A broker handling an earnest money deposit should follow the terms of the agreement according to legal obligations. If the agreement specified that failure to secure financing would result in forfeiture of earnest money, then the seller's claim could be valid. The earnest money deposit serves as collateral showing the buyer's serious interest in purchasing the property.
Explanation:In the given scenario, if the buyer of a residential property sends written notification to the listing broker that they've been unable to secure financing according to contract terms and requests a return of the earnest money deposit, the broker should follow the legal norms that apply in their region. Typically, earnest money deposits are put in escrow, and release of these funds generally requires agreement from both parties (buyer and seller). If the seller instructs the broker to retain the earnest deposit as liquidated damages, the broker would have to follow the terms of the agreement in line with legal obligations.
Assuming the purchase agreement specified that failure to secure financing would mean forfeiture of the earnest money to the seller, the seller could lawfully claim the deposit. However, if there was a clause allowing for return of the deposit under these circumstances, the seller's claim may not be valid and might have to be challenged in court.
Earnest Money DepositAn earnest money deposit is a collateral given by the buyer to show their serious interest in buying the property. Its main purpose is to protect the seller from a buyer's last-minute change of mind. It often ranges from 1% to 5% of the purchase price and is typically fully refundable if conditions outlined in the purchase agreement are met.
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Which level of scrutiny must affirmative action policies now meet?
The level of scrutiny for affirmative action policies varies based on the jurisdiction and circumstances. In the United States, the Supreme Court has established three levels of scrutiny, which are strict scrutiny, intermediate scrutiny, and rational basis review.
What is affirmative actionAffirmative action is a set of policies and practices aimed at promoting equal opportunity and addressing historical discrimination. It involves taking proactive steps to increase representation and provide fair access to underrepresented or disadvantaged groups. The goal is to create a more inclusive society through measures like outreach programs, targeted recruitment, and preferential treatment.
Affirmative action is a debated topic, with critics raising concerns about reverse discrimination, while supporters argue it is necessary to address systemic inequalities. Implementation varies across countries and institutions.
When race based classifications are involved, strict scrutiny is typically applied. This means the government must show a compelling state interest and prove that the policy is narrowly tailored to achieve that interest.
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list the steps of the decision making process.
Kevin just deposited $13,000 into his savings account at traditions bank. the bank will pay .87 percent interest, compounded annually, on this account. how much interest on interest will he earn over the next 5 years?
Management by objective is part of which type of performance appraisal system?
A public agency needs specialized services that it does not normally provide. it will be more cost-effective for the agency to buy the service from a private agency. the private agency then assumes responsibility for developing and overseeing service provision. this type of transaction is called:
This contract governs the public agency's acquisition of services from the commercial agency. The agreement is legally binding. It describes the conditions and terms of the services provided.
What is private and public agency?The above-mentioned sort of transaction is referred to as a purchase-of-service contract. The public agency's acquisition of services from the commercial agency is governed by this contract. The agreement is enforceable in court. It outlines the conditions and terms of the offered services.A private corporation is typically owned by its founders, management, or a collection of individual investors. A corporation that has sold all or a portion of itself to the general public through an initial public offering is referred to as a public company. Any individual, partnership, association, business, or other organization that isn't a public agency and is permitted by law to condemn property is referred to as a private agency.To learn more about private and public agency refer to:
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Toybox, inc., manufactures the spintop, a toy that the company has discovered can cause harm. before anyone is injured, anne, a pediatric nurse who has not purchased a spintop, files a suit against toybox. in seeking to have the suit dismissed, toybox's best argument is that anne does not have:
Rick is looking to put some money in a savings account with a 3.8% interest rate. he currently has $4,780 saved, and he is trying to save $5,800. what else does rick need to know in order to determine which savings account to choose?
An otr® asks a client with impaired balance to dust and polish a bookshelf in standing position without upper-extremity support. the otr® notes no loss of balance during reaching and bending tasks. how would the otr® appropriately grade the activity to provide the just-right challenge?
The supported commander's ____________ gives the service components, supporting commands, and agencies a detailed oplan, and it formally tasks those involved to prepare for the operation.
The correct answer is exord. An exord is being defined in military form by which this implies to having an order to be implemented or a specific order to be carried out in which is specified and detailed that are to be provided to the group.
How mcuh will a person pay for 6.8 pounds of bananas at a price of $1.19 per pound?
The ________ consists of the unofficial but influential means of communication, decision making, and control that are part of the habitual way things get done in an organization. grapevine informal organization information tunnel interpersonal channel
Based on organizational management, the "grapevine " consists of the unofficial but influential means of communication, decision making, and control that are part of the habitual way things get done in an organization.
This is because grapevine is sometimes referred to as informal communication.
