Some of the likely things which a court would do if Tonya sues to enforce the contract are:
- 1. X not enforce the contract, because people are free to choose to whom they sell their property.
- 2. award monetary damages to Tonya.
- 3. require Shania to go through with the sale.
- 4. X grant specific performance by requiring Shania to find a comparable piece of land for Tonya at a comparable price.
<h3>What is a Contract?</h3>
This refers to the legally binding agreement which is entered by two or more parties based on terms and conditions.
With this in mind, we can see that because Shania wants to sell her lakefront to Tonya for $150,000 and they sign a contract but before they close the deal, Shania discovers that the property prices would go up and declines to sell.
In conclusion, if Tonya sues to enforce the contract, we can see that the contract would not be enforced, but Tonya would be paid monetary damages.
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Answer:
b. $600,000
Explanation:
The company has to record as revenue the product at the list price, then if exist a special discount on the price list, it must be record as discount applied to products in the Income Statement, separate of Revenue or Gross Sales.
The price that the company ACH pay by the product ($650,000) it's not at change on the price if not due to the payments term which is one year later, so the company ACH has to pay a financial cost because the payment will be made one year later.
The distribution channel control the flow of products from the manufacturer to a variety of retailers or business customers.
A distribution channel represents a chain of businesses or intermediaries through which the final buyer purchases a good or service.
Distribution channels include wholesalers, retailers, distributors, and the Internet.
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Answer:
B
Explanation:
Perpetuity formula for present for present value to be invested today
Pv = C /R
where c is the amount of continuous cash payment and R is the interest rate
PV = $ 15000 / 0.09 = $ 166666.67 approx $ 166667
Option D
Community property marital property rights gives a spouse a one-half claim on all property acquired "from the fruits of the marriage"
Explanation:
Community property is a kind of shared possession of assets among married twosomes. Property obtained by either spouse while marriage is deemed community property, referring to both companions of the marriage.
The laws in community property states differ in their more precise details, but community property indicates that all assets acquired or obtained by a couple when their marriage is maintained fairly by both of them. When a couple separates in a community property state, each spouse is frequently empowered to a half part of their community property.
