It is generally easier for a seller to terminate a land contract and recover possession of the property. Why?
a. Because many buyers within a land contract default
b. Because the courts are in favor of the forfeiture clauses and generally rule in the seller's favor
c. Because buyers within land contracts often do not have the finances to fight the seller in court
d. Because courts generally do not view land contracts as functionally equivalent to mortgages so they are usually not subject to mortgage laws.
Because courts generally do not view land contracts as functionally equivalent to mortgages so they are usually not subject to mortgage laws.
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The waiting or elimination period on one's disability insurance refers to the period after the disability during which no benefits can occur. The waiting period is equivalent to
A) the cost of one's total premium. B) one's annual salary. C) one's median income. D) 6 months of one's salary. E) the deductible for one's health care policy.
The holding period return (HPR) of one's portfolio should be compared to investment goals
I. to determine whether the rate of return is commensurate with the risk involved. II. to be sure one's portfolio is outperforming the S&P 500 Index. III. to isolate any problem investments. IV. to determine when to change benchmarks from the S&P 500 to the NASDAQ Composite Index. A) I and III only B) II and IV only C) I, II and III only D) II, III and IV only