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
When an organization splits naming zones, the names of its hosts that are accessible only from an intranet are hidden from the Internet. Which of the following best describes why this is done? a. To prevent attackers from accessing servers b.
Answers (1)
A law firm, Morris & Morris, accumulates costs associated with individual cases using a job order cost system. On August 5, the firm charged 200 hours of professional (lawyer) time to the Micro Systems Co.
Answers (1)
Chet, a minor, signs a contract with porsha, an adult. the contract is
Answers (1)
Which of the following statements is correct regarding revenues? O Revenues will cause assets to decrease. O Revenues do not affect equity. O Revenues cause equity to increase. O Revenues cause equity to decrease.
Answers (1)
The company believes that these efforts have increased the fair value of the entire company by $325,000. How much goodwill can the company recognize at the end of the year associated with these expenditures?
Answers (1)
New Questions in Business
What is the Present Value of the following cash flows at an interest rate of 7% AER? A.) $900 received one year from now. B.) $900 received 10 years from now. C.) $900 received each year beginning 1 year from now and ending in 10 years. D.
Answers (1)
Which of the following statements is true? A. If a department head is ethical, then the entire department is ethical. B. Under the formal ethical code, police officers can accept gratuities from business owners as long as they follow specific rules.
Answers (1)
When discussing the balance of trade, which of the following is an umbrella statistic that encompasses the other three?
Answers (1)
Castillo Company has a defined benefit pension plan. At the end of the reporting year, the following data were available: beginning PBO, $81,000; service cost, $18,600; interest cost, $5,600; benefits paid for the year, $9,600; ending PBO, $95,600;
Answers (1)
Tina Dooley, a salesperson, ordered this listing in the real estate section of the local phone directory: Tina Dooley, Real Estate Salesperson, Residential Property My Specialty." What additional information must be included
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?