Fram signed a contract to sell his home to Mills, with possession to be given on May 1 . If Mills cannot obtain a mortgage by May 1 and the contract is silent about this, can Fram force Mills to close the transaction on May 1?
Yes. A financing contingency was not inserted in the contract.
You might also like to view...
Preferred shares may provide for redemption by the issuing firm in the future. Redeemable preferred shares carry which of the following redemption rights or obligations?
a. The issuing firm has the right to redeem the preferred stock under certain conditions. b. Mandatorily redeemable preferred stock has attributes of both long-term debt and shareholders' equity with the specified redemption time analogous to the maturity date of long-term debt. c. Some preferred stock is redeemable at the option of the holder with the owner of the preferred stock having the right to require the issuing firm to repurchase the shares. d. all of the above e. none of the above
For years, the Mogul Sheraton, a four-star hotel overlooking the Taj Mahal in India, offered free elephant and camel rides to hotel visitors. Few customers took advantage of this service. This is an example of a ________ gap in services marketing.
A. knowledge B. standards C. seniority D. delivery E. communication
A restrictive covenant stating that a house cannot be sold to someone who is not of the Caucasian race will be upheld by the courts
Indicate whether the statement is true or false
Which component of service-oriented DSS includes such examples as optimization, data mining, text mining, simulation, automated decision systems?
A) application programming interface B) analytics C) operations and administration D) metadata management