A recently passed Minnesota statute mandates that the vendee (buyer) record the contract for deed within 4 months of the agreement's execution in order to avoid penalties.
<h3>How long does it take to record a contract for deed?</h3>
One minor modification concerns the need under Minnesota Statute Section 507.235 that the contract buyer, sometimes known as the "vendee," must record the contract for deed within four (4) months after its signing or suffer a fine equal to 2% of the contract price.
<h3>What has the contract for deed law in Minnesota changed?</h3>
The laws governing contract for deeds in Minnesota have lately undergone some revisions. One minor modification concerns the need under Minnesota Statute Section 507.235 that the contract buyer, sometimes known as the "vendee," must record the contract for deed within four (4) months after its signing or suffer a fine equal to 2% of the contract price.
<h3>What takes place if the Vendee fails to record the contract for deed?</h3>
Whoever receives an assignment of a vendee's interest in a contract for deed who neglects to record the assignment in accordance with subdivision 1 is subject to a civil fine, payable under subdivision 5, equal to 2% of the contract debt's original principal amount.
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Answer:
Explanation:
Demand can be defined as the total quantity of a particular commodity which a consumer is willing and able to buy at a particular price and a particular time.
A demand schedule is a tabular representation of the total quantity of a particular commodity which a consumer is willing and able to buy at a particular price and a particular time.
Below is an attachment showing the tabular representation and the solution to requirement A
In the first Attachment all that was done was to use the values from the question to get our requirements Total revenue was gotten by (Price * Quantity)
Marginal Revenue was gotten by finding the Change in Total Revenue divided by Change in Quantity
So also a tabular representation of B
All that is required to plot the graph is to match the values gotten to the Y axis which represents revenue and X axis which represents quantity and connect the lines together.
Answer:
the amount paid during the year is $16,875
Explanation:
The computation of the amount paid during the year is shown below:
Opening Balance $3,757
Add: Wages expense $15,188
Less: Closing Balance -$2,070
Amount Paid $16,875
Hence, the amount paid during the year is $16,875
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
Disintermediation.
Explanation:
Disintermediation can be defined as the removal of middlemen from a business transaction. This means that the producers carry out transactions directly with the customers.
Disintermediation reduces cost and increases efficuency because the consumers can now purchase the product at a cheaper price from the producers due to the fact that the middlemen have been exempted from the purchasing process.
Disintermediation can also lead to an increased burden on the producers because they are solely in charge of supplying goods to potential customers.