Answer:
A) Perhaps, if a court felt that the first realtor (Burt) had extended considerable time, effort, and expense in helping the home buyer.
Explanation:
Since Jones signed an exclusive agency agreement with Burt also, then he is liable to both realtors, not only Woolston. If Jones had only paid Woolston, then Burt could have sued Jones for damages equivalent to the sales commission just like Woolston did. Whenever you sign a contract, you are responsible for performing your part.
The only argument that Jones could use in his favor would be that Burt didn't do his job, so both would have breached the contract.
Answer:
<u>Spotlighter Inc.</u>
<u>Classified Balance Sheet as at January 31</u>
ASSETS
Equipment $2,600
Supplies ($1,100 + $1,500) $2,600
Cash ($5,540 + $6,230 - $1,000 - $1,100) $9,670
TOTAL ASSETS $14,870
EQUITY AND LIABILITIES
LIABILITIES
Accounts Payable $1,500
Bank note $5,540
Note Payable $1,600
TOTAL LIABILITIES $8,640
EQUITY
Common Stock $6,230
TOTAL EQUITY $6,230
TOTAL EQUITY AND LIABILITIES $14,870
Explanation:
A Balance Sheet shows the Assets, Liabilities and Equity existing at the Reporting Date.
The balance sheet above was prepared through the following steps
Step 1 : Identify the Accounts Affected by the transactions
Step 2: Classify the Accounts Affected in into Assets, Liabilities and Equity
Step 3: Record in the classified balance sheet
Answer:
Explanation:
Let's look at some facts:
1. Dawn Altieri has leased a car from GE Auto lease
2. Dawn Altieri had an accident where she caused an injury to Kenzie Godfrey
3. At the same time of an accident, Dawn Altieri owned the car although she had not completed the transfer of title formalities.
4. Kenzie Godfrey suffered brain damage and claimed damages from owner of the car
Under the UCC it is assumed that when the physical goods are handed by the seller to the buyer the title has passed. However, when the goods are leased the title remains with the lessor-owner.
Although Dawn Altieri has originally leased the vehicle, she had now purchased it. Therefore, even though final formalities have not completed, she was the tile-holder of the vehicle.
Therefore, Dawn Altieri was liable for the damages claimed by Kenzie Godfrey.
900 pesos. You multiply the us amount by 10, the amount of dollars needed to buy one pesos.