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In-s [12.5K]
3 years ago
8

If the owner of a condominium defaults on his mortgage, the owners of the remaining units: become subject to foreclosure. must i

mmediately institute a suit to quiet title. must file an injunction against the defaulting owner. are not affected by the defaulting owner's actions.
Business
1 answer:
vladimir1956 [14]3 years ago
7 0

Answer:

Are not affected by the defaulting owner’s actions

Explanation:

In this particular question, we are trying to see what becomes of the remaining owners of a condominium if the owner defaults on his mortgage.

To answer this question properly, we need to understand and know what is meant by a Condominium. A condominium generally refers to a a particular building or a building complex with a number of individually owned apartments.

After this definition, we can clearly see that a condominium exists independently of the other owners. This means if you own a Condominium, it practically means you’re responsible for whatever contract that defines your ownership and in no particular way have any business with the other independent owners of other units. This is so because, they have their own guiding laws to deal with. Hence, whatever happens, everyone would be made to give account on whatever part of the properties he own with absolutely no reference to the properties of the other members

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functional representative

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A marketing research is most likely to serve as a functional representative in a new product development team.

Market research are conducted to know the viability of new goods and services in the market before it is launched. It is based on unbaised opinion of customers. It help the company to understand the target customer, pricing, other expectation of customer, which  is extremely important in designing and developing new product. Therefore, market research serve as functional representative.

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3 years ago
According to the classical economists, if the quantity of money that people wanted to save was greater than the amount that peop
boyakko [2]

Answer:

The correct answer that fills the gap is: Fall.

Explanation:

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The explanation of the paradox is because the total income of the population (Y) is equal to the sum of the income of its individuals. Since personal income can be used for consumption or savings, and that consumption forms an essential part of aggregate demand - which finances global income through income and wages - if the percentage of savings increases, logically consumption will decrease , so that aggregate demand will decrease further and, consequently, global income, which will cause personal income to fall. When personal income or income falls, each individual will have to dedicate a greater percentage of their income to save in order to continue saving the same in absolute terms. This will further reduce their consumption (already reduced by the fall in income) so that income will be even more reduced and so on to the point that some or many must use their savings in order to solve the decrease in income.

------

NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.

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3 years ago
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If government regulation sets the maximum price for a natural monopoly equal to its marginal cost, then the natural monopolist will earn economic losses. This is further explained below.

<h3>What is government regulation?</h3>

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Resembled to more developed countries, slight developed countries have a higher ratio of workers in the condition of goods and services the tertiary sector most individuals must produce food for their survival sector of the economizing.

<h3>What is the difference between a more developed country and a less developed country?</h3>

A developed country is a government that has a high level of automation and per capita income while a developing country is a country that is still in the early phases of industrial development and has a low per capita revenue.

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