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algol13
2 years ago
8

Jim and Evan enter into a real estate contract. The contract allows Evan to get a mortgage at 5% interest. But after due diligen

ce, Evan can only get a mortgage at 8% interest. What will happen to the real estate contract
Business
1 answer:
Lina20 [59]2 years ago
3 0

Since Evan can only get a mortgage at 8% interest instead of at 5%, the real estate contract suffers <u>termination by contingency</u>.

<h3>What is a contingency?</h3>

A contingency in a real estate contact is a term that is required to happen before its closing.  

Thus, termination by contingency will allow Jim to terminate the contract without consequences.

Learn more about termination by contingency at brainly.com/question/19567994

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Answer:

Yes

Explanation:

The Desses would have had a stronger argument if the contract was silent in this way because it would have been less likely that there was a designated class of third-party beneficiaries under the contract.

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7 0
3 years ago
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A manager who tells a subordinate that he will not recommend her for promotion unless she supports his proposal in an upcoming s
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A manager who tells a subordinate that he will not recommend her for promotion unless she supports his proposal in an upcoming sales meeting is using Coercion type of political behavior.

<h3>What is Coercion behaviour?</h3>
  • Coercion is the use of threats, especially physical threats, to induce an unwilling action from a party.
  • It entails a series of coercive behaviors that go against an individual's free will in an effort to elicit the desired response.
  • Extortion, blackmail, or even torture and sexual assault are examples of these activities.
  • Coercion occurs when someone is threatened with violence if they refuse to sign a contract.

Elements of Coercive Practices Proof

  • Damaging, endangering, or threatening to harm.
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5 0
2 years ago
Mary co-signs for a car loan for Barbara. What can happen to the car if Barbara misses a few payments on the car loan?
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4 0
3 years ago
what is the true difference between consultative leadership and participative leadership in decisiion making?
Anastasy [175]

The difference between consultative leadership and participative leadership in decision making is that in consultative leadership employees do not have decision-making power they can only share their opinions but in participative leadership, everyone works together for decision making.

A leader who shares decision-making with organization participants. 3 subtypes of participative leaders consist of consultative, consensus, and democratic. Consultative leaders confer with subordinates earlier than you make a decision; but, they maintain the authority to make very last selections.

Consultative leadership fashion is set growing the capacity to persuade people in place of enforcing their authority on them, enticing the subordinates or employees efficiently in the decision making. Such leaders ask humans for their minds & permit them to technique the problem and locate a nice feasible solution. The consultative chief uses the talents, thoughts, and enjoyment of others, however, the final choice is made by using a leader. Such a leader has interacted with his time or more important tasks, gives proper popularity, and evaluates all the alternatives before making the very last choice.

The participative leader entails himself because a member of the group & makes choices alongside the group. Such a leader seeks consensus and all and sundry have to take possession within the final decision. In a participative management fashion team participants and leaders, thoughts are taken into consideration as identical, and the body's input is considered. right here leader is a facilitator, educates, and frequently embraces crew thoughts over their very own, creating a tradition of innovation and focusing on promoting creativity.

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