker but are not the Managing Broker of the property with the IDFPR may not advertise themselves as a "Managing Broker" in all ads including business cards
Answer:
A) Ian's discovery of an injury caused by the opener
Explanation:
The statute of limitations for product liability sets the maximum time that the buyer has to present a legal claim against a manufacturer from the date that an injury happened. In this case, the statute of limitations is set at four years, so that means that Ian has four years after he (or someone else) suffered an injury when they were suing the garage opener.
Answer:
See explanation Section
Explanation:
See the following images to get the proper explanations and step-by-step answer.
Answer:
profit margin
Explanation:
There are two main earnings to sale ratios:
- Profit margin that is calculated by dividing net profit by total sales. Generally a 5% ratio is considered low, a 10% ratio is considered average, and a 20% ratio is considered high.
- EBITDA to sales ratio is calculated by dividing earnings before interest, tax, depreciation and amortization (EBITDA) by total sales. It shows the ratio of earnings after operating expenses and it excludes the capital structure of the company. The use of this ratio is more limited than profit margin, but it can show us important information by excluding non-controllable factors like taxes, interests, etc.
Answer:
A reasonable mitigation of damages.
Explanation:
Chef Noble breached the contract with farmer Elvin, and therefore, farmer Elvin is entitled to sue chef noble and seek compensatory damages for the money that he might have lost due to this contract breach. But it is reasonable for farmer Elvin to try to lower the damages suffered by selling the potatoes to other clients even if these clients do not pay the normal contract price for the merchandise. In the event of a lawsuit, this action will even benefit chef Noble since the damages will be smaller and the court will probably require him to pay a lower amount of money.
