Agent Sam has a purchase agreement to buy a house from Mr. Smith for $100,000. Agent Sam and Mr. Smith agree to new terms including a price of $102,000. and sign a new agreement to replace the old one. Then Agent Sam sells the right to buy the house for $102,000. to Mr. Jones who will go to the Act of Sale and actually buy it. What are two legal concepts that have occurred

Answers

Answer 1

Answer:

1. The substitution of a new contract for an old one.
2. The new agreement extinguishes the rights and obligations


Related Questions

Which of the following best defines money?
Just a multiple choice finance question for school.
Choose 1 answer:

A
Cash held in bank vaults

B
Currency that has intrinsic value, such as gold coins

C
Paper currency or coins

D
Any asset that is accepted as a way of paying for something

E
Paper currency or coins that are backed in value by gold

Answers

Answer:

B and C, D

Explanation:

A document that refers to a customer billing for merchandise bought on credit is called a(n):

Answers

Answer:

Invoice

Explanation:

A sales transaction can be defined as a business transaction between two or more individuals or organizations, which generally involves the buyer purchasing either a tangible or intangible goods and services from the seller (service provider) through the use of money, credit cards or vouchers.

An invoice can be defined as an accounting document which is used for recording the essential details of the payment of goods and services made by a customer. It is the first step in the sales transaction, as it is expected that the seller or service provider makes it available and issues it for all sales transactions. Also, it is an essential accounting document which serves as an evidence of payment and delivery of goods and services to the customer.

In conclusion, a document that refers to a customer billing for merchandise such as finished goods like television, smartphone, shirt, trouser, cup, radio, furniture, etc., bought on credit is called an invoice.

Explain why the credit industry wants you to believe that you need a credit score

Answers

Answer:

Because the credit industry gains a profit from it's users. Credit is a tool, and if used wisely can be beneficial for many people who don't have enough cash to pay for things. Having "good" credit score means that it's easier for you to receive a loan.

Let understand that Credit score refers the score which tells about a consumer's creditworthiness.

In practice, the higher the credit score of an individual, the higher the rate of repayment of credit gotten.

The Credit scoring is used the lenders to help them decide whether to borrow, extend or deny credit.

Therefore, the credit industry wants one to believe you need credit score because its helps them to ascertain your creditworthiness.

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a bank loaned out $30,000, part of it at the rate of 7% annual interest, and the rest at 2% annual interest. the total interest earned for both loans was $1,150.00. how much was loaned at each rate?

Answers

$11,000 was loaned at a rate of 7% and $19,000 was loaned at a rate of 2%.

To determine how much was loaned at each interest rate, we can set up a system of equations. Let's denote the amount loaned at 7% as 'x' and the amount loaned at 2% as 'y'.

We are given two pieces of information:
1) The total amount loaned is $30,000: x + y = 30,000
2) The total interest earned is $1,150: 0.07x + 0.02y = 1,150

To solve this system of equations, we can use the substitution method or the elimination method. We'll use here the elimination method.

Let's multiply the first equation by 0.02 to make the coefficients of 'y' the same in both equations:
0.02x + 0.02y = 600

Now, subtract this equation from the second equation:
0.07x + 0.02y - (0.02x + 0.02y) = 1,150 - 600
0.05x = 550

Divide both sides of the equation by 0.05:
x = 11,000

Now, substitute this value of 'x' back into the first equation to solve for 'y':
11,000 + y = 30,000
y = 19,000

Therefore, $11,000 was loaned at a rate of 7% and $19,000 was loaned at a rate of 2%.

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Discuss the social views that influence our relationship​

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Answer:

relationships with others influence how we communicate with them by many different factors. The relationship between people influence the way we interact with them. Giving hugs is generally for people you are close to, although you may shake someone's hand if you are not as close to them

Answer:

well what kind of relationship?

Explanation:

A firm sells 500 units of a good when it charges a price of $5. When it charges a price of $3 it sells 600 units. What is the price elasticity of demand (in absolute value)? Group of answer choices
2.75
1.24
0.36
0.72

Answers

The price elasticity of demand (in absolute value) is 2.75. So, the correct answer is 2.75.

