A contract in which the vendor (seller) agrees to convey the title to the real property after the vendee (buyer) has met certain named conditions, and which does not require conveyance within one year, is ordinarily used in the case of a buyer who can only make a small down payment and monthly installments. this type of contract, because it holds disadvantages for both the seller and the buyer, is no longer a popular financing instrument in california.

Answers

Answer 1
Final answer:

The question refers to a land contract or contract for deed, a type of seller financing where the title is retained until full payment. Risks for both buyer and seller make it less popular in some areas like California.

Explanation:

The question is related to a type of contract called a land contract or a contract for deed. This is a form of seller financing that is often utilized when a buyer does not qualify for traditional bank financing. In such a contract, the buyer makes payments directly to the seller over a period of time, and the seller retains the title to the property until the amount is fully paid. During this period, the buyer is responsible for the property's maintenance, taxes, and insurance.

As with any agreement, such contracts have advantages and disadvantages. The disadvantage to the sellers is that they don't get the full payment upfront, and in case of default, they need to go through legal channels to reclaim the property. For the buyers, they might lose the partial payments made and the property if unable to meet the contractual requirements. Such contracts sometimes include automatic adjustments for inflation, ensuring neither party is disadvantaged by significant economic changes.

In California, as in many states, there are legal rules guiding such contracts, as well as consumer protection laws in place to shield both parties involved. Relevance and popularity vary across different markets and legal frameworks.


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Related Questions

Which one component in a high-end gaming computer is likely to draw the most power?

Answers

It would most likely be the GPU.

What does future consideration mean in job application?

Answers

Final answer:

Future consideration in a job application is a request made by an applicant for the company to keep their information on file for potential future job opportunities. It is usually used when an applicant has the required skills but has not been selected for the current position. It serves as a reminder to employers about the applicant's potential for future roles.

Explanation:

In the context of a job application, future consideration refers to an applicant's request that a company keep their information on file for potential future opportunities. This usually happens when an individual applies for a job, possesses the required skills, yet is not selected for the current open position. The applicant may request future consideration, prompting the company to review their application when relevant positions become available.

For instance, in the first paragraph of an application, an applicant may explain their relevant skills and then end with a statement that they are submitting their current résumé for future consideration. This strategy keeps the focus on the organization's needs and subtly brings to attention the applicant's interest in future opportunities. It is a productive rhetorical technique that reminds the employers about the applicant's potential contribution to future projects.

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Resources that can theoretically last forever are called __________ resources

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... are called renewable resources

Answer:

Resources that can theoretically last forever are called renewable resources.

Your parents surprise you with a $500 check. as a result, the u.s. gdp decreases because you have to pay taxes on this income. remains unchanged because it was counted when your parents earned it. decreases because you will spend it on useless goods. increases because this is unexpected income to you.

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I believe that the $500 cheque from your parents has already been counted when it was earned and therefore would neither increase or decrease GDP. GDP is defined basically as  a bulk measure of production that is equal to the sum of all gross values of all units involved in production.

J. brown consulting paid $2,500 cash for a 5-month insurance policy which begins on december 1. given the choices below, determine the general journal entry that j. brown consulting will make to record this transaction

Answers

The first account to be used is prepaid insurance. This is a current asset which specifies the price of the insurance contract or also known as premiums that have been paid in advance. It signifies the amount that has been paid but has not yet expired as of the balance sheet date.

The second account to be used is cash because it was used to pay for the insurance bought.

To record this transaction:

Debit, Prepaid Insurance $2500

Credit, Cash                 $2500

What type of policy covers unusual hazards typically not covered under ordinary accident and health insurance?

Answers

The answer is Special Risk Policies. A special risk is a sort of extra security strategy intended to cover people that have wellbeing or different qualities that speak to a higher-than-normal hazard to the insurance agency. A unique hazard strategy will in all likelihood cost more for a similar measure of scope than somebody with a standard hazard circumstance will.

An increase in government borrowing can: _________. allow private investment to expand. crowd out private investment in physical capital. increase the incentive to invest in technology. cause a substantial decrease in interest rates.

Answers

An increase in government borrowing can:  crowd out private investment in physical capital
Phtsical capital is the type of assets that have an actual appearance (not only on paper), such as machinary, buildings, bridge, etc.
An increase in government borrowing means that more government budget is used to buy these physical capital and more private sector's budget available to use for somehting else
Final answer:

An increase in government borrowing often leads to the crowding out of private investment in physical capital by reducing financial capital available to private firms.

