1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jeka57 [31]
2 years ago
14

A seller agreed to sell a tract of land by an enforceable written contract to a buyer for an agreed price. At the time and place

designated for closing, the seller tendered the deed to the land, but the buyer refused to complete the transaction because of a secured note on the land, saying that the contract required the seller to supply a deed free of encumbrances. The seller responded that she intended to pay the secured loan, which was substantially less than the contract price, with the proceeds of the sale of the land. The seller offered to put the proceeds of the sale in escrow for that purpose, for which the buyer could pick the escrow agent. The buyer refused the seller's proposal. The seller then brought suit against the buyer for specific performance of the land sale contract. What is the seller's best argument in support of her claim for relief
Business
1 answer:
leonid [27]2 years ago
7 0

Answer: Seller has right to use proceeds to settle the loan.

Explanation:

The Seller has the right to use the proceeds from the sale of a house to settle debt and this is what this seller is offering. The seller also suggests an escrow account which would significantly reduce the risk of default by the seller after being paid.

The seller can argue this in court and have a fair chance of winning because they fully disclosed the fact of the loan to the buyer and told the buyer how they planned to settle it, method which they had the right to use when settling debt of this nature.

You might be interested in
Listening, writing, speaking, observing and _____________________ all play an integral part in our contemporary lifestyle.
Elena-2011 [213]

Answer:

empathizing; communication

Explanation:

Communication is the process of the exchange of thoughts and ideas. In this process the information is communicated by the sender and the receiver is intended to receive the same. The receiver shares the feedback and responds to the message and this brings an end to an active communication. The skills required for a heathy communication are listening, speaking, observing and empathizing. These skills helps in communicating the messages in smooth and better way.

4 0
3 years ago
Tyrrell's small lumber company aims to fulfill the economic foundation of business. What first step must his company take to ach
olga nikolaevna [1]

The  first step must his company take to achieve this goal is: earn profit.

<h3>What is profit?</h3>

Profit is what a person gain from the sell of products after deducting their expenses and other production cost.

In order for the company to achieve their set goals which is to fulfil the economic foundation business they need to first of all earn profits from their business.

Therefore the company needs to earn profit.

Learn more about profit here:brainly.com/question/24553900

#SPJ1

8 0
2 years ago
Businesses that engage in ultrahazardous activities are strictly liable for any injuries.
3241004551 [841]
I think the answer is true.
7 0
3 years ago
Why might Joel want a shorter auto loan term?
Mashutka [201]
The total cost of the lone will be lower
6 0
3 years ago
Win Goods Inc. is a large multinational conglomerate. As a single business unit, the company's stock price is estimated to be $2
timama [110]

Answer: Upon realizing that they maintain business units that are not included in their results and generate a greater benefit, it could be indicated that Win Goods Inc should review their financial performance, because for some reason their separate business units are having a better market valuation. This study may indicate that they should consolidate their results so that the Group's shares are unified in the market.

5 0
3 years ago
Other questions:
  • The board of directors of Capstone Inc. declared a $0.90 per share cash dividend on its $2 par common stock. On the date of decl
    15·1 answer
  • Hankins Corporation has 8.1 million shares of common stock outstanding, 300,000 shares of 4.1 percent preferred stock outstandin
    14·1 answer
  • Identical products, as well as a large number of buyers and sellers, are characteristics of aperfectly competitive market. In su
    13·1 answer
  • The Sugar Sweet Company will choose from two companies to transport its sugar to market. The first company charges $3995 to rent
    12·1 answer
  • Goods held on consignment are Select one: a. included as part of no one's ending inventory. b. included in the consignee's endin
    9·1 answer
  • Crawford Inc. has bonds outstanding during a year in which the general (risk-free) rate of interest has risen. Crawford elected
    11·1 answer
  • When the direct write-off method is used, an entry for bad debt expense is required Multiple choice question. when each sale is
    12·1 answer
  • 500 divided by 2/3 = 500 * blank = blank feet <br><br><br>please help me
    13·1 answer
  • All of the following is true about CRM, or Customer Relationship Management except:______.
    15·1 answer
  • If you are an engineer working for a state highway department with the responsibility for overseeing and regulating construction
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!