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Darina [25.2K]
3 years ago
9

A home improvement company was negotiating with a home owner to add two rooms onto a home. The company agreed to take a second m

ortgage as long as the homeowner also included the rest of the property in the loan. The company and the homeowner agreed to a price and the company provided the necessary disclosure form on Monday and the homeowner signed the agreement at noon the following day. Assuming that the week had five business days, until what time could the homeowner rescind the loan?
A: Tuesday, midnight
B: Thursday, midnight
C: Friday, midnight
D: There is no rescission on a house.
Business
2 answers:
Elina [12.6K]3 years ago
8 0

Answer:

Friday, midnight

Explanation:

According to federal law the right of rescission applies only to the refinancing of a mortgage. These laws do not apply to the purchase of a new home. If a borrower has the intentiom to cancel a loan, he must do so at the latest at midnight of the third day , that is once the completion of the refinancing, including having received a mandatory Truth in Lending disclosure from the lender and two copies of a notice advising him of his right to rescind. this case,

The loan documents were signed a Tuesday, the borrower has until Friday, midnight to cancel transaction. This is his/her right to rescission.

monitta3 years ago
3 0

Answer:

C) Friday, midnight

Explanation:

In this case, the homeowner is considered a borrower, and federal law gives borrowers three full business days after signing mortgage documents to rescind any loan. Since the loan documents were signed a Tuesday, the borrower has until Friday, midnight to cancel any deal (3 days = Wednesday, Thursday and Friday).

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natali 33 [55]

Answer:

E.

Explanation:

The information system is very important in business processes because help managers in efficient decision making to achieve the organizational goals.

An organization will be able to survive and thrive in a highly competitive enviroment on the strength of a well desing information system.

Helps in making right decisions at the right time, or just in time. A good information system may be utilized by managers in unusual situations.

It is viewed as a process, it can be integrated to formulate a strategy of action or operation.

8 0
3 years ago
A U.S. firm sells merchandise today to a British company for £150,000. The current exchange rate is $1.55/£ , the account is pay
Andre45 [30]

Answer:

b

Explanation:

4 0
3 years ago
What type of bond guarantees that a construction contractor will enter into a contract?
Artemon [7]

Bid bond guarantees that a construction contractor will enter into a contract.

Given that bond guarantees that a construction contractor will enter into a contract.

We are required to give the name of the bond that guarantees that a construction contractor will enter into a contract.

The name of the bond that will gurantee that a construction contractor will enter into a contract is bid bond.

A bid bond basically provides a guarantee that a winning bidder will take up the contract as per the terms at which they bid. A bid bond ensures a compensation to the bond owner if the bidder fails to begin a project. Bid bonds are basically often used in construction jobs or other projects that follow a similar bid-based selection process.

Hence bid bond guarantees that a construction contractor will enter into a contract.

Learn more about bid bond at brainly.com/question/26907335

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8 0
1 year ago
Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation
skelet666 [1.2K]

Answer:

1. The stand-alone price for installation service using adjusted market assessment is $180

2. The stand-alone price for installation service using expected cost plus margin is $182

3. The stand-alone price for installation service using residual is $182

Explanation:

1. According to the given data the market price at which similar vendors charge installation service should be taken as the stand-alone price which is $180

Therefore, The stand-alone price for installation service using adjusted market assessment is $180

2. The stand-alone price of the installation service using expected cost plus margin would be a follows:

Stan−alone price=Estimated Cost+Estimated margin

=$130+(40%×$130)

=$182

Therefore, The stand-alone price for installation service using expected cost plus margin is $182

3. The stand-alone price of the installation service using residual would be a follows:

Stand−alone price=Total transaction price−Stand−alone price for T.V−

−Stand−alone price for compensation and other costs

=$2,020−$1,810−$130

=$80

Therefore, The stand-alone price for installation service using residual is $182

8 0
3 years ago
In order to open a car wash, Aamina decides to obtain funds through debt financing. which if the following ways can she pursue t
Veseljchak [2.6K]

Answer:

d. through bonds

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Debt financing is a way of raising money by selling debt instruments to investors such as bills, notes or bonds. The company will pay back the debt instrument with some interest after a certain time. Debt financing is the opposite of equity financing where the company selling stocks and share ownership of the business.

8 0
3 years ago
Read 2 more answers
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