In New South Wales,which of the Following Statements Is Not

question 23

Multiple Choice

In New South Wales,which of the following statements is not true in relation to the cooling- off period in the conveyancing process?

• A)Purchasers may rescind during the cooling- off period but they must pay 0.25% of the purchase price.
• B)There is no cooling- off period if the purchaser agrees to surrender the right and produces a certificate stating that their rights have been explained to them by a conveyancer.
• C)Purchasers have 5 days to rescind from the date of the exchange.
• D)Purchasers have 5 days to rescind from the date of settlement.
• E)A and B only.

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Net Loss

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Payment for rent that is made before the rental period begins, usually as a requirement by landlords before tenants occupy the property.

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An accounting record created at the closing of an accounting cycle to assign revenues and expenses to the relevant fiscal years.