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Billy Bob briefly considered and then rejected a deal because of the

0 votes

May 8th, 2013 06:39
in Managerial Economics by alfred67 (Toyota Technological Institute at Chicago (IL), Computer science)

Billy Bob briefly considered and then rejected a deal because of the “obvious” undesirable (to the borrower) terms embedded in the assumable mortgage on the property. That undesirable nature of the mortgage was a direct function of two options exchanged at closing between a prior buyer of the property and the existing mortgage holder. What are those two options? Be precise. (Answer?)

We have formed a society in our  college council where we provide e-resources to our subscribers related to exam material. I personally thought of including this question in it as well, because it is often tested in our exams. Please elaborate it.

6 Answers
0 votes

May 9th, 2013 18:31
somit (Ambedkar University, Delhi, Physics)
"The prior buyer got a modestly lower interest rate, in exchange for being locked out of prepaying the mortgage. (He gave the lender a PUT). But, he got an option to let a new buyer assume the mortgage, provided the new buyer passed a credit check with the mortgage holder. This was an older deal, from the early 2000’s. Source:http://in.docsity.com/en-docs/Appreciated_Property_-_Real_Estate_Investment_-_Solved_Exam_ "

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May 13th, 2013 09:40
shamir_69 (Bidhan Chandra Krishi Viswa Vidyalaya, Robotics and autonomous systems)
Easily perceived or understood; clear, self-evident, or apparent  

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May 13th, 2013 15:24
shareeka_555 (AMET University, Thermodynamics)
(1) whatever is rarely seen until someone expresses it. (2) that which is not seen lower than when it's well expressed. / (3) essentially the most difficult question to respond to.  

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May 14th, 2013 08:12
amla (Central University of Punjab, Chemistry)
A disorder of non-patentability during which an invention cannot get a valid patent just because a person with ordinary skill in that technology can readily deduce it from publicly published information (prior art).  

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May 14th, 2013 12:11
adiaa (Alliance University, Public management)
The concept that the claims defining an invention within a patent application must involve an inventive step if, as compared to precisely what is already known (i.e. prior art), it would not be obvious to someone skilled inside the art.  

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May 15th, 2013 07:06
devashish (Alliance University, Master in business administration)
I think you'll weren't sleeping when we discussed this earlier, because I won't repeat it.

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