Pablo contracts to sell his house and lot to Katie for $1 Million Dollars. The terms of the contract call for Katie to make depo
sit of 10 percent of the purchase prices as a down payment. The terms further stipulate that should the buyer breach the contract, Pablo will retain the deposit as liquidated damages. Katie makes the deposit, but because she expected financing of $900,000 balance falls through, she breaches the contract. A few weeks later, Pablo sells the house and lot to Maria for $1,050,000. Katie demands her $100K back, but Pablo refuses, citing that Katie's breach and the contract terms entitle him to keep the deposit. Discuss who is correct.
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Your position is logistician. I recently took the test and got all the answers correct, confirming this as accurate. Hope it helps (:
Answer: Achieving peace of mind
Explanation:
A secure retirement plan focused on financial stability includes:
Automating savings.
Managing impulsive spending.
Assessing spending habits and living frugally.
Investing towards future goals.
