Alice signs a contract with bob to buy bob's house for $150,000, with the clause, "if i am able to obtain a mortgage loan for $125,000, at no more than 7% interest, payable over 15 years." assume that alice tries but is unable to obtain the described loan, and therefore refuses to proceed with the purchase. alice is in breach of the contract.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Alice signs a contract with bob to buy bob's house for $150,000, with the clause, "if i am able to obtain a mortgage loan for $125,000, at ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. Equipment purchased for $63,000 on January 3, 2019, has an estimated life of 5 years and an estimated salvage value of $5,600.
Answers (1)
Select examples of unpaid work that are not included in the real GDP per capita.
Answers (1)
What is the main purpose of the FDIC? Question 25 options: To combat counterfeiting To insure bank deposits. To regulate banks. To loan money to member banks.
Answers (2)
The fact that monopolistically competitive firms charge a price that exceeds marginal cost is responsible for the a. business-stealing externality that is observed in monopolistically competitive markets. b.
Answers (1)
A new retail associate in another department asks you about the features of the merchandise in his department. you just explained all of this to him the day before. what would you do?
Answers (1)
New Questions in Business
A salesperson receives a weekly salary of $500. In addition, $5 is paid for every item sold in excess of 200 items. How much extra is received from the sale of 215 items?
Answers (1)
The Market Outlet has a beta of 1.38 and a cost of equity of 14.945 percent. The risk-free rate of return is 4.25 percent. What discount rate should the firm assign to a new project that has a beta of 1.25?
Answers (1)
Mickey, Mickayla, and Taylor are starting a new business (MMT). To get the business started, Mickey is contributing $200,000 for a 40 percent ownership interest, Mickayla is contributing a building with a value of $200,000 and a tax basis of
Answers (1)
On January 1, 2021, Corvallis Carnivals borrows $10,000 to purchase a delivery truck by agreeing to a 6%, three-year loan with the bank. Payments of $304.22 are due at the end of each month, with the first installment due on January 31, 2021.
Answers (1)
Runner's warehouse purchased digital watches for $92.99. its markup rate is 25% based on the selling price. what is the selling price
Answers (1)