The price elasticity of demand is calculated as the percentage change in quantity demanded divided by the percentage change in price. In this case, the initial cost is $5, and the amount required is 500 units. When the price decreases to $3, the quantity demanded increases to 600 units. To calculate the percentage change in the amount requested, we use the formula: Percentage change in the quantity required = [(new quantity - initial portion) / initial quantity] * 100 Percentage change in the amount demanded = [(600 - 500) / 500] * 100 = 20% To calculate the percentage change in price; we use the formula: Percentage change in price = [(new price - initial price) / initial price] * 100 Percentage change in price = [($3 - $5) / $5] * 100 = -40% Now, we can calculate the price elasticity of demand: Price elasticity of demand = (Percentage change in quantity demanded) / (Percentage change in price) Price elasticity of demand = 20% / -40% = -0.5. Since the price elasticity of demand is typically reported as an absolute value, we take the weight of -0.5, which is 0.5.

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In traditional economies, government controls all manufacturing.

Answers

Answer:

true

Explanation:

Does anyone know why my income summary amount for closing my debit balances is? This is for an accounting class.

Does anyone know why my income summary amount for closing my debit balances is? This is for an accounting

Answers

To close the income statement accounts with debit balances, you would debit the income summary account for the total amount of the debits in those accounts and credit each individual account for their respective debit balance.

Why should you do so?

The credit to the income summary account would then equal the total of the credits in the income statement accounts with credit balances. The resulting balance in the income summary account would be the net income or loss for the period.

The income summary account is a temporary account used in accounting to close out the balances of revenue and expense accounts at the end of an accounting period.

At the end of an accounting period, the balances in revenue and expense accounts are transferred to the income summary account. The purpose of this transfer is to determine the net income or loss for the period.

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whats mnbhkbhbhjbhbhkb

Answers

It’s jdusvshshdvrdhshsudgd

Indicate whether each item identifies an adaptive or innate immunity. - Second line of defense - Acid mantle- Clonal selection - Third line of defense - Vaccines - First line of defense - Memory - Agglutination

Answers

Adaptive immunity: Vaccines, agglutination, memory, clonal selection, the third line of defense.

Innate: acid mantle, the first line of defense, the second line of defense.

What is adaptive immunity?

The immune system's adaptive immune system, sometimes called the acquired immune system, comprises specialized, systemic cells and processes that either destroy infections or stop their growth. The adaptive immune system, which kills invasive pathogens, is similar to the innate immune system in that it consists of both humoral immunity components and cell-mediated immunity components.

The adaptive immune system is very specialized to each unique pathogen the body has faced, in contrast to the innate immune system, which is pre-programmed to respond to common broad categories of pathogens.

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kama bought 20 shares, each costing $750. she decides to resell her shares for $17,250. she pays 16% commission. calculate kama's income after selling her shares.

Answers

Kama's income after selling her shares, taking into account the 16% commission she paid, is $14,490.

To calculate Kama's income, we first need to calculate the total cost of the shares she bought, which is 20 x $750 = $15,000. When she sold her shares, she received $17,250, but she had to pay a commission of 16% of that amount, which is 0.16 x $17,250 = $2,760.

So her income after selling her shares is the difference between the amount she received and the commission she paid, which is $17,250 - $2,760 = $14,490.

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Answer:

-510

Explanation:

Which term best completes the outline?
?
economy
Economic freedom
Competition between businesses
Decisions motivated by profit
O A. Traditional
B. Mixed
C. Market
D. Command

Answers

Answer:

C. Market.

Explanation:

An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.

Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.

Basically, there are four (4) main types of economy and these are;

I. Mixed economy.

II. Command economy.

III. Traditional economy.

IV. Free market economy.

A free-enterprise system also referred to as capitalism or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, a free-enterprise system is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.

Simply stated, a free-enterprise system is a type of economy that is completely driven by demand and supply of goods and services.

