The type of deed that is used is called GENERAL WARRANTY.
General warranty is used to transfer property title to a buyer; it contains full warranty of title whereby the seller assures the buyer that the property is free and clear of any other claim.
True. They took a
gamble at the stocks and many borrowed money that could not returned as a
result, the market crashed and that led to the Great Depression where many
Americans began to struggle as jobs were cut and business were closed.
Answer:The Supremacy Clause of the Constitution of the United States (Article VI, Clause 2), establishes that the Constitution, federal laws made pursuant to it, and treaties made under its authority, constitute the "supreme Law of the Land", and thus take priority over any conflicting state laws.
Explanation:
Answer:
See below
Explanation:
Given the above information, first we'll compute net proceeds
Cash received $7,200,000 × 86%
$6,192,000
Add:
Due from factors $7,200,000 × 9%
$648,000
Less;
Recourse obligation
($5,000)
Net proceeds
$6,835,000
Answer:
Value added to the gallery will be $3000
So option (C) will be correct answer
Explanation:
We have given that Caroline sells her original painting for $1500 to an art gallery.
And after that her painting was sold to an art lover at cost of $4500
We have to find the value added to the gallery
Value added to the gallery will be equal to difference of price sold to the art lover and cost at which painting is sold to art gallery
So value added to gallery = $4500 - $1500 = $3000
So option (C) will be correct answer
