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masya89 [10]
3 years ago
6

Judy Olsen, Kristy Johnston, and their mother, Joyce Johnston, owned 78 acres of land on Eagle Creek in Montana. When Joyce died

, she left her interest in the property to Kristy. Kristy wrote to Judy, offering to buy Judy’s share or to sell her own share to Jury. The letter said to "please respond to Bruce Townsend." In a letter to Kristy, not Bruce, Judy accepted Kristy’s offer to sell her share. By that time, however, Kristy had made the same offer to sell her share to their brother Dave, and Dave had accepted. When Kristy told Judy that she was selling to Dave, Judy filed a breach of contract against Kristy, alleging they had a valid contract between the two of them. What would be the likely result?
Business
1 answer:
zlopas [31]3 years ago
8 0

Answer:

The court will rule in favor of Judy

Explanation:

Kristy made a valid offer to Judy and Judy accepted it before Dave accepted Kristy´s offer so Judy's acceptance should prevail.

In the offer letter, Kristy told Judy to "please respond to Bruce Townsend", but she did not specify that the only proper mode of acceptance was the response to Bruce. Since she did not specify that Judy could not respond directly to her, Judy's letter of acceptance to Kristy's offer is valid.

Kristy should have been more specific in stating that the only proper mode of acceptance was a response to Bruce.

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_____, as a conflict management strategy, is the political equivalent of "win some, lose some" and is possible in a long-term re
Lady bird [3.3K]

Answer:

compromising

Explanation:

Compromising—when you compromise or “split the difference” in a conflict which is the political equivalent of "win some, lose some" and is possible in a long-term relationship where there is time for give-and-take exchange.

5 0
3 years ago
Maggie Sharrer Company borrows $88,500 on September 1, 2017, from Sandwich State Bank by signing an $88,500, 12%, one-year note.
xenn [34]

Answer:

interest = $3,540

Explanation:

given data

principal  =  $88,500

rate = 12 %

time = 4 months ( September 1, 2017 to September 1, 2017 )

to find out

What is the accrued interest

solution

we get here interest that is express as

interest = principal × rate × time   .......................1

put here value we get interest

interest = $88500 × 12% × \frac{4}{12}

interest = $88500 × 0.12 × 0.33333

interest = $3,540

4 0
4 years ago
. Brown Office Supplies recently reported $18,500 of sales, $8,250 of operating costs other than depreciation, and $1,750 of dep
Degger [83]

Answer:

Option (C) is correct.

Explanation:

EBT means Earnings Before Tax, so you ignore the tax rate for this problem.

Then solve for the EBT figure.

EBT:

= Revenue - Operating costs - Depreciation  - interest

= $18,500 - $8,250 -  $1,750 -  ($9,000 x 7%)

= $18,500 - $8,250 -  $1,750 -  $630

= $7,870

Therefore, $7,870  was the firm's earnings before taxes (EBT).

5 0
3 years ago
Lillian has a defined benefit plan that promises an annual retirement benefit based on 2 percent of her final 3-year average ann
Neko [114]
2% of $65000 = $1300 x 15 = $19,500 per year (which sucks).

Hope that helps.
5 0
3 years ago
Read 2 more answers
A purchase of a vehicle for cash would have which effect on the accounting equation? A. Total asset amount remains the same. B.
AVprozaik [17]
The correct answer to your question is letter A. Total asset amount remains the same.
4 0
3 years ago
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