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Lena [83]
2 years ago
12

The owner of an undeveloped lot agrees to sell the lot to a buyer. The written agreement identifies the parties, describes the p

roperty in sufficient detail, specifies the price to be paid, and spells out the payment terms. The agreement is signed by the owner. In accord with the agreement, the buyer pays the required down payment to the owner. Subsequently, the buyer constructs a garage on the lot as the first step towards building a three-story residence, but, due to a financial reversal, abandons his construction efforts.
May the seller bring an action to compel the buyer to complete the purchase?
Business
1 answer:
rjkz [21]2 years ago
6 0

Yes, due to the doctrine of part performance.

<h3>How would the seller compel the buyer to complete the purchase?</h3>

A contract between the parties is strongly suggested by the buyer's activities, which include paying a portion of the purchase price to the owner and building a garage on the property (which is a considerable improvement of the lot). In order to require particular fulfillment of a land sales contract, either party may use the theory of part performance.

Learn more about the doctrine of part performance here:

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On December 31, 2018, a company had assets of $29 billion and stockholders' equity of $22 billion. That same company had assets
Kisachek [45]

Answer:

0.69

Explanation:

From the question above on December 31, 2018 a company has an assets of $29 billion and stockholders equity of $22 billion.

On December 31, 2019 the same company recorded an assets of $55billion and stockholders equity of $17billion

Inorder to calculate the debt-to-assess ratio the first step is to find the amount of liabilities

Liabilities= Assets-Stockholders equity

Assets= $55 billion

Stockholders equity= $17 billion

= $55billion-$17billion

= $38 billion

Therefore, the debt-to-assets ratio can be calculated as follows

Debt-to-assets ratio= Total liabilities/Total Assets

= $38 billion/ $55 billion

= 0.69

Hence on December 31, 3019 the debt-to-assets ratio is 0.69

5 0
4 years ago
Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers? Select two answe
Leno4ka [110]

Answer:

It's A) High school athletes stop shopping there and B) The inventory of sports socks goes unsold

7 0
3 years ago
Read 2 more answers
1 2 3 all a firm that purchases electricity from the local utility for $350,000 per year is considering installing a steam gener
nikdorinn [45]

The more attractive choice is the choice that has less present value which is Using steam generator valued at $1, 364,165.02

<u>Given data;</u>

cost of electricity per year: = $350,000

cost of installing a steam generator = $280,000

generator operation cost per year = $260,000

generator will last for = 5 years

cost of capital for local utility option = 10%

purchasing electricity from the local utility

cost of electricity per year: = $350,000

cost of capital for local utility option = 10%

Present value = - 350,000 - 350,000 / 1.10 - 350,000 / 1.10^2 - 350,000 / 1.10^3 - 350,000 / 1.10^4

Present value = - 1,453,452.906

Present value = - 1,453,452.91

Using steam generator

cost of installing a steam generator = $280,000

generator operation cost per year = $260,000

Present value = - 280,000 - 260,000 - 260,000 / 1.10 - 260,000 / 1.10^2 - 260,000 / 1.10^3 - 260,000 / 1.10^4

Present value = - 1, 364,165.016

Present value = - $1, 364,165.02

Read more on Present value here;

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4 0
2 years ago
CMI International, a composite plastic manufacturer, wants to improve its involvement with the community, so it has established
RideAnS [48]

When CMI International, a composite plastic manufacturer attempt to find and attract qualified applicants from the external labor market for its Community Involvement Office; This process is called "recruitment ".

<h3>What is recruitment?</h3>

The practice of actively seeking out, locating, and employing individuals for a certain post or career is known as recruitment. The entire hiring process, from the first stages to the recruit's integration into the business, is covered by the term of recruitment.

The goal of recruitment is -

  • The purpose of recruitment is to build a large pool of qualified candidates from which to select the best candidate for the position.
  • This strategy attracts sizable groups of people and motivates them to submit applications for open positions at a company.

Types of recruitment are-

  • Direct marketing.
  • Databases of the talent pool.
  • Worker recommendations.
  • Transfers and promotions.
  • Exchanges of jobs.
  • Recruiting firms.
  • Organizations with expertise.

To know more about hiring process, here

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4 0
2 years ago
The difference between total assets of a firm and its total liabilities is called?
Lena [83]

The difference between the total value of assets and the total value of liabilities is equity. Also known as common equity and owners equity.

Assets represent valuable resources that your company manages. Liabilities represent the company's obligations, while both debt and equity represent how the company's assets are financed.

The sum of the difference between assets and liabilities is equity, which is the remaining net ownership of the company by the owners.

In its simplest form, a balance sheet can be divided into two categories: assets and liabilities. assets are items owned by a company that can provide future economic benefits. A liability is something you owe to another party.

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4 0
1 year ago
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