Answer: option C) cyclical unemployment.
An economical cycle includes shrinking and expansion. During shrinking the unemployment increases. Then this lost of job obeys to a state of cyclical unemployment.
Lisa lives next to a vacant plot that belongs to Carol. Carol has never visited the plot in the last 20 years during which period, Lisa has taken care of it by fencing the plot and mowing the grass. if this continues, Lisa will be able to claim ownership of land based on adverse possession.
Adverse possession, every so often colloquially described as "squatter's rights", is a criminal principle in the Anglo-American not unusual law below which a person who does no longer have criminal title to a chunk of assets generally land (real assets) may additionally accumulate prison possession based on continuous ownership or occupation of the property without the permission of its prison owner. The ownership by means of a person is not unfavorable if they may be in ownership as a tenant or licensee of the felony proprietor.
What's the rule of thumb of adverse possession?
It was determined: “adverse possession lets in a trespasser – a person guilty of a tort, or maybe a crime, in the attention of the regulation – to advantage felony title to land which he has illegally possessed for 12 years.
What are the necessities of adverse possession?
Someone who claims adverse possession have to show: (a) On what date he got here into possession, (b) What became the character of his ownership, (c) Whether the factum of possession become regarded to the opposite party. (d) How lengthy his ownership has persevered, and (e) His possession became open and undisturbed.
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The appropriate response is legitimate power. Legitimate power will be the power you get from your formal position or office held in the association's progressive system of an expert. For instance, the leader of a company has certain forces in view of the workplace he holds in the enterprise.
Answer:
Real estate short sale
Explanation:
Real estate is defined as a piece of land and any attached property that is constructed on it.
In real estate business a real estate short sale occurs when the person that owns a property decides to sell the property at a price that is less than the amount on the mortgage.
This usually occurs as a result of financial distress of the owner.
In the given scenario the property has a mortgage value of $150,000 and down payment of $30,000 has been made.
The mortgage amount is now $150,000 - $30,000 = $120,000
However they now sell the property for $115,000 which is less than the remaining mortgage value of $120,000.
This is and example of real estate short sale.
Answer:
Option B is correct.
<u>A horizontal line</u>
Explanation:
Then for m > 2 , the income offer curve would be a horizontal line.
Income offer curve define as the curve which depicts the optimal choice of two goods at different levels of income at constant price. It is otherwise known as "Income Expansion Path"