Explanation:

An increase in government borrowing can potentially crowd out private investment in physical capital. This crowding-out effect happens because government borrowing can reduce the financial capital available for private firms, which affects their ability to invest in physical capital. Moreover, if a government decides to borrow for financing investments in public physical capital, like roads or water systems, it may inadvertently increase public physical capital at the expense of crowding out more beneficial private physical capital investments.

A ________ stock comes from a company that makes consumer goods such as food and drugs that have fairly constant demand regardless of the state of the economy.

Answers

A Defensive stock comes from a company that makes consumer goods such as food and drugs that have fairly constant demand regardless of the state of the economy.
Defensive stock is the type of stock from the companies whose business tend to remain stable no matter what economic condition they're currently in. Usually, this type of stock consist of the products that people consume daily, such as foods and drugs

What kind of customer would want collision coverage for his or her auto incurance?

Answers

A customer who wants to be financially protected in the event of an accident, regardless of who is at fault, would want collision coverage for his or her auto insurance.

Collision coverage is a type of auto insurance that helps pay to repair or replace your car if it's damaged in an accident with another vehicle or object, such as a fence or a tree. If you're leasing or financing your car, collision coverage is typically required by the lender.

Even if you own your car outright, collision coverage can be beneficial if you want to protect your investment and ensure that you can cover the costs of repairs or replacement after an accident.

Here are some reasons why a customer might want collision coverage:

1. Financial Protection: Collision coverage can provide financial protection if your car is totaled or needs expensive repairs after an accident.

2. At-Fault Accidents: If you are at fault in an accident, your liability coverage will pay for the other driver's damages, but it won't cover your own car. Collision coverage will help pay for your car's repairs or replacement.

3. Hit-and-Run or Uninsured Drivers: If you're involved in an accident with a hit-and-run driver or someone who doesn't have insurance, collision coverage can help cover your damages.

4. Leased or Financed Vehicles: Lenders and lessors often require collision coverage to protect their investment in the vehicle.

5. High Value Vehicles: Owners of high-value cars may opt for collision coverage to ensure they can afford to repair or replace their vehicle if it's damaged in an accident.

6. Peace of Mind: For many drivers, the peace of mind that comes with knowing they are covered in the event of an accident is worth the cost of collision coverage.

The term? "market" in economics refers to
a. a place where money changes hands.
b. an organization which sells goods and services.
c. a legal institution where exchange can take place.
d. a group of buyers and sellers of a product and the arrangement by which they come together to trade.

Answers

i'm pretty sure it's option D

When a manufacturing company uses a standard costâ system, an unfavorable variance is a contra expense.

a. True

b. False?

Answers

The statement above is FALSE. A contra expense account is one that is expected to have a credit balance instead of the usual debit balance. An unfavourable variance refers to a situation in which the actual costs are greater than the expected costs. An unfavourable variance is not a contra expense. 

Corporations such as coca-cola and general electric, which are embedded in countries throughout the world and have a significant impact on the global economy, are referred to as

Answers

The answer to this question is the term transnational corporations. A transnational corporations is also known as multinational corporations. A transnational corporation refers to a corporation / company that operates in more than one country. Example of transnational corporations are coca cola, nestle, general electric, microsoft, and shell.

Which technique might a scrummaster use to facilitate communication between the development team and the product owner?

Answers

The technique might a scrummaster use to facilitate communication between the development team and the product owner is that to teach the team to talk in terms of business needs and objectives, teach the Product Owner about the technologies employed during the Sprints and facilitate collaborative meetings between the development team and the product.

Felicia put $85 into an account that pays 3.8% interest, compounded semiannually. according to the rule of 72, approximately how long will it take for her money to double?

Answers

Answer: 18.9 years

Explanation:

Answer:

18.9 years

Explanation:

?the management of zilo toys inc., a toy manufacturing company, believes that the longer the customers spend deciding what to purchase, the less likely they are to purchase more items. in order to determine the average time customers spend in purchasing toys from the store, the management employees time to observe the customers as they discuss which toys to buy. he then reports his findings to the management. in this scenario, tim is engaging in _____.

Answers

In the scenario given above, Tim is engaging in OBSERVATION RESEARCH. Observation research, also called field research is a type of non-experimental research in which a researcher is observing an ongoing natural behaviour that is occurring in a natural setting. The result of analysis of this behaviour can help a company to serve its customers better. 

I really need to graduate HIGHSCHOOL PLEASE HELP ASAP.

In a Chapter 7 bankruptcy, a debtor: A. is required to draw up a petition listing all assets and liabilities. B. does not have to pay a filing fee. C. is absolved of alimony and child support payments. D. does not have to repay educational loans.