It often consists of rumors and can move from top to bottom or bottom to top in an organization.
It is sometimes referred to as gossips in an organization and can be termed informal or unofficial conversation.
Hence, in this case, it is concluded that the correct answer is option A. "Grapevine."
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A white woman goes into an upscale shop to look at clothes. she is excited to see that there is a sale and gathers a huge pile of clothes to take into the dressing room. an african american woman goes into the store and is also excited about the sale but hesitates to take too many clothes into the dressing room because she is afraid the staff will think she might shoplift. w.
e.
b. du bois would say that the african american woman has:
The African American woman is concerned that the staff and customers in the fancy establishment would racially profile her.
What do you mean by African American woman?Beyond Rosa Parks and Katherine Johnson, one of the NASA mathematicians who helped put Americans in orbit for the first time, the groundbreaking firsts go back centuries.
Throughout the year, not just during Black History Month, it's critical to keep in mind these women and how they contributed to the development of society.
In an interview with Teen Vogue, Nadia Valentine, a former Drake University broadcasting major, underlined the significance of recognizing notable Black historical people.
It is so vital to see these folks contribute to a developing society, she remarked. Nadia, a Black woman, claimed that during Black History Month, her white mother used to ask her to spend some time after school researching significant Black historical people.
Although Mary McLeod Bethune understood the need of education, she also understood that it was challenging for young Black children to succeed, particularly in the segregated South.
According to PBS, she struggled to finish school and worked on a plantation to support her family before she decided to pursue a career in education and started the Daytona Educational and Industrial Institute for Girls in 1904.
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how many people lost their jobs when the minimum wage increased from $12 to $18
Kuzu company discovers in 2015 that its ending inventory at december 31, 2014, was $7,000 understated. what effect will this error have on
The total output produced by a firm divided by the quantity of workers employed by the firm is the definition of
I am trying to understand the Opportunity cost. Can anyone help me please? I can't seem to get Economics, I really need help. You work as an assistant coach on the university swim team and earn $15 per hour. One day, you decide to skip the hour-long practice and, instead, go to the county fair, which has an admission fee of $9.
You bought a stock one year ago for $ 50.00 per share and sold it today for $ 55.00 per share. It paid a $ 1.00 per share dividend today. What was your realized return?
Arises when there are many firms each selling an identical product, many buyers, and no restrictions on the entry of new firms into the industry. ▼ oligopoly monopoly monopolistic competition perfect competition is a market structure in which a large number of firms compete by making similar but slightly different products. ▼ oligopoly monopoly monopolistic competition perfect competition is a market structure in which a small number of firms compete. ▼ oligopoly monopoly monopolistic competition perfect competition arises when there is one firm which produces a good or service that has no close substitutes, and the firm is protected by a barrier preventing the entry of new firms.
Perfect competition is a market with many firms selling identical products, monopolistic competition involves firms selling similar but differentiated products, oligopoly is when a few firms dominate the market, and monopoly is when there is only one firm with a unique product and barriers to entry.
Explanation:The market structure characterized by many firms selling an identical product, with many buyers and no entry restrictions, is called perfect competition. A market with many firms selling similar but slightly different products and competing against each other is known as monopolistic competition. A structure where only a few firms exist and dominate the market, often selling identical or similar products, is termed an oligopoly. Finally, when a single firm produces a unique good or service with no close substitutes and is protected by barriers that prevent new firms from entering, the structure is known as a monopoly. In an oligopoly, firms may face the temptation to collaborate similarly to a monopoly or compete against each other, affecting market outcomes for prices and quantities. In monopolistic competition, firms seek to differentiate their products to stand out, which can lead to non-price competition, such as advertising, but also can result in inefficiencies as firms do not produce at the lowest point on their average cost curves.
Which agency is responsible for approving states' special education plans and releasing idea funds accordingly?
The United States Department of Education is responsible for approving state special education plans and releasing IDEA funds to State Educational Agencies, which then allocate to Local Education Agencies.
The agency responsible for approving states' special education plans and releasing IDEA funds is the United States Department of Education. This process is a part of the Individuals with Disabilities Education Act (IDEA) which ensures that children with disabilities are provided with Free Appropriate Public Education (FAPE) that is tailored to their individual needs. Once the states' plans are approved, the federal government provides funds to State Educational Agencies (SEAs), which are then responsible for distributing these funds to Local Education Agencies (LEAs). These agencies ensure that the funds are allocated to the schools in accordance with the specific formula designed to target assistance programs or school-wide improvements when necessary. IDEA funds are aimed at making educational resources more equitable across various schools. Additionally, school boards have several roles to play, including mandating instruction in key areas, approving state assessment pass scores, and overseeing investments in the Permanent School Fund, among others. Despite the federal contribution, it’s important to note that the majority of school funding, approximately 91 percent, comes from state and local sources.