The four (4) main elements or characteristics of a free enterprise system includes the following;

a. Profit: businesses are all out to generate revenue and profit through the sales of finished goods.

b. Economic freedom: means of production of goods and services are controlled by the people rather than the government. Thus, the producers are free to make their economic choices or decisions such as deciding on how much is to be charged on a product.

c. Private ownership of properties: the various factors of production are owned and allocated by the people. Thus, citizens have rights to the ownership and use of private property.

d. Competition: there are many buyers and sellers of homogeneous products, as well as free entry and exit in the market. Thus, consumers are free to make their economic choices or decisions such as deciding on which product to buy, which goods interest them, where to shop for goods, etc.

In conclusion, a market is characterized by the following economy;

I. Economic freedom

II. Competition between businesses

III. Decisions motivated by profit

is command

Explanation:

trust me

Which of the following is true about the process above? A. intrapleural pressure decreases
B. atmospheric pressure decreases
C. air moves out of the lungs
D. intrapulmonary pressure increases

Answers

The statement which true is A) ."The process above describes the events that occur during expiration.

About expiration

When we breathe out, the volume of the thoracic cavity decreases. This causes the pressure within the cavity to increase. As the pressure rises, it forces the air out of the lungs until the pressure in the thoracic cavity is equal to the atmospheric pressure. Intrapleural pressure is negative during breathing, and it becomes more negative during inspiration, which helps to keep the lungs inflated.

The decrease in intrapleural pressure is due to the fact that the lungs recoil when they lose air, and this makes the pleural membranes pull away from each other, causing the intrapleural pressure to drop.

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When market conditions are such that a passively managed portfolio no longer meets its target allocation, the tool most commonly used to rectify the situation is A) tactical management B) re-targeting C) sector rotation D) rebalancing

Answers

Answer:

D) rebalancing

Explanation:

Rebalancing in domain of marketing can be regarded as a process involving realiigment of weighting of portfolio of particular asset. It involves activities such as buying or even selling of asset in portfolio so that desired allocation/ risk is been maintaned. It should be noted that When market conditions are such that a passively managed portfolio no longer meets its target allocation, the tool most commonly used to rectify the situation is rebalancing.

What is true about contemporary Indian Economy

Answers

Answer:

There is a great scope for its growth in the future.

Hope this helps.

ricardo suffers from a mental illness. he has never been adjudicated mentally ill, but he struggles daily from his affliction. ricardo enters into a contract with joe to purchase joe's car for $500. is the contract valid?

Answers

Mental health has low-profit margins, and hospital systems know it. Large hospital systems are quite adept at figuring out where the profit is in health care.

What is the impact of mental health on business?

Employees with untreated depression have a 35% decrease in productivity, according to data provided by the American Psychiatric Association, which costs the U.S. economy $210.5 billion annually in lost productivity, absenteeism, and medical expenses. Around the world, one in eight people suffer from a mental illness. CEOs are significantly more likely than the general population to have mental health conditions, with 49 percent reporting problems. A little scrape beneath the surface and it's not hard to see why. Stress at the top is enormous and unremitting, and many CEOs are workaholics.

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The loan amount (principal) is $50,000 and the annual interest paid is $5,500. What is the annual interest rate

Answers

Answer:

The interest rate is 11%

Explanation:

The loan amount = $50000

Interest amount = $5500

Since the annual interest amount and the principal amount is given so we have to find the interest rate by using the given information. Below is the formula to find the interest rate.

Let the interest rate = x

Principal × interest rate = Interest amount

$50000 × r = $5500

r  = $5500 / $50000

r = 0.11 or 11%

The interest rate is 11%

jonathan mendez is deciding whether to study for his economics exam at a café down the street or go to a concert a few cities over. the time spent commuting to the concert is ____ in his opportunity cost calculations and represents a _____ cost.
a. Not included, sunk
b. Included, financial
c. Not included, financial
d. Included, nonfinancial

Answers

Jonathan mendez is deciding whether to study for his economics exam at a café down the street or go to a concert a few cities over. the time spent commuting to the concert is not included in his opportunity cost calculations and represents a sunk cost. Option a

This is because opportunity cost calculation

s take into account the value of the best alternative foregone, and the time spent commuting to the concert cannot be recovered.

