When leasing commercial property that is merely a "shell" space, the landlord often agrees to spend a specific amount for a qualified tenant. This amount is property designated as:
A: A rent abatement;
B: A tenant improvement allowance;
C: A security deposit;
D: Earnest money deposit.
Answer: B: A tenant improvement allowance;
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What do trade credit terms of "2/15, net 30" mean to a buyer?
a. A discount of 20 percent is offered if the bill is paid within 150 days; otherwise, the entire amount is due within 300 days. b. A discount of 20 percent is offered if the bill is paid within 15 days; otherwise, the entire amount is due within 30 days. c. A discount of 1 percent is offered if the bill is paid within 10 days; otherwise, the entire amount is due within 30 days. d. A discount of 2 percent is offered if the bill is paid within 15 days; otherwise, the entire amount is due within 30 days. e. A discount of 2 percent is offered if the bill is paid within 30 days; otherwise, the entire amount is due within 15 days.
Which of the following is an exception to the privity rule?
A) rights of a plaintiff to sue an employer when their employee causes damages B) rights of a plaintiff to sue a parent for damages their child caused C) rights of a beneficiary of a life insurance policy to sue an insurance company if they are not paid D) rights of a lender to sue a wife for the debts of her husband E) all of the above illustrate the privity rule