________ in an organization is the division of labor. for example, in a publishing company, there are people who acquire manuscripts (sponsoring editors), people who edit manuscripts (developmental editors), and people who turn manuscripts into printed books (production editors).
The division of labor inside an organization is called process specialization. "Process Specialization" refers to the division of a community's complete work-in-progress into distinct processes and the assignment of distinct individuals to each process.
What is the division of labor?The splitting of a work process into a set of tasks, each of which is carried out by a different person or group of people, is known as the division of labor. It is most commonly used in mass manufacturing processes and is one of the main organizational principles of the production line.
By dividing a complex production activity into many, or many, smaller ones, division of labor integrates specialization and subtask division. The importance of the division of labor in economics stems from the fact that it allows a given number of people to create significantly more output than they could if they were all working independently.
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What are three characteristics that may make a place well-suited, or poorly-suited, for industry?
if the supply of a pair of jeans is less than what would meet customer demand, what would likely happen to the average market price of the jeans?
A. the average market price is exactly the same as the equilibrium price.
B. the average market price is higher than the equilibrium point.
C. the average market price Is lower than the equilibrium point.
D. the spot price and the average market price are the same
Answer:
C
Explanation:
The average market price is lower than the equilibrium point
When supply cannot meet customer demand, it results in a shortage which typically causes the average market price of the item to increase, settling higher than the equilibrium price.
Explanation:If the supply of a pair of jeans is less than what would meet customer demand, the likely outcome is that the average market price of the jeans would increase. When the quantity supplied is less than the quantity demanded, it creates excess demand or a shortage. According to basic economic principles, this shortage puts upward pressure on the price, causing it to rise above the equilibrium point until the quantity supplied and quantity demanded are equal again. Therefore, the correct answer is B: the average market price is higher than the equilibrium point.
Which of the following actions is a part of information management:
a. Creating technology
b. Observing competitors
c. Creating data
d. Disseminating information
A baseball player's son is quite talented; he has received lots of awards over the years. when he gets up to bat, he expects to get a hit, and when he is in the field, he expects to make every catch. according to bandura, what characteristic does this young man seem to have? self-regard self-centeredness self-efficacy self-actualization self-worth
When the price of a bond is above the equilibrium price, there is excess ___ in the bond market and the price will ___.
a. demand; rise
b. demand; fall
c. supply; fall
d. supply; rise?
The potential for your monthly living expenses to increase and the fact that your money is not being invested are both _____.
disadvantages to renting
disadvantages to buying a home
advantages to buying
advantages to renting
Answer:
your monthly living expenses increasing and your money not being invested are both disadvantages to renting
Explanation:
Renting a house has a disadvantage because in renting a house your rent aren't fixed and can mostly likely be hiked monthly or even yearly and this contributes to increase in your living expenses without giving you any form of returns on investment. unlike with buying a home where you can claim deductions for mortgage interest and property taxes when you file your tax returns renting a home doesn't give you such
A course of action to solve a problem is to choose a(n) _____, a possible course of action.
A course of action to solve a problem is to choose the best possible way for the course of action.
What is course of action?The best possible plan or way which is used or executed by an individual or a firm so that time and energy can be saved is course of action.
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As of 2011, about how large was the world's human population, and about how long will it take to add another billion
Milio is having coffee in a coffee house when he sees jordan, who is the dean of a midwest business school. milio used to teach at jordan's prior school and was considered a very valuable faculty member. they haven't seen each other for years, and jordan has no idea what milio has been doing or where he's currently working. she tells him that she has a position for him if he's interested. the next day milio quits the university he's under contract with and signs a contract with jordan's school. jordan's school can be sued for tortious interference with existing contractual relationship.
Based on the scenario, it is considered to be false. The school of Jordan won’t be sued for tortious interference with existing contractual relationship because it doesn’t even prove that the person involved had intentionally damage one’s contractual or business relationship of which Jordan didn’t even engaged to.
Answer:
False
Explanation:
Tortious interference occurs when a third party intentionally interferes with an existing contractual obligation between involving two parties. Usually the third party's intervention will cause economic injury to one party that is involved in the contract.
In this case, Jordan hadn't seen Milio for several years and met him accidentally at a coffee shop. Since she knew he was a very good teacher, she offered him a job, but she wasn't aware of where Milio worked or even if he was working at all. Jordan did actually interfere with Jordan's current contractual relationship but didn't do it intentionally and she didn't try to cause any harm.
When the sales of a certain brand of diet soda slowed, a national grocery retailer decided to drop the price of that product, which resulted in a large increase in sales of the soda. this sales increase is a type of?