If a buyer exercises the right to rescission, the time that the developer has to refund the buyer’s money is 45 or 60 days.
In settlement right to rescission has been described because of the unmaking of a settlement between parties. Rescission is the unwinding of a transaction. This is achieved to bring the parties, as far as viable, lower back to the location in which they have been earlier than they entered into a contract (the fame quo ante.
The right of rescission is a felony safety beneath the fact in Lending Act (TILA) that allows you to cancel positive mortgage agreements within 3 days without any monetary penalties.
The reason for rescission is to restore the status quo ante, ie the state of affairs present before the agreement was entered into. While an agreement moving to identify assets is rescinded, it typically has the effect of re-vesting any property so transferred to the transferor.
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Answer:
d. Both a and b are correct.
Explanation:
Under a market economy the agents are free in both ways, they can arrenge their decision in open negociation with their supplier/employeer and can choose between the goods produced in the economy which ones to consume or not.
While in a communist economy it is a central planner who decide the output and payment for the families job.
Answer:
1. $12
2. $8
Explanation:
1. At Break-Even, George's profit will be equal to their cost.
Revenue = Costs.
Variable costs are $9.
Fixed costs are $24,000
Quantity is 8,000 shirts
Let the Break-Even price be x.
8,000x = 24,000 + (9 * 8,000)
8,000x = 24,000 + 72,000
8,000x = 96,000
x = 96,000/8,000
= $12
2. At 50% more shirts. George's would be selling;
= 8,000 + 8,000(0.5)
= 12,000 shirts
New Break-Even Point will be;
12,000x = 24,000 + 72,000
12,000x = 96,000
x = 96,000/12,000
x = $8
If you sold a tangible asset you owned for $1,000 and used
the money to pay off your credit card balance for $1,000, then your net worth
would remain the same.
To add, the concept applicable to individuals and
businesses as a key measure of how much an entity is <span>worth is called net worth.</span>
The difference between a business revenues ans its expenses is known as its profits