This means that the time spent commuting is a sunk cost and is not included in the opportunity cost calculations.

Sunk costs refer to costs that have already been incurred and cannot be recovered. They are not taken into account when making decisions, as it does not make sense to consider costs that cannot be recovered or reversed.

Financial costs, on the other hand, are costs that have not yet been incurred and are taken into account when making decisions, as they can be avoided if the decision is changed.

Nonfinancial costs are costs that do not involve a monetary exchange and are also taken into account when making decisions.

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Calculate GDP by what is produced Question Using the information below, determine what percentage of total GDP for this country consists of durable goods. Round your answer to the nearest tenth. Components of GDP on the Supply Side (in trillions of dollars) Durable goods 3.2 Nondurable goods 2.8 Services 11.0 Structures 1.7 Change in inventories 0.2 Total

Answers

GDP is the total of government expenditure, investment, and consumption. so the GDP is 18.9

What Is the GDP Formula?

GDP is calculated as follows: GDP = C + I + G + (X-M). Consumer expenditure is represented by C, corporate investment by I, government spending by G, and net exports by (X-M).

GDP is calculated as private consumption plus gross domestic product plus government investment plus (exports – imports). The country's official statistical office often uses the international standard to compute GDP.

Components of GDP on the Supply Side (in trillions of dollars) Durable goods 3.2 Nondurable goods 2.8 Services 11.0 Structures 1.7 Change in inventories 0.2

GDP is the total of government expenditure, investment, and consumption.

GDP=C+I+G+(X−M)

3.2+ 2.8+ 11.0+1.7+0.2 = 18.9

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During the year, John, a sole proprietor, went from Milwaukee to Alaska on business. Preceding a five-day business meeting, he spent four days vacationing at the beach. Excluding the vacation costs, his expenses for the trip are: Air fare $3,200 Lodging 900 Meals 1,400 (just meals, no entertainment value in these meals) Presuming no reimbursement, deductible expenses are: a. $3,200. b. $3,900. c. $4,800. d. $5,500. e. $0, unreimbursed business expenses are not deductible from 2018 - 2025

Answers

Answer:

c. $4,800

Explanation:

The computation of the deductible expense is shown below:

= Air fare expense + lodging expense + meals (50% deduction allowed)

= $3,200 + $900 + $700

= $4,800

We take 100% the actual expense of air fare and lodging expense and considered 50% of meals and according to this the total amount of deduction is calculated

hence, the correct option is c.

An author writes a history book to be used in college courses. The copyright protection subsisting in that work applies to:

Answers

We should understand that copyright protection subsisting in his work applies to every other aspect of his work as well

The Copyright law is a law that protects owners of an original material from unauthorized duplication or use by another person.

The rights associated with a copyright protection includes:

right to make derivatives of a workright to reproduce a workright to lend a work.

In conclusion, the copyright protection subsisting in his work applies to every other aspect of his work as well.

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Allen Furniture Company is considering offering an inexpensive line of college dorm and apartment furnishings. If they move forward, they will renovate part of their store to accommodate this new stock. Before spending the money to redesign the store, they first want to find out customer interest. In a short response of approximately 100 words, describe some of the steps they should take as they consider this project.

Answers

Answer:

Allen Furniture Company should look into conducting a survey to gauge customer interest to find what they look for, need, and find attractive. They could do so by going to college campuses and conducting random interviews. For their apartment furnishings, they could look online to see what kind of product sell and do an analysis of customer interest that way and they could also conduct a survey for people that live in apartments. They could also look into a consultant that specializes in the field and is experienced with what customers like or want.

Latrice, Jorge, Francesca, and Seamus are on a team tasked with producing a document on educational assessment. Each of them will contribute to the document as they work collaboratively. This is a process known as:_______.
A. group writing.
B. multitasking.
C. collaborative technology.
D. the virtual watercooler.

Answers

Answer:

it's either a or c I believe

what is the law of demand and supply


Answers

Answer:The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines what effect the relationship between the availability of a particular product and the desire (or demand) for that product has on its price.

