1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mandarinka [93]
2 years ago
5

Sanjeev leases a house from Clara, and the lease has an option contract attached that permits Sanjeev to buy the house if he cho

oses to exercise the option within three years. How large does the option fee need to be in order to be legally binding
Business
1 answer:
Aleksandr-060686 [28]2 years ago
8 0

The amount of the option fee need to be on amount agreed to by the parties in order to be legally binding.

<h3>What is a lease agreement?</h3>

A lease agreement is a legal arrangement whereby a person give another person the right to possess the land for use in return for a periodic compensation.

However, the lease agreement can lead to permanent purchase, based on the agreement of the lease.

In conclusion, the amount of the option fee need to be on amount agreed to by the parties in order to be legally binding.

Read more about lease agreement

<em>brainly.com/question/24460932</em>

You might be interested in
____ materials are materials that are no longer serviceable, have been discarded, or are a by-product of the production process.
alexgriva [62]

Answer:

Scrap

Explanation:

The scrap material is that material that is not usable for the or the services are no longer available and these products are not used so far for the production process. It is totally and completely discarded and used as a by product production process

Hence, the correct option is scrap

And all other options are wrong and incorrect

4 0
3 years ago
Alan and Desmond have set up a law business in a high–priced office. Which type of business do they have?
san4es73 [151]
<span>It depends on their agreement. It could be a general partnership or a limited partnership. One could be an investor and one runs the business day to day.</span>
8 0
3 years ago
Read 2 more answers
Which option best describes the word ethical?
weeeeeb [17]

What are the options, sir?

Ethical usually means what is right, or morally right. For example, killing someone isn't ethical, but helping an elderly person up from falling would be the ethical thing to do.

7 0
3 years ago
Justin agrees to start a life-size portrait of Julia beginning November 2. On October 28 he writes to Julia that due to unforese
Nitella [24]

Answer:

anticipatory repudiation.

Explanation:

Anticipatory repudiation refers to a party involved in a contract breaching the contract in advance. Through the use of anticipatory repudiation, the party that is breaching the contract declares that they are not going to perform their obligations.

In order to reduce possible damages and avoid potential losses, the party that breaches the contract has to act as quickly as they can so that the other party suffers the least possible damage or suffers the least possible losses. But still, the other party can sue for the breach of the contract and for any potential damages originated by the contract breaching.

8 0
3 years ago
What is the essential role of logistics in the channel.?
Mice21 [21]
Logistical Functions
8 0
2 years ago
Other questions:
  • The demand for land, labor, and capital used to produce a good depends on which of the following factors?
    10·1 answer
  • When martha needs to compare the results of the marketing program for the coffee collective and then implement changes based upo
    10·1 answer
  • Jade is concerned about her risk of osteoporosis. to help reduce her risk of this condition, jade should ________.
    5·2 answers
  • A relatively low saving rate affects productivity growth by: a. decreasing consumption spending and increasing investment in hum
    6·2 answers
  • Pelicans Ice is a snow cone stand near the local park. To plan for the​ future, Pelicans Ice wants to determine its cost behavio
    11·1 answer
  • Three basic decisions must be made by all economies. What are they?
    14·1 answer
  • Helmway company purchased equipment and these costs were incurred: cash price $21,500 sales taxes $1,800 insurance during transi
    5·1 answer
  • What is letter of credit?​
    14·1 answer
  • The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 2018, the end of the year, and its revenue a
    7·1 answer
  • Which is not the application of ahp?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!