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sergeinik [125]
3 years ago
14

CASE STUDYBUSINESS LAWAnderson Darragh, a real estate agent for RE/MAX, informed Bryan Thomas, a real estate developer, that he

knew of a commercial property Thomas might be interested in buying. Thomas told Darragh that he was interested but wanted more information about the property. Darragh revealed the address of the property and the selling price. Darragh also stated that if Thomas bought the property, Thomas would have to pay RE/MAX an 8 percent commission. Darragh met with the owner of the property and obtained information regarding the lease agreements of the current tenants, monthly rent payments, and relevant expenses. Darragh also went to City Hall and compiled data related to property taxes and zoning. Darragh gave all of the information he had gathered to Thomas at a meeting on March 16. Darragh also included a document stating that the 8 percent commission should be paid to RE/MAX after the purchase of the property was complete. Thomas did not agree to the 8 percent commission at the meeting. On March 21, Darragh arranged for Thomas to meet with the property owner and during that meeting, Thomas purchased the property. After the sale was complete, Thomas refused to pay the 8 percent commission to RE/MAX.This Case Analysis is worth a maximum of 25 points. Please complete the following for your assignment:What is the legal issue involved in this case? – 5 pointsBased on the Issue identified, provide an argument for Darragh using facts of the case and relevant legal theory to support it. – 5 points Based on the Issue identified, provide an argument for Thomas using facts of the case and relevant legal theory to support it. – 5 points Based on the facts given, and what you know about the legal issues involved, how was this case decided? In favor of Darragh; or Thomas? Provide an explanation. – 5 pointsCase is typed according to the guidelines in the syllabus and is free of grammar and spelling mistakes. – 5 points
Business
1 answer:
Doss [256]3 years ago
6 0
Based on legalities, Thomas has the right to refuse payment of the 8% commission to RE/MAX because he already stated his refusal during the meeting with Darragh nor did he sign the document that Darragh gave him during the meeting. Thus, there was no meeting of minds. 

Darragh is entitled to be given a reimbursement for his expenses incurred in securing documents that he willingly gave to Thomas. He can also ask Thomas for a recompensation for his labors but it will be according to Thomas's discretion. 

Darragh can't claim that he worked on implied consent from Thomas because Thomas specifically stated his refusal in paying for the 8% commission during their meeting but Darragh did not stop to renegotiate the commission nor convince Thomas to accept the contract. 
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$93,750

Explanation:

Required: "<em>Calculate the overhead assigned to the fabric case using the traditional costing system based on direct labor hours."</em>

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Total estimated overhead costs (A) = 150,000

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Overhead allocation rate (C) = A/B = 150,000/24,000

Overhead allocation rate (C) = $6.25 Per labor hour

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Firms may invest in fewer projects as a result of A. an increase in interest rates that increase economic growth. B. an increase
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Answer: B. an increase in interest rates that decrease economic growth.

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If interest rates were to rise in an Economy, that would mean that the cost of borrowing just rose. The rise in the Cost of Borrowing reduces consumer spending as well as business investment. This will therefore lead to a lower Aggregate demand. A lower AD in the Economy usually leads to a decrease in economic growth.

Now, if such things were to happen, a firm may definitely invest in fewer projects because first off it will be more expensive for them to borrow and invest because of the high rates. They will also be discouraged because of the Decrease in economic growth as the chances of their projects doing well will be drop in a depreciating economy.

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Antique Brass Company has budgeted sales volume of 127 comma 000 units and budgeted production of 110 comma 000 ​units, while 30
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Joey bought a dozen oranges for $3. 50 and several bananas for $0. 25 each at the grocery store. Joey spent a total of $5. 75 on
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The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.

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<u>Given the following data:</u>

  • A dozen oranges = $3. 50
  • Bananas = $0. 25
  • Total cost = $5.75

<u>Note:</u> A dozen oranges is equal to 12 oranges.

To determine the number line that best represents the number of bananas Joey purchased:

First of all, we would calculate the number of bananas that Joey purchased:

3.50 +0.25B =5.75\\\\0.25B =5.75-3.50\\\\0.25B =2.25\\\\B=\frac{2.25}{0.25}

B = 9 bananas.

<u>For the </u><u>number line</u><u>:</u>

The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.

Read more: brainly.com/question/13553589

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