Explanation:

Multiple choice-- finances/economics-- help!
Joseph wants to invest money for a very long time. He doesn’t need the money back within any specific timeframe. He would like a very low-risk investment because he doesn’t want to lose any money. Which type of investment will BEST fit Joseph’s needs?
Group of answer choices

certificate of deposit

bond

401k

money market mutual fund

Answers

Answer:

certificate of deposit.

Explanation:

Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, monetary policy is used to increase money supply (liquidity) while it is also used to prevent inflation by reducing money supply.

Generally, money supply comprises of checks, cash, money market mutual funds (MMF) and credit (mortgage, bonds and loans).

In this scenario, Joseph wants to invest his money for a very long time and would like a very low-risk investment because he doesn’t want to lose any amount of money. Thus, the type of investment which will best fit Joseph’s needs is a certificate of deposit.

A bank certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.

Generally, a certificate of deposit pays a higher interest rate to its holder than the regular savings account because the banks invest the money in a business.

Additionally, a bank certificate of deposit is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000, eliminating the chance of a holder such as Joseph to lose any money.

Answer: it is NOT certificate of deposit

Explanation:

Just used that on the test and it was wrong

What is your idea of success?

Answers

Answer:

my idea of success is accomplishing all of one's goals.

what is a disadvantage of international trade

Answers

Another disadvantage of international trade is that sometimes developed countries export harmful products to other countries (generally developing) leading to damage to the environment of importing country and hence international trade poses an environmental hazard for nations doing international trade.
Hope this helped.

To induce an increase in consumption through a tax-cut, the smaller the MPC is, the ______ (same size/smaller/larger) the tax cut needs to be.

Answers

To induce an increase in consumption through a tax-cut, the smaller the MPC is, the larger the tax cut needs to be.

The MPC (marginal propensity to consume) represents the portion of additional income that a household or an economy as a whole is likely to spend.

When the MPC is smaller, it means that households tend to save a larger portion of additional income and spend a smaller portion.

In order to induce an increase in consumption through a tax cut, the tax cut needs to offset the tendency to save and encourage spending.

Therefore, when the MPC is smaller, a larger tax cut is needed to effectively increase consumption because a smaller proportion of the tax cut will be used for spending.

This is based on the concept of the multiplier effect, where changes in spending lead to multiple rounds of economic impact.

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Alejandro Yago leased a Jeep for $209.00 per month for 60 months.He paid a deposit of $850.00, a title fee of $45.00, and a license fee of $60.00. The lease carried a stipulation charging $0.12 per mile for all miles over 60,000. Alejandro drove the Jeep 73,524 miles. What is the total cost of leasing the vehicle?

Answers

Answer:

$14,267.88

Explanation:

The total cost of hiring the Jeep will consist of

1).  Monthly costs of leasing:  $209 x 60 = $12,540

2). Title fee =$45.00

3). License fee =$60.00

4). Stipulation charging : ( 73,524 - 60,000) x $0.12

=$13,524 x $0.12

=$1,622.88

Total cost =$12,540 +$45.00 +$60.00 +$1,622.88

Total cost = $14,267.88

Investors in middle management are most likely to be investing because they're nearing retirement or Question 4 options: they're bored. they can offer a high ROI. they're failed entrepreneurs. they're senile.

Answers

Answer:

high ROI

Explanation:

Answer: Bored

Explanation:

"Middle managers. Angels in middle management positions start investing in small businesses for two major reasons—either they’re bored with their jobs and are looking for outside interests, or they are nearing retirement, or fear they are being phased out." Quote from Textbook

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Because LimeStreaming and Telecom are private companies, which lack open market transactions, the generally accepted approaches for valuing a private business interest are:Method 1: The Capitalized Earnings Approach (LimeStream)Method 2 The Capitalized EBITDA Approach (LimeStream)Method 3: The Market Approach (Telecom)The Capitalized Earnings/EDITDA Approaches are a general way of determining a business value by using one or more methods wherein a value is determined by capitalizing or discounting anticipated future benefits. 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