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Fiesta28 [93]
2 years ago
11

15.Susan's father warned her about buying real estate. He told her that it was her responsibility to determine the facts about a

property and that she should obtain a thorough inspection, a title search, and a survey. What legal issue was Susan's father advising her about?
Business
1 answer:
shutvik [7]2 years ago
4 0

The legal issue Susan's father was advising her about is known as caveat emptor.

<h3>What is caveat emptor?</h3>

Caveat emptor is the principle which states that consumer alone is the one responsible for checking the quality and the suitability of goods before a purchase is made. Caveat emptor is a Latin phrase that means "let the buyer beware.

It was used to express the doctrine used by businesses during the 1900s that meant "what you see is what you get. Susan is being told by her father to be beware of the contract terms and the property she is going to buy, which is necessary to avoid complaint afterwards.

Therefore, the legal issue Susan's father was advising her about is known as caveat emptor.

Learn more about caveat emptor here: brainly.com/question/5004670

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Kenya is reserving a room in a hotel in France where they use euros (€). The room charge is €75. Suppose the conversion rate is
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tankabanditka [31]
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3 years ago
A firm operates in a perfectly competitive industry. Suppose it has a short run total cost function given by TC= 10000 +0.04q2 .
iren2701 [21]

Answer:

700

Explanation:

The condition for maximizing profits is Marginal cost = Price.

1. We need to calculate the marginal cost, which is the first derivative of the total cost function.

  • marginal cost = (TC=10000+0.04q2=) '

  • MC=0.08q

2. Now, we equalize the MC to the price and solve for q.

0.08q=56

q=56/0.08

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A student wants to determine what type of cereal his classmates like best. he buys three of his favorite puffed rice cereals and
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