Answer: True
Explanation:
US State Laws protect home buyers by requiring that home sellers disclose any and everything in the property that may reduce the value of the property.
They require that any repairs that need to be made and any defects that it may have be disclosed before the property is sold. This is particularly true for Texas.
If a property is sold wilfully with knowledge of these defects then the party selling is liable for fraud as well as a civil suit that the seller may bring against them. Selling the house under the condition ' As Is ' does not void these obligations either.
So yes, as Bob was aware of this issue and remained silent, he must pay $50,000 to Jill or fix the termite damage, even though the home is no longer his.
Answer:
Option (D) is correct.
Explanation:
The payback period is the amount of time required to get your investment back.
Shorter the payback period, the better it is for the investor.
Given that,
Useful life = 6 years
Copier cost = $7,740
Generate annual cash inflows = $2,150
Therefore,
Payback period = Initial investment ÷ Annual cash inflow
payback period = $7,740 ÷ $2,150
= 3.60 years
The mode is 50 the most frequent
Answer:
A $13,250.00
Explanation:
The formula for calculating balance at the end of a period using simple interest is as below.
A = P(1+rt)
A = final amount
P= principal amount which is $12500
r= interest rate 6% or 0.06
t = time which is 1 year
A = $12,500(1+0.06 x 1)
A = $12500 x1.06 x 1
=$12500 x 1.06
=$13,250
Answer:
Minsky Explanation
Explanation:
Based on the information provided within the question it can be said that the explanation that makes this statement is the Minsky Explanation. Which aside from arguing this, it basically states that reckless speculation is not able to sustain a bullish period and a sudden decline in market sentiment ultimately leads to a market crash every time.
