Which statement accurately describes a trade deficit?
Answer: The U.S. has a trade surplus with Australia, however our net balance of trade is a deficit
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If a buyer intended to occupy the property as a principal residence when the purchase contract was signed, the liquidated damages paid cannot generally exceed:
a. 2% of the purchase price. b. 3% of the purchase price. c. 5% of the purchase price. d. Whatever was agreed-upon.
A parcel of land is described using the following metes and bounds description: Starting at a point of beginning located at the southwest corner of Jones Road and Smith Road, thence south 310 feet, thence west 250 feet thence north 275 feet, thence east 200 feet. Would this be a valid description?
A. Yes, it starts at a point of beginning. B. Yes, it contains direction and distances. C. No, it fails to return to the point of beginning. D. No, it fails to locate the point of beginning (P.O.B)