Hawkins wanted to purchase 200 acres of land for future subdivision, but did not have the necessary $65,000 cash. He persuaded his friend, Warner, to pay the $65,000 and purchase the land, and Warner then immediately signed a land contract for sale of the property to Hawkins for $88,000. This transaction would be:
A: A discounted mortgage;
B: A violation of the Real Estate Commissioner's regulations;
C: Voidable by Warner;
D: A valid purchase and resale.
Answer: D: A valid purchase and resale.
Business
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Answer the following statement true (T) or false (F)
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Which of the following terms is most likely to refer to a situation in which an application is not saved on your computer but is hosted by the software company and is available on the Internet, often for a monthly fee?
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