What is the APR on a $700,000 fixed rate mortgage loan fully amortizing over 30 years if the stated annual interest rate is 5.5% and the lender charges 1.5% as an origination fee, $750 for an appraisal and $18 for a credit report? a.5.65% b.5.72% c.5.36% d. 5.5%
Q: Allan carelessly drops a log in the road, and he does not bother to remove it. After dark, Ben’s…
A: Tort law is a branch of civil law that addresses civil wrongs committed by individuals or entities,…
Q: Luzmia loves all animals and is starting a new grooming business for dogs, but she thinks some local…
A: Administrative law is a unique field of law that defines the management of administrative agencies…
Q: An investment center manager has responsibility for O a. investments made by the center. Ob. costs…
A: An investment center manager is the person in charge of an investment center's financial performance…
Q: We know that Tommy has asked Barbie to represent him in a business dealing. We do not know the…
A: The objective of the question is to identify the role that Barbie is playing in the given business…
Q: You wish to estimate the mean number of travel days per year for salespeople. The mean of a small…
A: The objective of this question is to determine the sample size needed to estimate the population…
Q: 17) Choose the riskiest position to take in the stock index options market if the stock market is…
A: Trading in the stock index options market allows you to speculate on the future direction of the…
Q: There is no federal statute of frauds. True False
A: The given statement is true. There is no federal statute of frauds.
Q: Simon is arranging a mortgage for his client, Adam, using his private investor. Susan. Simon feels…
A: Disclosure refers to the act of revealing or making known Simon's role as the representative of the…
Q: What is the significance of image rights contracts in sports? Question 7Answer a. They…
A: Contracts are like official promises between people or businesses, laying out what everyone involved…
Q: When Ms. M is about to replace the empty bottle of drinking water with a full one, Ms. M saw a dead…
A: The objective of the question is to determine whether Ms. M's lawsuit against Bottled Enterprise for…
Q: Michael Ross formed a limited partnership with his father-in-law, Robert Zane, to open a seafood…
A: Partnership refers to the form of business organisation where two or more than two people make a…
Q: Task 1: Implied Terms You are a well-known mechanic in your community and you agree to buy a car…
A: Sales agreements are the contracts that define what, when, and how a particular product or goods…
Q: Nowadays, the majority of businesses build websites in order to market and sell their goods. Which…
A: In today's digital era, businesses strive to establish a strong online presence through websites…
Q: Conduct of business regulation focuses on how firms conduct business with their customers and is…
A: The Securities Act and Regulations represent a nuanced and extensive framework or system of rules…
Q: May I get whistle blowing explained internally and externally ?and how should the process begin?
A: The organizational structure that directs a company's operations is called corporate governance. It…
Q: help
A: A closed mortgage refers to a mortgage loan agreement that has certain restrictions or limitations…
Q: Q4. Discuss the situations under which an LLC member might be held personally liable for the debts…
A: The legal framework that directs business and trade is known as business law. It effectively…
Q: 10. Questionable business practices according to antitrust agencies Complete the following table by…
A: Marketing strategies play an essential role in building the customer base, attracting the attention…
Q: Courts generally consider advertisements to be a: • Negotiation • Contract • Promise • Offer
A: In simple terms, advertisements are like friendly invitations from businesses to the public. They're…
Q: Verisony sells iPhones to the public. Verisony sold and delivered an iPhone to Muriel on credit.…
A: Verisony has honed his security interest in the iPhone. This is due to the iPhone being a consumer…
Q: Which of the following is an example of indirect discrimination? Question 2Answer a. All…
A: The objective of the question is to identify an example of indirect discrimination from the given…
Q: When should you use a secondary source for legal research?
A: The objective of the question is to understand the circumstances under which a secondary source…
Q: https://digitallibrary.un.org/record/657519/files/Promoting_confidence_electronic.pdf The reading,…
A: An electronic signature is one of the authentication tools or methods that is used for identity…
Q: Mickey’s Muscles enters into a franchise agreement with Planet Fitness that provides for termination…
A: The objective of the question is to determine whether a disagreement over pricing structure can be…
Q: Becky Fenton has 25/60/10 automobile insurance coverage. If two other people are awarded $33,000…
A: Insurance coverage is a crucial aspect of responsible vehicle ownership, providing financial…
Q: 49-5. Landlord-Tenant Relationships. Bhanmattie Kumar was walking on a sidewalk in Flushing, New…
A: In Bhanmattie Rajkumar Kumar v. PI Associates, LLC, the court held PI liable on the basis of…
Q: In US Supreme Court case O'Hagan v. United States (1997), O'Hagan was a lawyer working for Grand…
A: True, but needs clarification.
