What is a contingency clause to a contract for the sale of a home?
What will be an ideal response?
A contingency clause is an action that must be taken or a condition that must be resolved before the sale of a home may take place.
You might also like to view...
Liberty Industries purchased merchandise worth $1,800 on credit, terms n/30 and returned merchandise worth $200 on the next day. What is the required journal entry to record the merchandise returns under the perpetual inventory system?
A) Accounts Payable 200Purchases Returns and Allowances 200 B) Accounts Payable 200Merchandise Inventory 200 C) Merchandise Inventory 200Purchases Returns and Allowances 200 D) Purchases Returns and Allowances 200Merchandise Inventory 200
In reference to protection of private and intellectual property rights, IPRI stands for ______.
a. Intellectual Property Rights Index b. Internal Property Rights Index c. International Proprietary Reference Index d. International Property Rights Index
The order quantity in a periodic review system rises as the on-hand inventory falls
Indicate whether the statement is true or false.
If a project is acceptable using the net present value criteria, then it will also be acceptable under
the less stringent criteria of the payback period. Indicate whether the statement is true or false