The True Statement about Rescission is : If a party to a contract choses rescission as a remedy, that party cannot also make a claim for damages.
To Find the True Statement amongst all other option , we need to know more about Rescission.
<h3>
What is Rescission ?</h3>
The act of rescinding; the cancellation of a contract and the return of the parties to the positions they would have had if the contract had not been made. “recission may be brought about by decree or by mutual consent”
In contract law, rescission is an equitable remedy which allows a contractual party to cancel the contract. Parties may rescind if they are the victims of a vitiating factor, such as misrepresentation, mistake, duress, or undue influence. Rescission is the unwinding of a transaction. This is done to bring the parties, as far as possible, back to the position in which they were before they entered into a contract.
If the misrepresentation is fraudulent or negligent the court can award damages and rescind the contract, although where negligent misrepresentation occurs the court does have discretion to award damages in lieu of rescission.
Thus, we can conclude that the statement that Rescission is happens If a party to a contract choses rescission as a remedy, that party cannot also make a claim for damages.
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Answer:
$6.1 million
Explanation:
The computation of the cash flows from investing activities is shown below:
Cash flows from investing activities
Proceeds from sale of equipment $11.6 million
Acquisition of building for cash -$11.5 million
Purchase of marketable securities (not a cash equivalent) -$14.0 million
Collection of note receivable with interest $20 million
Net cash flow from financing actives $6.1 million
The negative sign shows the outflow of cash and the positive sign reflects the inflow of cash and we did the same in above computation part
Answer:
Only Borrow What You Can Afford. Jose Luis Pelaez / Getty Images. ...
Use Only a Small Amount of the Credit You Have Available. People Images / Getty Images. ...
Start With Only One Credit Card. ...
Pay Your Credit Card Balance in Full. ...
Make All Your Payments on Time. ...
If You Carry a Balance, Do It the Right Way. ...
Let Your Accounts Age.
Explanation:
The answer is:
1. The term is shorter than for traditional mortgages.
3. A large payment is due at the end of the term.
in balloon payment mortgages, the buyers would had to pay considerably small amount before the mortgage is due. At the end of the term, the amount of mortgage is fully amortized and leave a huge sum for the final payment. (just like a balloon that start small and keep getting bigger as it pumped). This type of mortgage is very common in commercial properties.
<h3><u>Answer</u>;</h3>
A capital resource
<h3><u>Explanation</u>;</h3>
- Economic resources are the factors used in producing goods or providing services. That is, they are the inputs that are used to create things or help an individual to provide services.
- <em><u>Economic resources can be divided into human resources, such as labor and management, and nonhuman resources, such as land, capital goods, financial resources, and technology. There are four types, namely; capital, labor, land, and entrepreneurship.</u></em>
- <em><u>Capital resources are those resources that are used to manufacture other goods and services in future.</u></em>