1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GarryVolchara [31]
4 years ago
10

While visiting Sarah's art gallery, Mark spots what he believes is an original painting by the artist Vincent van Gogh and agree

s to buy the painting from Sarah for $1,000,000. Upon returning home, Mark has the painting appraised and learns that it is not a Van Gogh and is worth only $100,000. Mark sends Sarah a letter saying that he bought the painting under false pretenses and will pay only the fair market value of the painting, enclosing a check for $100,000 with "payment in full" written in the memo line. Before depositing the check, Sarah crosses out Mark's note and writes "first partial payment" over it. The next day Sarah learns that Mark's check has bounced. If Sarah sues Mark, will the court find in her favor?
Business
1 answer:
tatiyna4 years ago
3 0

Answer:

The answer is: Yes

Explanation:

The court will rule in Sarah's favor simply because Mark's check bounced and no payment was done. Writing a bad check and knowing you didn't have the funds to cover it, is a crime (fraud).

Mark can argue that Sarah deceived him into believing the painting was an original Van Gogh, and that the price should be different. But even if they negotiated a new price, he still has to pay Sarah at least the fair market value.  

You might be interested in
The adjusted account balance of Spooky Town Internal Service Fund on June 30, 2016, was as follows: Cash $4,000 Receivable from
gladu [14]

Answer:

Explanation:

assets:Cash95,000Accounts receivable47,000Due from general fund40,000Materials and supplies18,000Total current assets200,000Noncurrent assets:Capital assets700,000Total noncurrent assets700,000Total assets900,000LiabilitiesCurrent liabilities:Accounts payable115,000Accrued interest payable4,000Total current liabilities119,000Noncurrent liabilities:Revenue bonds payable625,000Total noncurrent liabilities625,000Total liabilities744,000Net PositionNet investment in capital assets30,000Unrestricted69,000Total net position99,000

7 0
3 years ago
HELP ASAP!!!
posledela

1.) A because an origination fee is any fee that adds up to the profit a lender can make on a loan.

2.) True, because there is a reason why the audience would need to listen to the power point (pitch deck) so therefore, you would need it to be on a certain subject for the intended audience.

3.) True

4.) False, because loan interests and credit card interests varies.

5.) False, they vary.

6.) True.

7.) False.

8.) True.

9.) A, Increase.

10.) A, Single Payment Loan

11.)  C, Start up costs

12.) A, debt investors

13.) A, Fundraising capital

14.) B, Increase.

I hope this helps, I'm sorry if any answers are wrong.

5 0
4 years ago
Read 2 more answers
When a corporation wants to raise funds by issuing new stocks or bonds, it generally uses the services of _____.
choli [55]

Answer:

The correct answer is e. an investment banker

Explanation:

Investment bankers are behind some of the biggest businesses that develop in the stock market. These banking professionals are hired by companies to obtain money or capital in the stock market for the main milestones that will occur in the existence of a corporation. Once the relationships between corporate management teams and investment banks are established, the same teams often work together for subsequent events in the stock market. Investment bankers decide how to value companies and offers, and impact opportunities for investors.

6 0
3 years ago
To obtain your credit report, you should _____.
zhuklara [117]
Hey there,

Your question states: <span>To obtain your credit report, you should _____.

Your correct answer would be </span><span>write to the credit bureau.

Hope this helps.

~Jurgen
</span>
7 0
3 years ago
Read 2 more answers
All of the following distributions of stock dividends are taxable except: a. The shareholders have the choice to receive cash or
kati45 [8]

Answer:

d. The distribution gives preferred stock to some common stock shareholders and common stock to other common stock shareholders.

Explanation:

This is likely the answer to the question. There is no way preferred stock would be given to some common stock shareholders while common stock to other stock to others.

4 0
4 years ago
Other questions:
  • Landis Company purchased $3,000,000 of 8%, 5-year bonds from Ritter, Inc. on January 1, 2018, with interest payable on July 1 an
    5·1 answer
  • You are an entrepreneur starting a biotechnology firm. If your research is​ successful, the technology can be sold for $ 31 mill
    11·1 answer
  • Ogan Products computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year
    10·1 answer
  • Exercise 8-5 The ledger of Costello Company at the end of the current year shows Accounts Receivable $110,000; Sales Revenue $84
    11·1 answer
  • The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2021, the end of its fiscal y
    13·1 answer
  • A Celta Airline jet costs $28,000,000 and is expected to fly 200,000,000 miles during its 10 year life. Residual value is expect
    8·1 answer
  • QUESTION 5 of 10: Last year, your store's total revenue was $272,000. The store's total discounts were $3,505 and returns totale
    6·1 answer
  • Hudson-473 Inc. has provided the following information: Cost per Unit Cost per Period Direct materials $ 7.15 Direct labor $ 3.9
    5·1 answer
  • A useful way of standardizing financial statements is to choose a _______ year and then express each item relative to that amoun
    9·1 answer
  • when the ceo of whole foods, john mackey, had to make decisions about the company's cost structure and value position in order t
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!