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ira [324]
3 years ago
7

Judy Olsen, Kristy Johnston, and their mother, Joyce Johnston, owned seventy-eight acres of real estate property on Eagle Creek

in Meagher County, Montana. When Joyce died, she left her interest in the property to Kristy. Kristy wrote to Judy, offering to buy Judy’s interest or to sell her own interest to Judy. The letter said to "please respond to Bruce Townsend." In a letter to Kristy, not to Bruce, Judy accepted Kristy’s offer to sell her interest. By that time, however, Kristy had made the same offer to sell her interest to their brother Dave, and he had accepted. Did Judy and Kristy have an enforceable binding contract? Or did Kristy’s offer specifying one exclusive mode of acceptance mean that Judy’s reply was not effective?
Business
1 answer:
Neporo4naja [7]3 years ago
4 0

Yes , Judy and Kristy have an enforceable binding contract

Explanation:

Kristy Johnston, Judy Olsen, and Joyce Johnston, their mother, owned real estate as common buyers. After Joyce died, she left Kristy her one-third share in the house. Kristy sent Judy a letter in 2009 promising Judy to purchase or sell Judy's share in the property.  

Judy accepted the sale bid from Kristy. Kristy then tried to refuse Judy's approval and to cancel her bid for sale. Judy lodged a Kristy lawsuit.

The court granted the summary judgment to Judy finding that a contract had been drawn up between the letters exchanged between Judy and Kristy which satisfied the frauds ' status. The Supreme Court ruled that the district court decided out that an enforceable arrangement was established by exchanging letters from the parties.

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How quickly must you file a report with the michigan dnr if property damage exceeds $2,000?.
Ber [7]

Answer: within five days or 10

Explanation:

6 0
1 year ago
Faust Company uses the perpetual inventory system. Faust sold goods that cost $2,300 for $3,600. The sale was made on account. W
mario62 [17]

Answer:

increase total assets by $1,300.

Explanation:

The net effect is shown below

The first entry is

Cost of goods sold  Dr $2,300

          To Merchandise Inventory $2,300

(Being the cost of inventory is recorded)

Now the second entry is

Account receivable Dr 3,600

       To Sales revenue 3,600

(Being the sales is recorded)

Now the net effect is

= 3,600 - 2,300

= 1,300

This 1,300 reflect the increase in the total assets

4 0
3 years ago
Helmers Corporation manufactures a single product. Variable costing net operating income last year was $103,000 and this year wa
Romashka [77]

Answer:

$64,600

Explanation:

Given that

Variable costing net operating income last year = $1,03,000

Fixed manufacturing overhead costs = $38,400

The computation of net operating income is as shown below:-

= Variable cost - Overhead cost

= $1,03,000 - $38,400

= $64,600

So, from the above calculation we simply deduct Variable cost from Overhead cost.

3 0
2 years ago
The Filthy Chemical Company dumps 100 tons of pollutants every year in the Pristine Lake. The Trout Fishing Co., the only other
Maurinko [17]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

4 0
3 years ago
Sales of Granite City Products Inc. have been on a steady decline for the last 12 months. A market research study conducted reve
guapka [62]

Answer:

$336.00

Explanation:

Calculation for the target cost per unit

First step is to calculate the The target sales revenues

The target sales revenues =($480 × 280)

The target sales revenues = $134,400

Second step is to calculate the The target operating income

The target operating income=($134,400 × 30%)

The target operating income = $40,320

Third step is to calculate the The target cost

The target cost=($134,400 –$40,320)

The target cost = $94,080

Now let calculate the The target cost per unit

The target cost per unit = $94,080 / 280

The target cost per unit= $336.00

Therefore The target cost per unit is $336.00

8 0
3 years ago
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