An attorney will draw up a contract for the purchase of a house. What provisions should you have in it?
What will be an ideal response?
Answer:
-the price, method of payment, buyer and seller, date on which buyer will take possession
-a clear legal description of the property
-legal title to the house must be free of all liens, encumbrances and who pays for search
-certification that house is free of termite or radon problems
-a contingent on suitable funding clause
-the proportion of utilities, insurance, taxes, and interest paid by buyer and seller
-condition of the house at point of transfer
-any other agreements
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One of the highest profile companies, PepsiCo, which has done business in the Soviet and post-Soviet market for decades, has used this form of countertrade:
A) switch trading. B) barter. C) offset. D) compensation trading. E) counterpurchase.
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Indicate whether this statement is true or false.