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Sonja [21]
3 years ago
9

Carson had partial ownership of a property. he sold his ownership share for $40,000 and never told the other owners until the cl

osing was complete. carson was a
Business
1 answer:
Masteriza [31]3 years ago
3 0
<span>Carson was a joint tenant. In property law, a joint tenant owns a share of a piece of property. A joint tenant has the right to sell all or part of their share of the property as they so choose. Here, Carson sold part of the property (the part that he owned) for $40k. As a joint tenant he had the right to do so, and did not have to notify the other tenants of his decision to sell.</span>
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The advantage of a limited partnership business structure as opposed to a corporate business structure is:
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Answer:

D. limited liability

Explanation:

In a limited liability partnership, each partner's risk of losing personal assets is limited to the share capital he has invested. The limited liability partner is not liable for other partners deeds and losses incurred due to their negligence. His liability is limited to the share capital / equity he has invested in the business.

5 0
3 years ago
Robert has a monthly income of $1,650.00. His monthly mortgage payment is $675.00. What percentage of his income does Robert spe
makkiz [27]

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Explanation:

If $675 spend on mortgage and his monthly income is $1650

So the percentage will be:

$675 / $1650 × 100

= 0.409 ×100

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3 years ago
Which of the following is an exanple of a function skill​
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Walking

Explanation:

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3 years ago
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Which statement regarding strategies is true?
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5 0
3 years ago
A seller's costs are a $14,700 commission, $3,150 in excise tax, $650 for a buyer's policy of title insurance, $250 in escrow fe
Ksivusya [100]

Answer:

Seller's proceeds = $66,300

Explanation:

Given:

Seller's costs = $14,700

Commission = $3,150

Excise tax = $650

Escrow fees = $250

Loan payoff = $126,000

Purchase price receive = $210,000

Refund on property taxes paid in advance = $1,050

Computation of seller's proceeds:

Seller's proceeds = (Purchase price receive + Refund on property taxes paid in advance) -  (Seller's costs + Commission + Excise tax + Escrow fees + Loan payoff)

Seller's proceeds = ($210,000 + $1,050) - ($14,700 + $3,150 + $650 + $250 + $126,000)

Seller's proceeds = ($211,050) - ($144,750)

Seller's proceeds = $66,300

5 0
2 years ago
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