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Inessa05 [86]
3 years ago
9

Andrews and Bates have a written contract in which Bates promises to sell Andrews a piece of real estate. Bates refuses to compl

ete the transaction. Andrews sues Bates for specific performance, asking the court to order Bates to complete the sale. This action is for ________.
Business
1 answer:
Nikolay [14]3 years ago
7 0

Answer:

Equitable relief

Explanation:

Equitable relief is defined as a remedy provided by a court that requires a party to act or prevents a person from acting.

It is usually granted in relation to contracts that have been breached.

When equitable relief is sought there is no monetary compensation, rather the plaintiff is requesting the court to ensure an action is performed.

In this instance Andrews and Bates have a written contract in which Bates promises to sell Andrews a piece of real estate. When Bates refuses to fulfill his obligation Andrews can seek for equitable relief from the court.

Forcing Bates to sell the piece of real estate as agreed in the contract.

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3 years ago
An artisan who creates customized furniture has a customer who is interested in purchasing several pieces of furniture. The arti
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Answer:

2) Set the price of each piece of furniture equal to the marginal cost of producing it.

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8 0
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Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. T
Dmitry_Shevchenko [17]

Answer:

Explanation:

A common sized income statement is a method of financial statement that express every line item on a financial statement as a percentage of sale for the ease of financial analysis

                             Tannenhill's              %        Industry average

Revenue               2,480,000             100                  100%

Cost of Goods      1,587,200                64                    70

Gross profit           892,800                  36                  30

Selling expenses    545600                 22                    17

Admin expenses     198400                  8                       7

Total ope. Expe.       744000                30                    24

Ope. Income             148600                 6                      6

Other Revenue          49600                  2                      2

                                   198400                 8                      8

Other Expenses         24800                  1                        1

PBIT                             173600                7                       7

Income Tax                  74400                 3                       5

Net Income                  99200                4                       2

7 0
2 years ago
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