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cestrela7 [59]
3 years ago
5

On March 7, a buyer and a seller execute a contract for the purchase of the seller's property. Closing is set for June 10. On Ap

ril 15, the property is struck by lightning and destroyed by the resulting fire. If the Uniform Vendor and Purchaser Risk Act has been adopted by the state in which the property is located, which party bears liability for the loss?
Business
1 answer:
Butoxors [25]3 years ago
3 0

Answer:

Under the act, the seller bears the loss alone.

Explanation:

Since in the given question it is mentioned that on march 7 the buyer and seller comes into the contract and on April 15 the property is destroyed so as per the given act, here the seller party bears the liability for the loss alone as he is full responsible of it also the closing is to be on June 10

Therefore the above should be the answer

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Answer:

analyzer

Explanation:

This strategy is used by companies wishing to gain market share. It is a moderate aggressive strategy, as it presents low aggregate risks, and innovation is not a very relevant factor in companies that use the analyzer strategy. Companies seek to provide a production of goods already in the market, with modifications and differentiations.

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3 years ago
After visiting several automobile dealerships, Richard selects the car he wants. He likes its $10,500 price, but financing throu
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Answer:

a) Total Interest Paid in 24 months is $1680

b) Total Cost of the car is $12180

c) Monthly Payment is $420

d) Annual Percentage Rate  is 10.47%

Explanation:

(a) Loan Amount = $8400

Interest Rate = 10%

Monthly Interest = 8400 x (10%/12)

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Total Interest Paid in 24 months = 24 x 70

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(b) Total Cost of the car = Loan Amount + Interest Paid + Down payment

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                                        = $12180

(c) Monthly Principal Payment = 8400/24

                                                  = $350

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                              = $420

(d) Annual Percentage Rate = (1+ 0.10/12)12 - 1

                                              = 0.1047

                                               = 10.47%

7 0
3 years ago
Which one of the following is not a financial intermediary? A. Security dealers B. Insurance companies C. Real estate investment
Mars2501 [29]
I think the answer is A) Security dealers
6 0
3 years ago
Moraine, Inc., has an issue of preferred stock outstanding that pays a $6.55 dividend every year in perpetuity. If this issue cu
Lorico [155]

Answer:

7.20%

Explanation:

In this question, we are to calculate the required return.

From the question we identify the following;

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share price = Dividend/Rate of return

Hence;

Rate of return = Dividend/share price = 6.55/91

Rate of return = 0.071978021978022

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Which of the following is an example of the planning function of the budgeting​ process? A. Budget figures are used to evaluate
beks73 [17]

Answer:

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