Q: A mortgage agent is arranging a private mortgage for a borrower. Out of the following, what…
A: Meticulous attention to detail is crucial in the ever-changing world of mortgage agreements to…
Q: What is the maximum coverage a person can obtain for a one-to-four family residential structure…
A: The National Flood Insurance Program (NFIP) is a government initiative aimed at providing flood…
Q: What information must be provided when you label a cook-chill product?
A: The term product labels refers to the tags that are provided on the products. Product labels can be…
Q: Anita, who is divorced, maintains a home in which she and her 16-year-old daughter live. Anita…
A: The term "dependent" can have various meanings depending on the context. Here are a few possible…
Q: 4. Briefly explain the three elements generally found in a corporate name and provide some examples…
A: Note: As per bartleby guidelines in case multiple questions are asked by the students then the…
Q: The Province of Saskatchewan, Canada hired a courier to deliver an envelope to a land registry…
A: The objective of the question is to determine whether the plaintiff's lawsuit against the courier…
Q: Imagine that you are a project manager at a construction company and your company is being sued. You…
A: The question is asking whether it is legally permissible to destroy or alter documents that could…
Q: Which of the following represents the MOST accurate contractual definition of "consideration"?…
A: The objective of the question is to identify the most accurate definition of 'consideration' in the…
Q: Jane was tired of living in the jungle with Tarzan and entered into a sales contract to purchase a…
A: Legal remedies are essential tools in resolving disputes and addressing breaches of contracts. When…
Q: 83. A broker would be guilty of harassment if his/her solicitations were A. limited to personal…
A: he real estate industry is governed by a set of ethical standards and regulatory frameworks designed…
Q: Regarding legality, the first right granted to minors in contract law cases is the right to…
A: Navigating the complexities of contract law, especially concerning minors, requires a clear and…
Q: Mark and Mary are a married couple who will file a joint return in 2021. They have $350,000 in Box 1…
A: Mark and Mary, a married couple filing jointly in 2021, have combined income from wages and capital…
Q: 7. 8. Briefly explain a franchise as a form of doing business and give an example. [LO10.7] Briefly…
A: Note: As per bartleby guidelines in case multiple questions are asked by the students then the…
Q: Heritage Loan Company extends credit in the ordinary course of its business. Under the…
A: The Truth-in-Lending Act (TILA) is a federal law in the United States that was enacted to promote…
Q: What are the complications of negotiable interests and when a holder in due course is vulnerable to…
A: Negotiable instruments work as lawful records that describe a right to receive a precise amount of…
Q: The U.S. is more aggressive than other jurisdictions in pursuing criminal penalties for violations…
A: Antitrust laws aim to encourage fair competition, preventing actions that harm consumers and disrupt…
Q: A country has a noninstitutionalized population of 243 million people. Out of that number, • 38…
A: The percentage of the non-institutional population that is employed is known as the labour force…
Q: Intangible capital assets are included in which CCA class(es) for income tax purposes? O A. Classes…
A: Intangible capital assets are crucial components for many businesses, contributing significantly to…
Q: Assignment Fact Pattern: Mary Jones hires John Smith, who is 16 years old, to mow her 50 acre lawn…
A: Mary Jones is bringing a breach of contract action against John Smith, who, after being hired to mow…
Q: Recording A statement providing an outline of coverage with evidence that insurance in force is…
A: A layer of financial protection that is obtained by means of contracts that people or organizations…
Q: Mr. Joplin sells a line of computer software for a company in Western Canada. In 2023, he was paid a…
A: The objective of the question is to calculate Mr. Joplin's employment income for the year 2023. This…
Q: (homeland security) Would you classify the following attacks as a criminal act or act of war?…
A: A criminal act, otherwise called a criminal offense or unlawful act, alludes to any way of behaving…
Q: Will is an appraiser. He accepts compensation based on the value of the property he is appraising.…
A: The objective of the question is to determine whether Will, an appraiser, is in violation of FHA…
What is the APR on a $700,000 fixed rate mortgage loan fully amortizing over 30 years if the stated annual interest rate is 5.5% and the lender charges 1.5% as an origination fee, $750 for an appraisal and $18 for a credit report?
a.5.65%
b.5.72%
c.5.36%
d. 5.5%
Step by step
Solved in 3 steps with 37 images
