A buyer orders a termite inspection and termite damage to the structure is found. Who is responsible to correct the existing damage?
A. The buyer ordered the report and would pay for inspection and any damage found.
B. The buyer would pay for damages and the seller would pay for the inspection.
C. The seller would pay for the damages and the buyer would pay for the inspection.
D. The party specified in the sales contract.
Answer: D. The party specified in the sales contract.
You might also like to view...
Which of the following best describes horizontal analysis?
A) comparing financial statement amounts from year to year for the same company B) expressing each financial statement amount as a percentage of a budgeted amount C) comparing a company's financial statements with other companies D) calculating key ratios to evaluate performance
When r = 0, this means that X and Y are unrelated
Indicate whether the statement is true or false