Business, 28.01.2020 03:31 cganderson04
Abuyer purchased a parcel of land from a seller for $500,000. the buyer financed the purchase by obtaining a loan from the seller for $300,000 in exchange for a mortgage on the land. the seller promptly and properly recorded his mortgage. shortly thereafter, the buyer gave a mortgage on the land to a creditor to satisfy a preexisting debt of $100,000 owed to the creditor. the creditor also promptly and properly recorded its mortgage. within a year, the buyer stopped making payments on both mortgages, and the seller brought an action to foreclose on his mortgage. the creditor was not included as a party to the foreclosure action. the seller purchased the property at a public foreclosure sale in satisfaction of the loan. the creditor subsequently discovered the sale and informed the seller that it was not valid. who has title to the land? response - correcta the seller, because he gave a purchase money mortgage and the creditor's mortgage was for a preexisting debt. b the seller, because the public foreclosure sale extinguished the creditor's interest. c the seller, but he must redeem the creditor's mortgage to avoid foreclosure. d the buyer, because the seller's foreclosure action was invalid without the inclusion of the creditor as a necessary party.
Answers: 3
Business, 22.06.2019 17:30, levicorey846
Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u. s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.
Answers: 3
Business, 22.06.2019 23:30, lucycbrumby3150
Which external factor has enabled addition of special effects in advertisements and tracking of responses of customers over websites?
Answers: 3
Abuyer purchased a parcel of land from a seller for $500,000. the buyer financed the purchase by obt...
History, 13.09.2021 16:10
Physics, 13.09.2021 16:10
Social Studies, 13.09.2021 16:10
Mathematics, 13.09.2021 16:10