Answer:
c. Because X's failure to disclose the condition of the faucet is not material.
Explanation:
In order to consider X's failure as material and therefore allowing Y to rescind the contract, the failure to disclose must involve an element of the contract that is in such a bad condition that it would make the contract as "irreparably broken".
In this case, contract law provides other remedies that Y can use to try to make X pay for the repairs, but Y cannot unilaterally rescind the contract.
According to the Question,
Loan amount = 300000 - 15000 = 285000
Periodic loan payments are made by
- P = L [r ( 1 + r ) ²n ] / [ ( 1 + r )² n - 1 ]
- r - Rate of interest = 0.065/12
- L - Amount of Loan Taken = 285000
Periodic Payment = 285000 × ( 0.065/12 ) × (1 + ( 0.065 / 12 )² 360) / (1 + ( 0.065 / 12)² 360 - 1 )
= 1801.39
Monthly payment = $ 1801.39
Therefore the Correct Response is Option D
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Correct Question - Suppose You Are Buying Your First Condo For $300,000, And You Will Make A $15,000 Down Payment. You Have Arranged To Finance The Remainder With A 30-Year, Monthly Payment, Amortized Mortgage At A 6.5% Nominal Interest Rate, With The First Payment Due In One Month. What Will Your Monthly Payments Be?
a. $2,215.71
b. $1,459.13
c. $1,369.06
d. $1,801.39
e. $2,179.69
Answer:
false
Explanation:
The HR is responsible for hiring and firing in the workplace.
Answer:
The correct answer is b. The letter of intent is an invitation to negotiate, which is not an offer.
Explanation:
The letter of intent is a document that is written as a pre-agreement between two people or two entities that have the commitment and the intention to proceed further and formalize a contract. They resemble a contract, but unlike these, it is not binding.
We may think that the fact that the letter of intent is not binding makes it lose its value or its usefulness as a practical tool. But the reality is that it serves as proof of will, and such proof may be sufficient proof for other clients or other participants to decide to withdraw.
In addition, the letter of intent itself implies the existence of a negotiation, where those easier questions usually appear, by mutual agreement. Leaving for the real contract, those more complex issues that require more negotiation.
Answer:
Product JB50= $8,874,800
Product JB60= $5,448,600
Total sales revenue= $14,323,400
Explanation:
Giving the following information:
Product JB 50 Product JB 60
Anticipated volume in units 403,400 201,800
Unit selling price $22 $27
<u>A sales budget reflects the revenues of the company based on the estimated sales volume. It includes sales discounts and allowances.</u>
<u>Sales budget:</u>
Product JB50= 403,400*22= $8,874,800
Product JB60= 201,800*27= $5,448,600
Total sales revenue= $14,323,400
