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sladkih [1.3K]
3 years ago
12

For some reason, the seller of a home at 123 Mulberry Lane decided not to close on a sale transaction on closing day. The seller

called the title company and told them she would not close the transaction but would not say why. The buyer has a moving truck, already loaded with his things, sitting in front of the home, waiting for possession of the new property. Since the seller refuses to close, what can the buyer do?
Business
1 answer:
Mumz [18]3 years ago
3 0

Answer:

The buyer can sue for specific performance of the contract. In real estate, in order for the buyer to be able to sue for specific performance, he/she must have all the money (or mortgage) ready to finish the transaction. It is very difficult for someone to sue for damages for not wanting to complete the sale of a house because houses are unique in a way that similar houses in different neighborhoods or even streets might be worth a lot more or less.

When you sue for specific performance, the non-breaching party will request that the other party performs their side of the contract.

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Lyons Company deducts insurance expense of $210,000 for tax purposes in 2021, but the expense is not yet recognized for accounti
Goryan [66]

Answer:

$42,000

Explanation:

Deferred tax liability can be defined as the tax liability which has been due for the current period but has not yet been paid such as installment sales receivable.

Insurance expense of $210,000

Tax rate of 20%

( $210,000 × .20 )

=$42,000

Therefore the amount of the deferred tax liability at the end of 2021 will be $42,000

6 0
3 years ago
An electronic ________ is essentially a collection of personal computers networked together with sophisticated software tools to
Lorico [155]

Answer:

The correct answer is letter "E": meeting system.

Explanation:

An Electronic Meeting System (EMS) is a form of a networking-based group in which its members are connected through computers so they collectively can take decisions, solve problems, discuss over certain topics, and provide anonymous valuable feedback. EMS is used as a meeting platform for large entities with centralized decision-making but a presence in different regions around the world.

<em>EMS disadvantage is relying on different internet connections for the meeting. If one of them is not stable the meeting is likely to be interrupted frequently.</em>

3 0
3 years ago
An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labour to produce its total output of 640 u
arlik [135]

Answer:

B) $.10.

Explanation:

All the cost used in the production process is called production cost.

Capital cost = Units x Cost per unit = 2 x $10 = $20

Raw Material cost = Units x Cost per unit = 5 x $4 = $20

Labor cost = Units x Cost per unit = 8 x $3 = $24

Total Cost = Capital cost + Raw Material cost + Labor cost

Total Cost = $20 + $20 + $24 = $64

Cost per unit = Total cost /  Number of units = $64 / 640 = $0.10

6 0
3 years ago
Stocks X and Y have the following data. Assuming the stock market is efficient and the stocks are in equilibrium, which of the f
Lapatulllka [165]

Answer:

B. One year from now, Stock X's price is expected to be higher than Stock Y's price.

Explanation:

Hope it helped...Please mark brainliest. Have a nice day!

7 0
2 years ago
The industry that is the most recent target of deregulation is the
Ksju [112]

The industry that is the most recent target of deregulation is the "electric utility industry".

Electric deregulation is the way toward changing tenets and directions that control the electric industry to give clients the decision of power providers who are either retailers or dealers by permitting competition. Deregulation gives purchasers a choice with regards to their energy provider.

7 0
3 years ago
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