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Bingel [31]
3 years ago
14

Joe was trying to sell his home. He went out drinking with some buddies on Friday night and got really drunk. Saturday morning h

is realtor came by with a contract for the sale of his home. Joe looked over the contract, asked the realtor some questions about the date of the closing, asked the realtor what he thought about the contract, then signed the contract and went back to bed. When he woke up on Saturday afternoon he saw a copy of the contract and had a change of heart. The contract was for $10,000 less then what he originally wanted for the house.
1. Joe wants to disaffirm, claiming he was drunk when he signed. Can he?
Business
1 answer:
stira [4]3 years ago
7 0

Answer:

Yes. Joe can disaffirm the contract as he was drunk when he signed it.

Explanation:

According to law, a person who enters into a contract while intoxicated (either by alcohol or drugs) can make void, the terms of that contract if the person can prove he/she was sufficiently intoxicated and was therefore impaired, at the time the contract was signed.

Therefore Joe can disaffirm the contract by arguing that he got really drunk on Friday night and as such, his decision making was affected when he signed the contract on Saturday morning.

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A flight route is served by American Airlines (AA) and Southwest Airlines (SW). Suppose American is the industry leader American
tatiyna

Answer:

The correct answer is b) American will leave fares unchanged and Southwest will leave fares unchanged.

Explanation:

The Nash Balance is a situation where individuals or players have no incentive to change their strategy taking into account the strategy of their opponents.

In the Nash equilibrium, the strategy chosen by each participant of a conflict or game is optimal, given the strategy chosen by the others. In other words, nobody will gain anything if they decide to change their strategy under the assumption that the other individuals do not change theirs.

It should be noted that under the Nash equilibrium the greatest gain is not necessarily obtained for all individuals or players as a whole. It is only true that each responds optimally to the strategy of others. In many cases, individuals would like to be able to reach another balance with higher profits but fail to do so because they face the risk of being betrayed.

7 0
4 years ago
You are considering a 10-year, $1,000 par value bond. Its coupon rate is 8%, and interest is paid semiannually. If you require a
Schach [20]

Answer:

$1,061.28

Explanation:

We need to calculate the present value of the bond using the minimum effective rate of 7.1225%

First we calcualte the present value of an annuity of $80 for 10 years

C * \frac{1-(1+r)^{-time} }{rate} = PV\\

80 * \frac{1-(1+7.1225%)^{-10} }{7.1225%} = PV\\

PV = $558.72

Then we calculate the $1,000 in 10 years present value

\frac{Principal}{(1 + rate)^{time}}= PV

\frac{1,000}{(1 + 7.1225%)^{10} } = PV

PV =  $502.57

Then we add both values

$502.57 + $558.72 = $1,061.28

This will be the present value AKA market price which yields the minimun rate of 7.1225%

7 0
3 years ago
In recent years, the government of Pakistan has established a support price for wheat of about $0.20 per kilogram of wheat. At t
nirvana33 [79]

Answer:

$800 million more

Explanation:

Amount spent each year under the government wheat price-support program = $0.2 × 10 billion = $2 billion

Amount spent each year in an unregulated market for Pakistani wheat = $0.1 × 12 billion = $1.2 billion

Amount spent more each year under the government wheat price-support program than otherwise would have been spent in an unregulated market = $2 billion - $1.2 billion = $800 million

7 0
3 years ago
You have just completed the appraisal of an office building and have concluded that the market value of the property is $2,500,0
Hunter-Best [27]

Answer:

The implied going-in capitalization rate is 0.10155 = 10.155%

Explanation:

Given:

Potential Gross Income (PGI) = $450,000

The vacancy and collection losses  is 9% of PGI = 9/100 × $450,000 = $40500

Acquisition price = $2,500,000

To calculate the Effective gross income (EGI), we use the formula:

Effective gross income (EGI) = Potential Gross Income (PGI) - vacancy and collection losses

∴ Effective gross income (EGI) = $450000 - $40500 = $409500.

Also to calculate the Net operating income (NOI), we use the equation:

Net operating income (NOI) = Effective gross income (EGI) - Operating expenses (OE)

But Operating expenses (OE) is 38% of Effective Gross Income (AGI)

∴  Operating expenses (OE) = 38/100 × $409500 = $155610

Net operating income (NOI) = $409500 - $155610  = $253890

The overall capitalization rate(R₀) = (Net operating income (NOI)) ÷ (Acquisition price)

R₀ = $253890 ÷ $2500000 = 0.10155 = 10.155%

7 0
3 years ago
Employees and customers are treated like a family at State Street Coffee House. Jason and Jill, the owners, work to encourage un
quester [9]

Answer: <em>Clan Culture</em>

Explanation:

A clan culture is generally referred to or known as a tribe-like or family-like kind of organization environment that tend to emphasize on the consensus and also on the commonality of  values and goals. Clan cultures are often viewed as a collaborative and also one of the least competitive corporate culture models which often exist in an organization.

7 0
4 years ago
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