Liquidated damages paid on default by the buyer of a single-family residence who intended to occupy the dwelling cannot exceed what percentage of the purchase price?
a. 1%
b. 3%
c. 7%
d. 10%
Answer: b. 3%
Business
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For public U.S. nonfinancial firms over the years 1980-2000, the composite market-to-book equity ratio generally:
a. increased from 1980-2000 b. decreased from 1980-2000 c. remained stable from 1980-2000
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