Answers

A. is required to draw up a petition listing all assets and liabilities.

The answer is: A. is required to draw up a petition listing all assets and liabilities.

During bankruptcy, the company need to sell of all of its remaining assets to paid of as much abilities that it can.

Because of this, the government require them to list all of assets and liabilities that it own. This would help the creditors determine whether the company already pay off all of its obligation to its maximum capacity.


Compared to attending a technical school, completing a four-year college degree allows you to
A)enjoy lower educational costs
B)enter the workforce sooner
C)avoid student loans
D)select from a wide range of careers

Answers

It's D.

Hope I helped and if you need help you can always ask me :)

-Dawn
D because you get to specialize in your field, which opens up to a lot of great opportunities in the career field. Also, 4-year college is way more expensive and time-consuming, so answers A, B, and C are definitely incorrect.

In 1975, cialdini and colleagues asked college students to spend 2 hours chaperoning a group of children on a field trip to the zoo. only _____ agreed to this request. however, after first asking another group of college students to volunteer every week, for a minimum of two years, _______ agreed to the second request to chaperon the zoo trip because of the door-in-the-face technique. 50%; 17% 17%; 100% 100%; 50% 17%; 50%

Answers

Caldini carried out a study a study f Door-in-the-face technique on compliance.
This technique first presents an individual with a request that is expected to be denied. After that, a second and more reasonable request is made.
Results were:
- First request:  17% compliance;
- Door-in-the-face condition: 50% compliance.
Answer:
D )  17% ;  50%.

How long do management and the audit committee have to act if the independent auditor reports possible illegal acts to them?

Answers

The management and the audit committee have ONE BUSINESS DAY to act if the independent auditor report possible illegal acts on them. During the one business day, they should be able to provide necessary documents that stand as evidence that they are not involve in illegal acts. Failure to do this, will make the law to follow due course about such acts.

Management and the audit committee should act promptly upon receiving a report of possible illegal acts from an independent auditor, according to the Sarbanes-Oxley Act of 2002, which mandates immediate investigation to maintain financial integrity and legal compliance.

The question revolves around the response of management and the audit committee when an independent auditor reports possible illegal acts. According to provisions laid out in the Sarbanes-Oxley Act of 2002 (SOX), management and the audit committee have a responsibility to act promptly upon such notifications.

While SOX does not provide a specific timeline for management to respond to the auditor's report of illegal activities, it emphasizes the need for immediate action to investigate and address the issue to ensure the integrity of financial reporting and compliance with applicable laws.

The legislation also establishes the Public Company Accounting Oversight Board (PCAOB) to oversee the activities of auditors, enhances the SEC's oversight capabilities, and mandates that CEOs and CFOs certify the accuracy of corporate financial statements. This act was a direct response to corporate scandals to ensure greater accountability and prevent management fraud.

The dmv may impose certain restrictions on a driver license and, therefore, the driver; this is done to ensure the safe operation of a motor vehicle. an example of a restriction would be:

Answers

Final answer:

The question addresses the governmental right to legally discriminate to ensure public safety, exemplified by driver license restrictions and other regulations such as speed limits, occupational licenses, and educational requirements for the university admission.

Explanation:

The question deals with the ways in which governments legally impose certain restrictions to maintain order and ensure safety, which could be perceived as discrimination but serve a public interest. The provided information demonstrates that while the equal protection clause mandates that all individuals should be treated equally under the law, there are instances where legal discrimination is permissible. This includes establishing a minimum age for smoking and drinking, setting requirements for obtaining a driver's license, and instituting educational requirements for university admissions. Driver license restrictions, for example, can include a requirement to wear corrective lenses while driving or limiting driving to daytime hours. These restrictions aim to ensure the safe operation of vehicles on public roads.

Governments establish such regulations through policies that may increase conformity costs, as seen in the example of speed limits, which limit a driver's ability to drive as fast as they might prefer. Similarly, an occupational license is another form of regulation that requires workers to complete specific education or pass certain tests to legally work in particular professions. Moreover, other terms like premium payments to insurance companies, membership in a risk group, and stipulations in a service contract or a product warranty also illustrate how regulations and requirements can affect various aspects of life and commerce.

Why might a letter-writing campaign get a company to change its business practices?

Answers

The company might fear that the letter-writing campaign will become a boycott if it doesn't respond.

Which principle of training focuses on individual and small unit skills?

