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mafiozo [28]
3 years ago
11

Property ownership madison owned a tract of land, but he was not sure that he had full title to the property. when rafael expres

sed an interest in buying the land, madison sold it to rafael and executed a quitclaim deed. rafael properly recorded the deed immediately. several months later, madison learned that he had had full title to the tract of land. he then sold the land to linda by warranty deed. linda knew of the earlier purchase by rafael but took the deed anyway and later sued to have rafael evicted from will linda succeed in claiming title to the land? explain.
Business
1 answer:
Hoochie [10]3 years ago
8 0
For me, Linda will not be able to win her suit against Rafael in claiming the land. 

In the event of Warranty deed vs Quitclaim deed, warranty deed wins over quitclaim deed. But, there are instances that quitclaim deed wins over warranty deed. And I think that the above circumstance is an exception to the general rule.

It all boils down to good faith. Because the transaction between Rafael and Madison are clear and in good faith, their transaction is legal. Because the transaction between Linda and Madison is done in bad faith to the detriment of Rafael, their transaction is void despite it being secured with a warranty deed.  
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Please find full question attached

Answer and Explanation:

Gross domestic product is calculated:

Gross Domestic Product(GDP) = Gross National Product (GNP)  - Receipts of factor income from rest of the world + Payments of factor income to the rest of the world

So to find GDP, we calculate GNP

GNP = NNP+Depreciation

To calculate GNP, we calculate NNP:

Net national product (NNP) =national income, so we have,

NNP = $2,445 billion

GNP = NNP + Depreciation = $2,445+$75

GNP = $2,520 billion

So we substitute in GDP formula to calculate GDP

GDP = 2,520 - 70 + 50 = $2500 billion

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G = $450 billion

3 0
3 years ago
Which statement best describes the effects of low and high interest rates on the economy? Low interest rates encourage consumers
kirill115 [55]

The correct answer is A. Low interest rate encourage consumers to borrow and spend, while high interest rates encourage saving.

Interest rate is termed as the rate which a bank charges to its borrowers.

Nationally a good interest rat for a loan is 3.7%.

Recession and inflation are some effects of interest rate. We get to hear the federal funds rates if the interest rate falls or rises.

If the interest rate becomes high people will start to spend less to avoid the high cost.

6 0
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A business school would like to know that whether the average number of years of work experience of MBA applicants is less than
VMariaS [17]

Answer:

The test statistic t of the sample is -0.804.

There is sufficient evidence to ascertain that the average number of years of work experience of MBA applicants is less than 3 years.

Explanation:

Null hypothesis: The average number of years of work experience of MBA applicants is 3 years.

Alternate hypothesis: The average number of yet of work experience of MBA applicants is less than 3 years.

Test statistic (t) = (sample mean - population mean) ÷ sd/√n

sample mean = 2.57

population mean = 3

sd = 3.67

n = 47

t = (2.57 - 3) ÷ 3.67/√47 = -0.43 ÷ 0.535 = -0.804

Assuming a 5% significance level

degree of freedom = n - 1 = 47 - 1 = 46

The critical value corresponding to 46 degrees of freedom and 5% significance level is 2.013.

Conclusion:

Reject the null hypothesis because the test statistic -0.804 is less than the critical value 2.013.

The years of work experience of MBA applicants is less than 3.

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Answer:

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A company is socially responsible when it works attached to values and that within its business objectives includes supporting social, economic and environmental needs in order to optimize its competitive situation and its added value.

When a company is socially responsible, it does so by its own decision and not by taxation and its policies, strategies and practices are aimed at favoring its employees, suppliers, family, environment and environment.

The green paper of the European Commission states that "corporate social responsibility is the voluntary integration, by companies, of social and environmental concerns in their business operations and their relationships with all their partners."

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