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nalin [4]
3 years ago
13

While a property is under a contract for deed, the seller, or vendor, mortgages her equity in the property, and has a separate j

udgment lien placed on the property. Faced with financial loss, the vendor assigns the contract to another party, then leaves town. What can the vendee do in this case?a. comply with the contract and take legal title when its terms are fulfilled.
b. rightfully cancel the agreement and reclaim all deposits.
c. sue the creditor for removal of the judgment lien.
d. disclaim the lien and the mortgage due to homestead rights.
Social Studies
1 answer:
8090 [49]3 years ago
8 0

The correct answer is A; Comply with the contract and take legal title when it's terms are fulfilled.

Further Explanation:

A contract for deed is another type of real estate deal that is used when the buyers can't get a traditional mortgage. The person who is selling the property will keep the deed/title in their name until the terms of the contract have been completely fulfilled.

These types of sales are usually done privately and contracts are made up online or from a local lawyer. The down payments may be lower than a normal home loan. In this case, the vendee must comply with the terms of the contract and then get the legal title after all the terms are fulfilled.

Learn more about contract deeds at brainly.com/question/14337258

#LearnwithBrainly

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How does the grain size change from slate to schist? how does the texture of phyllite differ from that of schist? why do you thi
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Schist is a medium grade sheet-like grain rock, whereas slate is hard and fine-grained rocks with a salty cleft that is caused by the formation of minerals as a result of the metamorphic of the grain ground rocks.

<h3><u>What is slate?</u></h3>
  • Through low-grade regional metamorphism, slate is transformed from an original shale-type sedimentary rock made of clay or volcanic ash into a fine-grained, foliated, homogenous metamorphic rock. It is the foliated metamorphic rock with the finest grain size.
  • Foliation may occur in planes that are not parallel to the direction of metamorphic compression and instead line up with the original sedimentary layers.
  • Slate's foliation is known as "slaty cleavage." Strong compression is what causes fine-grained clay flakes to grow back in planes perpendicular to the compression, which is what causes it.
  • Many slates exhibit a feature called fissility when carefully "cut" by striking parallel to the foliation, with a specialized tool in the quarry. This results in smooth flat sheets of stone that have long been used for roofing, floor tiles, and other purposes.

Because of its extremely tiny grain size and flat grains, phyllite has a particularly sparkly texture. The largest grain size is seen in schist. Schists are made up of scales, whereas phyllite has a foliated texture.

  • Muscovite and biotite are two minerals that are frequently found in micas and produce the parallel, extremely fine-grained flakes of rock that are seen in igneous rocks with feldspar and quartz.
  • Phyllite, schist, gneiss, and slate are the rocks with the lowest grades, respectively.

Know more about slate with the help of the given link:

brainly.com/question/14046954

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4 0
2 years ago
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<u>The correct answers are the following:</u>

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The exchange rate provides the amount of one currency that has to be provided (price) in order to obtain one unit of a different currency.

Exchange rates are mostly fixed by the forces of supply and demand, hence, depending on consumer needs and preferences and of their relative abudance or scarcity. Threfore, <u>the final exchange rate (price) reached in the market shows the strength of a currency against a foreign one. </u>

Moreover, demand and supply of currencies arise due to international commercial activities that require traders to exchange their money into a different currencies if they want to purchase/sell abroad. Therefore, <u>exchange rates (prices) reached are also dependent on spending patterns in the different countries, </u>more specifically on the streams of exports and imports.  

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