Martina Is Purchasing a Home in Winnipeg

question 3

Multiple Choice

Martina is purchasing a home in Winnipeg.The closing date is October 1.Each year's real property taxes are payable in June for taxes owed up to December 31.The amount of the taxes paid by the vendor for the entire year is $2400.In the circumstances of this transaction,which of the following is a valid statement with respect to an adjustment on taxes?

• A) The vendor will receive approximately $1200 in adjustment from the purchaser.
• B) The vendor will receive approximately $600 in adjustment from the purchaser.
• C) The purchaser will receive approximately $1800 in adjustment from the vendor.
• D) The purchaser will receive approximately $800 in adjustment from the vendor.

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Definitions:

Complaint

A formal statement expressing dissatisfaction or alleging harm from an action or event.

Registered Agent

A designated individual or entity officially responsible for receiving legal documents on behalf of a corporation or LLC.

Testimony

A formal written or spoken statement, especially one given in a court of law by a witness.

Gainsay Evidence

Evidence or arguments presented to challenge or dispute a claim or assertion.