This agreement is made on. of seller, and "seller", , of between [address "buyer, of (address of buyer]. Seller and buyer collectively are referred to as "the parties." Section I. Seller will sell to buyer all timber now standing on a tract of land identified as follows: egal description of land]. The price of such timber will be per ton in the amounts described as follows: 8" top pine trees 6" top pine trees 10 "top hardwood trees_ ton per ton per ton _per Section II. Buyer, without additional charge, will cut all timber covered by this agreement and will place it on transport conveyances provided by buyer. Section III. Buyer must make every effort to cut and haul to market Section IV. loads per day. Payment must be made for each load of timber within Section V. days after receipt of that load by buyer. Buyer must complete severance of said timber on or before [due date of severance]. Section VI. If buyer does not complete severing the timber by [date for completion], seller must pay to Seller $per day as liquidated damages, and not as a penalty, for every day's delay in the failure to sever. However, this agreement shall terminate __days after the due date for severance after which time all ownership rights of unsevered timber shall revert to seller, his heirs, and/or assignees. Executed at [place of execution] on [date of execution]. seller] buyer] [Name of [Name of
This agreement is made on. of seller, and "seller", , of between [address "buyer, of (address of buyer]. Seller and buyer collectively are referred to as "the parties." Section I. Seller will sell to buyer all timber now standing on a tract of land identified as follows: egal description of land]. The price of such timber will be per ton in the amounts described as follows: 8" top pine trees 6" top pine trees 10 "top hardwood trees_ ton per ton per ton _per Section II. Buyer, without additional charge, will cut all timber covered by this agreement and will place it on transport conveyances provided by buyer. Section III. Buyer must make every effort to cut and haul to market Section IV. loads per day. Payment must be made for each load of timber within Section V. days after receipt of that load by buyer. Buyer must complete severance of said timber on or before [due date of severance]. Section VI. If buyer does not complete severing the timber by [date for completion], seller must pay to Seller $per day as liquidated damages, and not as a penalty, for every day's delay in the failure to sever. However, this agreement shall terminate __days after the due date for severance after which time all ownership rights of unsevered timber shall revert to seller, his heirs, and/or assignees. Executed at [place of execution] on [date of execution]. seller] buyer] [Name of [Name of
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!
![This agreement is made on.
of seller, and
"seller",
, of
between
[address
"buyer, of (address of
buyer]. Seller and buyer collectively are referred to as "the
parties."
Section I.
Seller will sell to buyer all timber now standing on a tract of
land identified as follows:
egal description of land]. The price of such timber will be per
ton in the amounts described as follows:
8" top pine trees
6" top pine trees
10 "top hardwood trees_
ton
per ton
per ton
_per
Section II.
Buyer, without additional charge, will cut all timber covered by
this agreement and will place it on transport conveyances
provided by buyer.
Section III.
Buyer must make every effort to cut and haul to market
Section IV.
loads per day.
Payment must be made for each load of timber within
Section V.
days after receipt of that load by buyer.
Buyer must complete severance of said timber on or before
[due date of severance].
Section VI.
If buyer does not complete severing the timber by
[date for completion], seller
must pay to Seller $per day as liquidated damages, and not as
a penalty, for every day's delay in the failure to sever. However,
this agreement shall terminate
__days
after the due date for severance after which time all ownership
rights of unsevered timber shall revert to seller, his heirs, and/or
assignees.
Executed at [place of execution] on [date of execution].
seller]
buyer]
[Name of
[Name of](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc2a61c01-b24c-4fdb-a95a-092431a158dc%2F937d6a38-d40d-4432-a269-47e0b6bc61e4%2F9d4iiwd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:This agreement is made on.
of seller, and
"seller",
, of
between
[address
"buyer, of (address of
buyer]. Seller and buyer collectively are referred to as "the
parties."
Section I.
Seller will sell to buyer all timber now standing on a tract of
land identified as follows:
egal description of land]. The price of such timber will be per
ton in the amounts described as follows:
8" top pine trees
6" top pine trees
10 "top hardwood trees_
ton
per ton
per ton
_per
Section II.
Buyer, without additional charge, will cut all timber covered by
this agreement and will place it on transport conveyances
provided by buyer.
Section III.
Buyer must make every effort to cut and haul to market
Section IV.
loads per day.
Payment must be made for each load of timber within
Section V.
days after receipt of that load by buyer.
Buyer must complete severance of said timber on or before
[due date of severance].
Section VI.
If buyer does not complete severing the timber by
[date for completion], seller
must pay to Seller $per day as liquidated damages, and not as
a penalty, for every day's delay in the failure to sever. However,
this agreement shall terminate
__days
after the due date for severance after which time all ownership
rights of unsevered timber shall revert to seller, his heirs, and/or
assignees.
Executed at [place of execution] on [date of execution].
seller]
buyer]
[Name of
[Name of
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