A land contract would be useful in which of the following situation?
A. When money is available and the buyer has good credit .
B. When the buyer can qualify for conventional financing.
C. In a tight money market when it is difficult to qualify the buyer for conventional financing.
D. The seller needs all cash at closing
Answer: C. In a tight money market when it is difficult to qualify the buyer for conventional financing.
Business
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An excess spread account incorporated into a securitized structure is designed to limit:
A. credit risk. B. extension risk. C. Contraction risk.
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The use of aggressive personal selling and trade advertising by a manufacturer to convince a wholesaler or retailer to carry and sell its merchandise is known as which type of strategy?
a. pull b. strong-arm c. push d. foot-in-the-door
Business