Ask Question
BusinessBusiness
8 March, 06:34

A condition in a contract for the purchase of real property which makes the purchaser's obligation dependent upon his obtaining a given dollar amount of conventional mortgage financing

+4
Answers (1)
  1. 8 March, 10:30
    0
    The correct answer is: Required the purchaser to use reasonable efforts to obtain the financing.

    Explanation:

    The resolutory condition is a guarantee of payment when a deferred price is agreed or agreed upon in the sale and the seller intends to ensure the collection of said price.

    The express or explicit resolution condition in the purchase of an agreed property implies that in case of non-payment of the price or any of its terms, the resolution of the sale takes place, with the consequent recovery by the seller of the property that has been transmitted.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A condition in a contract for the purchase of real property which makes the purchaser's obligation dependent upon his obtaining a given ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The two most common terms associated with warranty disclaimers are _[blank 1]_ and _[blank 2]_. Select two answers. exclusions money back exceptions fitness
Answers (1)
What type of compensation is when employees receive a share of company profits?
Answers (1)
produces deluxe razors that compete with Gillette's Mach line of razors. Total manufacturing costs are $ 170 comma 000 when 20 comma 000 packages are produced. Of this amount, total variable costs are $ 80 comma 000.
Answers (1)
To safeguard against possible allegations of misconduct or unfair treatment, it is advisable to have a representative of the hr department present at termination meetings. a. True b. False
Answers (1)
Consider a palletizer at a bottling plant that has a fi rst cost of $150,000, operating and maintenance costs of $17,500 per year, and an estimated net salvage value of $25,000 at the end of 30 years. Assume an interest rate of 8 percent.
Answers (1)
New Questions in Business
After working for a few years to formulate just the right Greek yogurt product, Chobani decided it eventually wanted to mass-market through grocery stores.
Answers (1)
Name 3 elastic materials.
Answers (2)
Sasha is an agent for ABC Insurance Company. Under her agent contract, she is allowed to use the company's logo on her office door and on her business cards. What authority type does this illustrate?
Answers (1)
Champs Sports Bar in State College, PA has decided to perform a total cost analysis on vodka suppliers. Consumption is currently 6,000 bottles per year. Demand is predicted to stay at that level for the next few years.
Answers (1)
When radio is used as an advertising medium, which of the following statements is usually true. a. Local customers embrace radio advertising. b. Radio advertising is usually very expensive. c. Segmentation strategies cannot be applied. d.
Answers (1)
Home » Business » A condition in a contract for the purchase of real property which makes the purchaser's obligation dependent upon his obtaining a given dollar amount of conventional mortgage financing
Sign Up Forgot Password?