Sign In
Not register? Register Now!
Essay Available:
Pages:
1 page/≈275 words
Sources:
Check Instructions
Style:
APA
Subject:
Business & Marketing
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 5.18
Topic:

Financial Services and Trading Institutions Problems

Coursework Instructions:

Financial Services & Trading Institutions Problems
Please watch the following video first
" https://www(dot)youtube(dot)com/watch?v=VRQ5RByMvS8"
Then answer the questions:
Please give your opinion on the 60 Minutes segment: "Just Walk Away", the video describing home owners who are walking away from their financial responsibilities because they no longer wish to pay their mortgages.
1. Do you think the banks did the right thing not modifying the mortgage?
2. The homeowners signed a contract with the bank. Doesn’t that mean anything?
3. Of the people Walking Away, 1 in 5 could pay their mortgage.
1) Regarding the bankruptcy law: is seven (7) years enough time for this type of bankruptcy to stay on your record?
2) Should the consequences be more, the same, less, or something different?
NEED TO SUMBIT ON THE Turnitin. Will check similarity.
Submission will be sent to Turnitin to be electronically reviewed for plagiarism.
Make sure you did your own work, use your own language to answer all the questions.

Coursework Sample Content Preview:

Financial services and trading institutions problems
Name:
Instructor:
Institution:
Date:
1. Do you think the banks did the right thing not modifying the mortgage?
No, they did not. The banks failed their customers by refusing to modify their mortgages. It is even more disturbing considering that some of the houses were overpriced but the banks still failed to modify the payment plans and the total price despite the effects of the pandemic. It simply shows that some banks prey on people, especially those who do not understand the concept of pricing in the real estate market.
2. The homeowners signed a contract with the bank. Doesn’t that mean anything?
All business contracts mean something because they explain the relationship and duties of each party in a transaction. However, in the video, the mortgage contracts were overpriced and were favoring banks. Even in a court of law, those mortgage contracts might be deemed unenforceable due to impossibility grounds. Impossibility is applied when performing a contract becomes too expressive or too difficult (Posner and Rosenfield, 2017). Therefore, although all...
Updated on
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
Order

👀 Other Visitors are Viewing These APA Coursework Samples: