The purchase price or appraised value, whichever is lower, is the correct option when considering loan-to-value ratio in mortgage lending
What does an 80% loan-to-value ratio mean?
The loan-to-value ratio means the percentage of the property worth that the borrower could receive as a loan from the financial institution, which means that the remaining percentage after having deducted the loan-to-value ratio from 100% would be financed by the borrower, which serves as a way to avoid default.
Ordinarily, the loan-to-value ratio is applied to the lower of the selling price or the appraised value of the property, but note that a selling price to one party is the purchase price to another, hence, option d is the most correct
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Answer:
Lessens; Less.
Explanation:
Porsche has enhanced power over buyers because its strong reputation makes buyers more willing to pay a premium price. This lessens rivalry, since buyers become less price-sensitive. This mostly happens in premium end product where customers want to pay as much brand want to charge, where customers are not much concerned about the other brands, they have to have the products of certain brands at any cost which lessens the rivalry because customers are very much less price sensitive. As we have seen here for Porsche, same is the case with Apple, where customers want to pay higher for its iPhone and McBooks.
The statement is True, as union contracts dictate many of the terms and conditions of the employment relationship and can influence both what must and can be included in a job offer.
<h3>What are Union contracts?</h3>
A union contracts is a type of written agreement between the employer and the employees which gives information about the details of terms and benefits in a clear and legal binding way. Employee benefits is one of the most crucial and important element of union contracts. The different types of benefits include health insurance, dental or vision insurance, pension and life insurance.
<h3>What are Labour Union Contracts?</h3>
Labour union contracts are different types of unilateral, bilateral, agreements between the labor union and the employer. Labour agreements are called Collective bargaining agreement. Labour union agreement consists of various components including detail agreements on wages, benefits, working schedule, The National Labour Acts govern the collective bargaining process.
To know more about Union Contracts, visit:
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Answer: No, because Mallory and Raghav are not bound by the contract.
Explanation: Being bound by a contract entails being linked to a written agreement, the breaching of which could result in consequences lying with the person who breached the contract. However when this contract was entered into, there was a clause that allowed the parties to cancel the contract at any time. When Mallory fired Raghav the contract was subsequently cancelled, making the contract null and void (non - existent). This means that Raghav is not entitled to the outstanding 10 months' salaries.
