Question
In: Psychology
What is the legal effect of a financing condition in an offer?
What is the legal effect of a financing condition in an offer?
There is no contract until the vender provides the seller with financing.
The transaction will not proceed unless the buyer’s lender grants a mortgage.
The lender must approve the price, deposit, and method of payment.
The lender will be given control of the money needed to complete the deal.
Solutions
Expert Solution
The legal effect of a financing condition in an offer suggests that there is no contract until the vender provides the seller with financing.
This clause suggests that a legal sale wouldn’t get completed until the money or the financial terms is fulfilled. Until the seller gets the money, the contract wouldn’t be effective.
Hayet Jeridi answered 2 years agoRelated Solutions
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Three different plans for financing an $8,200,000 corporation
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Plan 2
Plan 3
10% Bonds
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_
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4,100,000
2,050,000
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$ 8,200,000
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Three different plans for financing a $2,800,000 corporation are
under consideration by its organizers. Under each of the following
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Plan 1
Plan 2
Plan 3
10% bonds
_
_
$1,400,000
Preferred 10% stock, $100 par
_
$1,400,000
700,000
Common stock, $2.8 par
$2,800,000
1,400,000
700,000
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$2,800,000
$2,800,000
$2,800,000
Round...
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Three different plans for financing an $5,000,000 corporation
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Plan 1
Plan 2
Plan 3
10% bonds
_
_
$2,500,000
Preferred 5% stock, $80 par
_
$2,500,000
1,250,000
Common stock, $5 par
$5,000,000
2,500,000
1,250,000
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Effect of Financing on Earnings Per Share Three different plans for financing an $6,300,000 corporation are...
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Three different plans for financing an $6,300,000 corporation
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amount, and the income tax rate is estimated at 40% of income:
Plan 1
Plan 2
Plan 3
10% bonds
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_
$3,150,000
Preferred 10% stock, $40 par
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$3,150,000
1,575,000
Common stock, $6.3 par
$6,300,000
3,150,000
1,575,000
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$ 6,300,000
$ 6,300,000...
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Plan 2
Plan 3
10% bonds
_
_
$4,250,000
Preferred 5% stock, $80 par
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4,250,000
2,125,000
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Three different plans for financing an $7,000,000 corporation
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Plan 2
Plan 3
10% Bonds
_
_
$3,500,000
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$3,500,000
1,750,000
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Plan 1
Plan 2
Plan 3
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