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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:

brainly.com/question/15120702

#SPJ4

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Masterson Company's budgeted production calls for 56,000 units in April and 52,000 units in May of a key raw material that costs
Aleks [24]

Answer:

Total cost= $101,380

Explanation:

Giving the following information:

Production for April= 56,000

Production for May= 52,000

The raw material costs $1.85 per unit.

Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The April 1 inventory for this material is 16,800 units.

We need to determine the budgeted material purchases for April:

Purchases= production for April + ending inventory - beginning inventory

purchases= 56,000 + (52,000*0.3) - 16,800= 54,800 units

Total cost= 54,800*1.85= $101,380

5 0
3 years ago
Would walmart be able to offer such low prices if they were a different type organization?
zheka24 [161]

No, Walmart won't be able to offer such low prices if they were a different type organization

Walmart might soon follow in the footsteps of Borders booksellers, Sam Goody's record stores, and other once-dominant retailers whose market share shrank and finally collapsed as online sales got steadily larger if it didn't keep its pricing low enough to compete with e-commerce behemoths like Amazon.

Walmart has kept operating costs down since its inception in the early 1960s by heeding the advice of its late founder and namesake Sam Walton. Even after becoming a multi-millionaire, Walton is infamous for still using an old pickup vehicle for transportation. by using low-cost travel choices for executives and by maintaining a simple in-store design.

To learn more about Walmart refer to:

brainly.com/question/16607243

#SPJ4

5 0
2 years ago
If the assets of a company increase by $55,000 during the year and its liabilities increase by $25,000 during the same year, the
morpeh [17]

Answer:

Increase of $30,000

Explanation:

Increase in Company asset- Increase in liabilities

Increase in Company asset =$55,000

Increase in liabilities =$25,000

Hence:

$55,000 -$25,000

=$30,000

Therefore the change in equity of the company must have an increase of $30,000

7 0
3 years ago
True or false: All final purchases of plant, machinery, and equipment in a given time period are included as gross investment.
sleet_krkn [62]

Answer:

mira eso es muy fácil yo me lo sé pero no es de consultar en el internet as lo con tu mente que facil

4 0
3 years ago
In its ads, listerine claims effectiveness but admits to less than perfect taste. this is an example of a(n): one-sided message.
MAXImum [283]

The correct answer is two-sided message. A two-sided message is defined as a persuasive communication by which it presents two view points and in addition, it presents arguments by means of countering the opposing view. This is also known as a two sided appeal.

8 0
3 years ago
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