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Leokris [45]
3 years ago
10

When a buyer acquires a property having an existing mortgage loan, a decision must be made as to whether or not the subsequent o

wner of the property can preserve the loan. If the buyer does not add his or her signature to the note, the buyer does not take on any personal liability. In this case, the buyer is said to:
Business
1 answer:
alukav5142 [94]3 years ago
6 0

Answer:

buyer is said to purchase the property subject to the existing loan

Explanation:

Based on the information provided in the question with regards to the situation at hand, it can be said that in this case the buyer is said to purchase the property subject to the existing loan. This basically means that the buyer is not accepting the recurring mortgage payments, which usually means that the unpaid balance will be included in the final purchasing price of the property.

If you have any more questions feel free to ask away at Brainly.

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The owner and a property manager sign a property management agreement. The property manager advertises the property, shows the r
Alex787 [66]

Answer:

Has failed his fiduciary duties and is responsible for any losses in value the owner has suffered.

Explanation:

In the above case, the manager has failed to maintain the units in proper working order and the property declines in value which is of a negative effect to the property owner.

In this case, the tenant has the option of hiring an outside party to make the necessary repairs. The tenant should do that in good faith and should be reasonable in choosing who to make the repairs. This cost will probably be deducted from their next rent check.

Also, if the problem violates state or local building or health codes, a tenant may decide to contact the local authorities regarding the issue. If inspectors come out and find the problem, the landlord may face an order to fix the problem, plus possible fines and/or penalties.

8 0
3 years ago
For a business, profit can be defined as
liq [111]

Answer:

C

Explanation:

The total revenues from buyers and stock holders.

3 0
4 years ago
The costs incurred by a business in an effort to avoid bankruptcy are classified as _____ costs. Flotation Direct bankruptcy Ind
poizon [28]

Answer:

The correct answer is indirect bankruptcy costs.

Explanation:

Indirect costs are considered to be damage to the image and reputation of the company, lost investment opportunities, credit restrictions, conflicts with suppliers, loss of sales, conflicts with workers. Indirect costs are usually much higher than direct costs.

6 0
4 years ago
A customer places an order to buy 1,000 shares of a stock at $40. The registered representative enters the order. After executio
tatiyna

Answer: C. II and III

Explanation:

The customer ordered for 1,000 shares of a stock at $40 and so this is what the registered representative should give the customer. As such, if in the first place the order was possible to be done, then it will have to be done now and the registered representative's firm are obligated to provide the amount in question.

Any costs associated with filling the remaining 900 share order is the responsibility of the firm and not of the customer as they made the error not the customer.

3 0
3 years ago
How much money does an employee working for a salary of 50,000 per year get paid each month
zhenek [66]
Divide 50,000 by 12 to get 4,166.67
8 0
3 years ago
Read 2 more answers
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