Expectation damages encourage economic efficiency even if they will allow the promisor to breach when it is economically efficient to do so. True False
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- A shopping center investor bought a 36,000 square foot shopping center in Calabasas, California with a 25-year fully amortizing fixed rate mortgage loan at a stated annual interest rate of 5.5%, a loan to value ratio of 80%, and a down payment of $600,000. What was the purchase price of the property? a.$750,000 b.$480,000 c.$2,400,000 d. $3,000,000Mechanic’s liens can be obtained by all of the following except: Group of answer choices a materials supplier. a contractor who contracted with another contractor, not the owner. an unlicensed builder who contracted directly with the owner. an architect.A property sold for 180% of what the vendors originally paid for it. What was that original price if the recent selling price was $810,000 ?
- 6-11. Assume that an automotive company discloses the following risk factors, listed as (1) through (7), that might affect the specific assertion of primary concern to the financial statements. Continued decline in market share, and a market shift (or an increase in acceleration of market shift) away from sales of trucks or sport utility vehicles, or from sales of other more profitable vehicles in the U.S. Continued or increased price competition resulting from industry overcapacity, currency fluctuations, or other factors. Lower than anticipated market acceptance of new or existing products. Substantial pension and postretirement health care and life insurance liabilities impairing our liquidity or financial condition. Worse than assumed economic and demographic experience for our postretirement benefit plans (e.g., discount rates, investment returns, and health care cost trends). The discovery of defects in vehicles resulting in delays in a new model launches, recall campaigns, or…A borrower elects to receive a lender credit. Which of the following effects will the lender credit likely have on the transaction? A)Higher interest rate B) Higher closing costs C) Higher origination fee D) Higher mortgage loan amountAt many universities, the title to any patentable inventions conceived or reduced to practice by faculty, staff, or students is assigned to the university regardless of the funding source. In this situation, if the innovator(s) intend to participate in commercialization of the technology via a start-up, they must license the rights to the invention from the university True False
- To get the best available interest rate and loan terms to buy a two-bedroom, two-bathroom home in Redondo Beach, California at a purchase price of $1,800,000, a young couple was told that if they were able to make a 20% down payment and took out a 30-year fully amortizing fixed rate conforming mortgage loan for the balance of the purchase price, they could get a loan with an annual interest rate of 6.5% on the contract loan amount, with one point charged by the lender plus a $1,500 appraisal fee and a $50 credit report fee. If the lender agreed to “net fund” the loan and deduct the points and fees from the contract loan amount at the closing so that the couple would not have to pay those fees and costs out of pocket, what portion of their first month’s payment would be principal? a.$1,301.78 b.$1,287.36 c.$7,713.60 d.$7,800.00To get the best available interest rate and loan terms to buy a two-bedroom, two-bathroom home in Redondo Beach, California at a purchase price of $1,800,000, a young couple was told that if they were able to make a 20% down payment and took out a 30-year fully amortizing fixed rate conforming mortgage loan for the balance of the purchase price, they could get a loan with an annual interest rate of 6.5% on the contract loan amount, with one point charged by the lender plus a $1,500 appraisal fee and a $50 credit report fee. If the lender agreed to “net fund” the loan and deduct the points and fees from the contract loan amount at the closing so that the couple would not have to pay those fees and costs out of pocket, what would be their monthly payment of principal and interest on the loan? $10,239.50 $9,000.96 $10,127.31 $9,101.78Which of the following is not suitable to general partners? They are not subject to same liabilities Share equally managing the business They share equally the liability Share equally financing the business F9 F10 F11 F12 PrtSc Pause Insert Home Pg Up Scr Lk SysRq Break Delete
- Can someone help me make a business letter of complaint. Thank you! Scenario: Imagine that you ordered the latest model of cell phone, made a payment of fifty percent of the price through a bank, and was promised by the seller that the product will be delivered to you, brand new. Unfortunately, the cell phone that was delivered to you was a used unit.In Georgia, when should the lender be notified that a seller is offering a loan assumption? When the buyer contacts the lender to be qualified for the loan assumption Immediately after the properties listed for sale At the time an offer to purchase is accepted by the seller After the buyer has been determined to be creditworthyUnder Proposition 13, how much can the appraised value of a parcel of property, for tax purposes, be increased annually? Group of answer choices Two percent. No more than the rate of inflation. Proposition 13 does not regulate reappraisal of real property. One percent.