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
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

You might be interested in
Which of the following statements is true?
marissa [1.9K]

Answer: B) A)

Explanation:

  •   This kind of method, direct write-off method is referring to your question and it is considering a method that is used for recognizing bad debts expenses that are coming from credit sales of someone's account. With this method there is no account that is considering allowance and receivable that is found on someones's account is written-off directly to expense when there is uncollectible account expense.
  •   One of the greatest advantages is simplicity because those companies who are doing this method have to make only two transactions.

5 0
3 years ago
Read 2 more answers
Knowing the educational requirements for a job you are interested in is very important. For example, to become a doctor would re
Ray Of Light [21]

Answer: It is very important because you need to be prepared to invest the time and money necessary to gain the required skills.

Explanation:

7 0
2 years ago
Education and healthcare are two examples of​ _________ in international business.
andreev551 [17]
They are both examples of infrastructure in international business.
3 0
2 years ago
"A registered representative ("RR") has entered an order to buy 100 shares of ABC at $50 per share for a customer. The transacti
Delicious77 [7]

Answer:

The RR may change the account number on the order ticket to correct number if the branch manager so agrees and provides in written.

Explanation:

In the given case, we  know that when the customer buys shares he provides all the details as Name, Address, Contact Details, mail id, etc:

Now when the account number do not match as to the original of the customer, she the registered representative shall confirm to the original information and if the customer is same the details if any which are not correct shall be changed in records if the branch manager so agree.

As this is beneficial to the both the branch manager and the customer.

8 0
3 years ago
Union dues, fees for tax return preparation, and other miscellaneous expenses are:
3241004551 [841]
Deductible for the amount that exceeds 2% of gross income
4 0
3 years ago
Other questions:
  • The _______ is the act of Limiting the amount of certain goods that civilians can buy
    14·1 answer
  • Which of the following costs is often important in decision making, but is omitted from conventional accounting records? A. Fixe
    6·1 answer
  • Who do i write the check to for speeding ticket?
    10·2 answers
  • It is important to be able to _______ a problem and ______ it to the provider immediately
    13·1 answer
  • Linda is the director of HR at Colette Value Inc., a large tax-preparation firm. The firm faces a dearth of tax preparers every
    14·1 answer
  • Sweet Company’s outstanding stock consists of 1,000 shares of noncumulative 5% preferred stock with a $100 par value and 10,000
    11·1 answer
  • A Bank loaned out $12,000, part of it at the rate of 8% per year and the rest at the the rate of 18% per year. If the interest r
    8·1 answer
  • Which one of the following is not covered by renter's insurance? additional living expenses accidental damage to the property of
    8·1 answer
  • Blake was asked by his team leader to explore and evaluate the best ways to communicate with customers online. Although Blake is
    6·2 answers
  • You purchased 100 shares of stock for $78 per share. You sold the stock four years later for $92 per share. What is your gain af
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!