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.
Answer: b. 3% of the purchase price.
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Which of the following is not one of the hazards of pursuing a differentiation strategy?
a. charging too high a price premium for the differentiating features b. over-differentiating so that the features and attributes incorporated exceed buyer needs and requirements c. striving to create strong brand loyalty rather than being content with weak brand loyalty (which usually means lower costs and higher profitability) d. using features or attributes that rivals can easily copy e. overspending on efforts to differentiate the company’s product offering
A protective covenant may:
A) specify all the rights and obligations of the issuing firm and the bondholders. B) require the firm to retire a certain amount of the bond issue each year. C) restrict the amount of additional debt the firm can issue. D) do none of these.