A seller accepts a written offer to purchase their property. Later, the seller refuses to perform to complete the transaction. Under the Statute of Limitations, the buyer needs to file a civil action due to the seller's breach of a written contract within:

a. one year from the seller's breach.
b. four years from the seller's breach.
c. one year from when the buyer signs.
d. four years from when the buyer signs.

Answer: b. four years from the seller's breach.

Business

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The board of directors of Ride World, Inc has declared $5.00 common stock dividend and accepted a plan to freeze the dividend at $5 per year indefinitely

What is the value of the Ride World's common stock if the required rate of interest is 15 percent?

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Why might someone choose to use itemized deductions instead of taking the standard deduction offered by the IRS?

A) It is easier to calculate your itemized deductions versus the standard deduction. B) You may have a lower tax liability if you itemize instead of using the standard deduction. C) Married taxpayers must use the itemized deductions only. D) Most computer tax software automatically itemizes deductions. E) both B and C are correct.

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