Answers

There are many principles of unit training.
The Principle which focuses on individual and small unit skills is "Train Fundamentals First".
Fundamentals include warrior tasks and battle drills as well as full spectrum operations METL tasks. company level units establish the foundation. These tasks typically covers basic soldering, drills, marksmanship, fitness and military occupational specialty proficiency. 

A speaker compares two similar cases and infers that what is true for the first case is also true for the second. what is the term for this type of reasoning?

Answers

I believe it is deductive reasoning. Deductive reasoning is reasoning from one or more general statements, laws, or principles regarding what is already known to reach a logically certain conclusion.

The on-call perioperative team is called for an urgent surgery to be performed as soon as they arrive. what surgical procedure is considered emergent?

Answers

A repair of multiple stab wounds is considered emergent. Emergent surgeries are defined as having an increased chance of complications and may be life threatening. Emergent surgeries need to be performed immediately to stabilize a patient's condition as quickly as possible.

You are appraising a 5 year old home. of the livable square footage is 3,500 with a cost of $95 to replace according to a cost-estimating service and the 400 square foot garage can be replaced at $60 a sq foot, calculate the reproduction cost of the structure

Answers

The reproduction cost would be calculated by multiplying the living square footage by 95 and then adding that to the product of the garage times 60. Since different parts of the house have a different reproduction cost per square foot, we need to find the cost of each part and then add them together to get the whole. You need to use multiplication because each livable square foot has a cost of $95 and each garage square foot has a cost of $60. Another way to think about this is to say that we have 3,500 $95 parts. To calculate the reproduction cost of the livable space you would multiply $3,500 by 95 which gives you $332,500. To calculate the reproduction cost of the garage you would multiply 400 by $60 which would give you $24,000. To find the reproduction cost of the whole home we need to add the reproduction costs of the living area and the garage together, which would gives $356,500.

Final answer:

The reproduction cost of the structure is calculated by multiplying the livable area's square footage by its per square foot replacement cost, and doing the same for the garage, then adding both results together. The total reproduction cost of the structure is $356,500.

Explanation:

To calculate the reproduction cost of the structure, we need to determine the replacement cost for both the livable square footage and the garage separately. According to the provided information:

Livable area = 3,500 square feetCost to replace livable area = $95 per square footGarage area = 400 square feetCost to replace garage = $60 per square foot

First, calculate the cost of replacing the livable area:

3,500 sq ft × $95/sq ft = $332,500

Then, calculate the cost of replacing the garage:

400 sq ft × $60/sq ft = $24,000

Finally, add both costs to obtain the total reproduction cost:

$332,500 + $24,000 = $356,500

Therefore, the reproduction cost of the structure is $356,500.

The extent to which an innovation can be imitated by a competitor depends on

Answers

The extent to which an innovation can be imitated by competitors depends on the luxury wherein the machinery can be understood and recreate. This action does not offer enduring barriers, on the other hand it gives the visionary more time. This refers to Tacitness and Complexity of Knowledge

According to ruth schwartz cowan’s 1983 research, time-saving devices like the vacuum cleaner and washing machine have actually increased the amount of time women spend on housework. what explanation is given for her finding?

Answers

As the technologies related to household cleaning got improved, and so the quality of cleanliness required from women especially got stricter. Therefore the correct answer to this is:

“Standards of cleanliness have also risen, so even more cleaning is expected.”

What do you call an agreement made between different companies to charge the same amount for products?

Answers

Answer:price-fixing.

Explanation:

An agreement between different companies to charge the same amount for products is referred to as price-fixing.

What is price-fixing?

Price fixing is an anticompetitive pact between participants in a market who are on the same side to buy or sell a good, service, or commodity only at a set price, or to keep the market's conditions so that the price is kept at a specific level by managing supply and demand.

Price fixing may be done with the intention of driving up a product's price as high as possible, which typically results in profits for all sellers, but it may also be done to fix, reduce, or stabilize prices. Any agreement regarding price, whether it is explicit or inferred, is what distinguishes price fixing from other practices.

Some markets allow price fixing while others do not; in those that do, it is frequently referred to as "resale price maintenance" or "retail price maintenance."

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Which type of shopping is characterized by activities oriented toward a specific, intended purchase or purchases?

Answers

The type of shopping that is being identified above is acquisitional shopping because this is where consumers have the intention of visiting or going to the store to shop in a way that they would purchase products and acquire for services. It could be seen above as the shopping is characterized because of the consumers will of having to purchase a specific product.

Person who signs the loan contract with the borrower and promises to repay if the borrower does not

Answers

he will face consequenses
for example if a person borrows from a bank he will probably enter banrupcty

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