Explain the Idea Behind Ludwig Miles Van Der Rohe's Farnsworth

question 10

Essay

Explain the idea behind Ludwig Miles van der Rohe's Farnsworth House.List two advantages and two disadvantages of living in this transparent house.

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Definitions:

Prompt Payment Discount

A discount offered to buyers for paying their invoices early, encouraging faster payments.

Pledged

Assets or collateral that a borrower offers to a lender to secure a loan, which the lender may seize if the loan is not repaid.

Default Risk

The risk of loss to a lender from the borrower’s failure to pay the full amount due including interest and principal.

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for the financing of accounts receivable, inventories, and meeting short-term liabilities.