Answer:
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If a buyer exercises the right to rescission, the time that the developer has to refund the buyer’s money is 45 or 60 days.
In settlement right to rescission has been described because of the unmaking of a settlement between parties. Rescission is the unwinding of a transaction. This is achieved to bring the parties, as far as viable, lower back to the location in which they have been earlier than they entered into a contract (the fame quo ante.
The right of rescission is a felony safety beneath the fact in Lending Act (TILA) that allows you to cancel positive mortgage agreements within 3 days without any monetary penalties.
The reason for rescission is to restore the status quo ante, ie the state of affairs present before the agreement was entered into. While an agreement moving to identify assets is rescinded, it typically has the effect of re-vesting any property so transferred to the transferor.
Learn more about the right to rescission here brainly.com/question/4577062
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Answer:
Explanation:
Rate per period =15% = 15/12 monthly
Payment(PMT)=$1,000
Future amaount(FV)=$2,000,000
N(years)=?
If input this data into fin calculator, n= 262.27months=262.27/12years=21.86years
Answer and Explanation:
The answer is attached below
Answer: B $22,500 ordinary and $3,500 capital.
Explanation:
Total loss incurred to Kristen = $26,000
The fair market value = $22,500
Capital loss = Total loss incurred - fair market value
Capital loss = $26,000 - $22,500 = $3,500 Capital loss
So the right answer is Option B $22,500 ordinary and $3,500 capital