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Rainbow [258]
3 years ago
8

Forell, a resident of Des Moines, purchased a nearly new Buick automobile from a seller in Cleveland for the unusually low price

of $4,000. The seller explained that he was in town to take delivery of another automobile that he had just inherited from his late father. The seller produced a certificate of title. After Forell had possession of the Buick for several months, he sold it to Bates for $3,800. After Bates had driven the car for two months, he was stopped by the police for a minor traffic violation. When the police routinely checked the vehicle identification number through their computer, it was discovered that the car had been stolen from Santiago in Cleveland and that the certificate of title was forged. When Santiago learned that his car had been located, he claimed ownership.a. Will Santiago be able to recover his automobile?b. Will the certificate of title Forell obtained from the out-of-town seller entitle himto ownership?c. Was Forell a good-faith purchaser?
Business
1 answer:
Anna007 [38]3 years ago
3 0

Answer:

Certificate of Title

A certificate of title is proof of ownership and the right to possess the thing. Having a title to something is like having an intangible right to own it. Generally, in transactions title passes between parties when it is intended to pass.

Estoppel:

An estoppel is a legal bar in a action that prevents a party from using contradictory words or acts when making a claim against another party.

Seller Void Title:

Under Uniform Commercial Code  § 2-403 a purchaser obtains title to goods that a seller is able to transfer. A seller cannot legally pass title of stolen or leased goods to another person. Exceptions to this rule include the following under UCC § 2-403:

  1. Seller has a voidable title.
  2. Merchant has temporary possession of goods and unlawfully sells them to a good faith purchases for value.

Par a)

No. Person Santiago cannot pursue legal action against a purchaser in good faith and will not be legally able to recover the automobile.

Part b)

No. Person Forell has good title to the car if he purchased it in good faith from the seller. Having a forged title does not entitle anyone to ownership.

Part c)

Yes. Person Forell was a good faith purchaser.

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Listed below are year-end account balances ($ in millions) taken from the records of Poe Dameron's Pilot School. Debit Credit Ac
Ganezh [65]

Answer:

$812

Explanation:

Current assets:

Details                           Amount

Account receivable        $668

Cash                                $40

Interest Receivable        $38

Inventory                         $19  

Prepaid rent                    $36

Supplies                          <u>$11  </u>

Total Assets                   <u>$812</u>

5 0
2 years ago
How do Government price ceilings and price floors affect the economy? Select all that apply.
serg [7]
The following options are correct: A, B AND C.
Price ceiling and price floor are two price control methods which the government used to control price. Price ceiling is used to prevent prices from been too low while price floor is lowest price a commodity can be sold for .
7 0
3 years ago
As marketing vice president of Health Care Services, Inc., you must test the hypothesis that increasing the number of salespeopl
likoan [24]

Answer: A.Select different numbers of sales people as your independent variable and changes in sales of health care servers, as the dependent variable

Explanation:

Here is the complete question:

As marketing vice president of Health Care Services, Inc., you are in charge of developing an experiment to test the hypothesis that increasing the number of salespeople assigned to a territory will increase sales of health care services in the territory. Which experiment will do this best?

A.Select different numbers of sales people as your independent variable and changes in sales of health care servers, as the dependent variable.

B. Select three degrees of service health care (poor, good, average) as your independent variable and measure customer responses for each grade using the same number of sales representatives in each territory as your dependent variable.

C. Create an incentive program for your sales force based upon individual performance. Use increases in customer satisfaction as your independent variable and increases in sales performance as your dependent variable.

D. Create an incentive program for our sales force based upon individual performance. Use increases in customer satisfaction as your dependent variable, and increases in sales performance as your independent variable.

E. Create an incentive program for your sales force based upon team performance. Use increases in customer satisfaction as your independent variable and increases in sales performance as your dependent

variable

From the question, the vice president wants to test the hypothesis that an increase in the number of salespeople that are assigned to a territory will also increase the sales of health care services in the territory.

The interest is on whether changing one of the independent variables leads to a change in the behavior of its dependent variable which is studied. Increase in the number of the salespeople that are assigned to a territory is the causal condition which is the independent variable while the change in sales is the dependent variable. The problem was based upon the number of sales representatives, and not upon the sales performance, therefore options b, c, d, and e are not correct.

6 0
3 years ago
During the 1990s, one of the dominant firms in the U.S. cigarette industry would raise prices once or twice a year by about 50 c
ahrayia [7]

Answer: price leadership

         

Explanation: Price leadership is a circumstance where one business, typically the dominant one in its market, sets prices that its rivals follow closely.

This business is typically the one with the minimum cost of production, thus being able to outperform the prices charged by any rival who tries to set their prices below the price range of the market leader.

Rivals could increase prices than the cost leader, but this would likely lead to lower share of the market unless rivals were able to distinguish their goods adequately.

Hence from the above we can conclude that the given case depicts price leadership strategy.

3 0
3 years ago
The common stock of the P.U.T.T. Corporation has been trading in a narrow price range for the past month, and you are convinced
mariarad [96]

Answer:

A) according to put call parity:

price of put option = call option - stock price + [future value / (1 + risk free rate)ⁿ]

put = $8.89 - $120 + [$120 / (1 + 8%)¹/⁴] = $8.89 - $120 +$117.71 = $6.60

B) you have to purchase both a put and call option ⇒ straddle

the total cost of the investment = $8.89 + $6.60 = $15.496, this way you can make a profit if the stock price increases higher than $120 + $6.60 = $126.60 or decreases below than $120 - $6.60 = $113.40

3 0
3 years ago
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