Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fay Wong purchased a brand new, detached one storey home and took possession from the builder on January 20, 2014. On March 15, 2016, the

image text in transcribed

Fay Wong purchased a brand new, detached one storey home and took possession from the builder on January 20, 2014. On March 15, 2016, the large living room window lost it's seal and between the two panes of glass she noted severe signs of moisture. Upon closer inspection, Fay discovered some water damage immediately below the window to the drywall and the hardwood flooring which she had recently installed. An investigation revealed that the problems are due to improper installation of the window. 0 Will Fay be able to make a claim for any of these problems under the Tarion Warranty Protection Program? Yes, the window and the drywall would be covered under the seven year warranty, but not the hardwood flooring because it was installed by the owner No, the window would need to be repaired within one year of the pre-delivery inspection and the drywall and hardwood flooring are excluded from any coverage. No, the window is covered under the two year warranty protection, and the repairs to the drywall and flooring would not be included in any coverage. Yes, the seven year warranty would cover all of the repairs to the window, the drywall, and the hardwood flooring a b c d Cottages can be located in remote, rural locations or within areas that are well developed and have full, municipal services. Which of the following statements is NOT potentially a problem a purchaser of a cottage property could face regarding access to their property? 31 The cottage is located on an island but the municipality has no land available for a parking area for automobiles along with a public boat dock and boat launch. a b T he access road to the cottage is privately owned and there is no registered easement which allows the buyer to cross the private property winter owners whose land abutted the area. c The road is public and is maintained during the summer months, but there is no maintenance during the d There was an unopened road allowance that the municipality closed and sold to the in hen a property is sold, buyers may need to complete an environmental audit to assess the potential for environmental hazards or contamination. Which of the following statements is correct regarding the different levels of analysis, also known as phases, of an environmental audit? 32 A Phase 1 audit involves a site inspection, a review of various documents, and an analysis of whe a ther b A Phase 3 audit determines the existence of contamination and the steps to remediate the site as this c A Phase 2 audit involves submitting the analysis to the Ministry of the Environment in order to determine d A Phase 4 audit sets out the time frame and costs associated with the required clean-up of a site that has reasons exist to advance to a Phase 2 audit which would include the testing of soil and water phase involves the sampling of water and soil to determine the extent of the contamination. standards required for clean up and the associated costs. environmental contamination, including a final inspection to verify the remediation is complete

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Essentials You Always Wanted To Know Self Learning Management Series

Authors: Vibrant Publishers , Kalpesh Ashar

5th Edition

1636510973, 978-1636510972

More Books

Students also viewed these Finance questions

Question

What does it mean when a bond is issued at a premium or a discount?

Answered: 1 week ago

Question

What is the weirdest thing in your home?

Answered: 1 week ago