Which of the Following Is True of a Land Contract

question 40

Multiple Choice

Which of the following is true of a land contract?

• A) The buyer agrees to pay the purchase price over a period of time.
• B) The trustee holds legal title to the property put up as security.
• C) If a buyer defaults, the seller does not have the right to declare forfeiture.
• D) The lender holds legal title to the property put up as security.

Recognize the importance of client and therapist variables in the outcome of psychological treatments.

Understand the concept of prevention and treatment options for psychological disorders.

Grasp the importance and methods of cultural competence in psychotherapy.

Identify the components and therapeutic techniques used in the management of psychological disorders.

---

Definitions:

Opportunity Costs

The cost of forgoing the next best alternative when making a decision, crucial in evaluating the true cost of any economic choice.

Law of Increasing Costs

An economic principle stating that as the production of one good increases, the opportunity cost of producing an additional unit of this good also increases, assuming all resources are fully utilized.

Capacity Utilization Rate

A measure of how efficiently a firm or economy is using its productive capacity, often expressed as a percentage of total potential output.

Full Capacity

The maximum level of output that a company can produce and supply under normal conditions.