This topic contains a solution. Click here to go to the answer

Author Question: There is a three-day rescission period on home equity loans. Indicate whether the statement is ... (Read 156 times)

danielfitts88

  • Hero Member
  • *****
  • Posts: 535
There is a three-day rescission period on home equity loans.
  Indicate whether the statement is true or false

Question 2

Jim Braun has been a partner in a real estate investment partnership with Alicia Kaynes for 10 years. When the real estate market took a downward turn, one of their investments in a strip mall became a cash drain. Jim refused to contribute any more cash and withdrew from the partnership. Alicia was left to manage the property. Before she could sell it, Alicia had put in 125,000 into the strip mall property. Following the sale, Alicia demanded one-half of the 125,000 from Jim. Jim said he is not liable because he left the partnership.
 A) Jim is correct; he withdrew and his liability ended.
 B) Alicia is correct; Jim owes her his share of what she paid.
 C) Neither is correct; how much Jim owes depends on when he withdrew.
 D) None of the above



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

itsakadoozi

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

TRUE

Answer to Question 2

B




danielfitts88

  • Member
  • Posts: 535
Reply 2 on: Jun 24, 2018
:D TYSM


deja

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

For a complete list of videos, visit our video library