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ivolga24 [154]
3 years ago
14

The McColls have made an offer on a new home. The home is new construction and scheduled to be completed by the end of the year.

They provide a purchase deposit--a check in the amount of $40,000--to their agent, Suzette. Suzette, at the broker's direction, deposits the earnest money in the broker's trust fund account within two business days of receipt of the funds. Did Suzette follow the proper procedures?
A. No, the check should not have been cashed. If a check is used as an earnest money deposit, it is to be held until acceptance of the offer. The seller must also be informed the buyer's check is being held and not negotiated.B. Yes, Suzette deposited the earnest money in the broker's trust fund account as directed. She also deposited the check within three business days of receipt. Unless there were written instructions to hold the check until acceptance of the offer, the check may be cashed.C. No, Suzette needed to deposit the earnest money in the broker's trust fund account within two days of receipt, not necessarily two business days.D. Both A and C
Business
1 answer:
padilas [110]3 years ago
7 0

Answer: Yes, Suzette deposited the earnest money in the broker's trust fund account as directed. She also deposited the check within three business days of receipt. Unless there were written instructions to hold the check until acceptance of the offer, the check may be cashed

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Answer:

c. $500

Explanation:

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When contract are breached, the beneficiary has the right to gain back the amount promised.

If the beneficiary can get another option, the other party is obligated to pay the balance.

On this instance Nora had the chance to get a new job at $2,000 salary the balance is $2,500 - $2,000= $500. Since she rejected the job she is responsible for that loss.

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3 years ago
Lambert Manufacturing has $120,000 to invest in either Project A or Project B. The following data are available on these project
Angelina_Jolie [31]

Answer:

c. $74,450

Explanation:

The computation of the Net present value is shown below  

= Present value of all yearly cash inflows after applying discount factor + salvage value - initial investment  

where,  

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All yearly cash flows would be

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Refer to the PVIFA table

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Answer:

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195x6=1170, so he will have 1170 dollars in his college fund by senior year
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