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lesantik [10]
4 years ago
8

"Ann Agent was hired by Buyer to locate a piece of property suitable for building an office complex. Ann and her cousin jointly

owned a piece of property that suited Buyer's needs. Without telling Buyer of her ownership interest, Ann negotiated the purchase on Buyer's behalf. The price for the property was its fair market value. What options are available to Buyer when he learns that Ann was the seller
Business
1 answer:
nirvana33 [79]4 years ago
5 0

Answer:

The correct answer is He may rescind the contract because Ann violated her duty of loyalty.

Explanation:

The duty of loyalty, as the obligation of any agent to put the interests of their principal before their own, constitutes one of the most fundamental rules (rectius, standard or general clause) of Private Law. Its realization is also one of the most difficult tasks assigned to scholars, not only to jurists but also to moral philosophers, economists, psychologists and biologists. Cooperation between human beings requires “being able to trust” that those whom we use to extract the advantages of specialization behave loyally when the conditions in which the hiring is carried out are not ideal. Under ideal conditions, the possibility that a contracting party may prevail over its interests over those of the counterparty is ideal to produce damages to the counterparty. The counterparty simply will not enter into the contract if the price does not cover the risks associated with the conflict. But we do not use the expression "conflict of interest" to mean that, in bilateral contracts, the parties normally have opposite interests. There has to be a typical situation in which the other party cannot protect itself by denying consent to the conflicting claim of the other. Typically, when the object of the contract includes the provision of information or advice or the performance of an order on behalf of another. Not in all these cases a duty of loyalty is imposed on the person who informs, advises or carries out the order. If the person who receives the information, the advice or the person in charge of the management can protect himself against the possibility that the person who reports, advises or executes the order prevails his own interest over that of the principal, there is no need to impose a duty of loyalty.

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A payoff matrix shows ________. a. the payment made to each factor of production for the production of a good b. the different c
anyanavicka [17]

Answer:

The correct answer is option c.

Explanation:

A payoff matrix is a table that shows the payoff of two players according to the strategies they adopt. The rows show the strategies of one player and the columns show the strategies of the other and cells show payoff.  

It is very important in game theory as it summarizes what return or payoff each player is getting according to its action or strategy.  

It helps in determining whether a dominant strategy of players and Nash equilibrium exists or not.

6 0
4 years ago
Rob is a business analyst who argues that investing makes more profit when the inflation rate is high. He points to the high ret
kirill115 [55]

B.  Rob is confusing the nominal rate of return with the real rate of return.

Nominal rate of return is the "face value" of returns, but the real rate of return factors in the negative effect that inflation has on buying power. Inflation takes away from any earnings because it reduces the value of money.

4 0
4 years ago
Denver Corporation purchased a patent for $405,000 on September 1, 2016. It had a useful life of 10 years. On January 1, 2018, D
natita [175]

Answer:

amount that should be reported for patent amortization expense for 2018 will be $90000.27

Explanation:

given data

purchased patent = $405,000

useful life = 10 years

spent = $99,000

remaining useful life = 5 years

solution

first we get here amortization from September 1, 2016 - January 1, 2018 that is

September 1 - december 31 = \frac{4}{12}  = 0.333333

amortization = (1 + 0.333333) × (405000 ÷ 10)

amortization = $53998.65

and

now we get remaining value before defence

remaining value = $405,000 - $53998.65

remaining value = $351001.35

and

now we get here amount to be reported for patent amortization expense for 2018

amount = ( $351001.35 + $99,000 ) ÷ 5

amount = $90000.27

so amount that should be reported for patent amortization expense for 2018 will be $90000.27

7 0
3 years ago
Scenario: Money Creation The reserve requirement is 20%. Leroy receives $1,000 as a graduation present and deposits the money in
disa [49]
Your answer to this question is increased by $1000
8 0
3 years ago
Paddle fans & more has a marginal tax rate of 34 percent and an average tax rate of 23.7 percent. if the firm earns $138,500
muminat

With a marginal tax rate of 34 percent and an average tax rate of 23.7 percent, Paddle lovers & more will owing $ 32824.50 in taxes. if the company generates $138,500 in taxable revenue.

The effective tax rate at which the company pays its portion of the income as taxes is referred to as the average tax. In addition, the marginal rate of tax is the highest slab of tax applied to the firm's final dollar of income. In the example at hand, based on the taxable income, Paddle Fams & More is required to pay the tax as follows:

$ 138500 * 23.7% = $ 32824.50

The marginal tax rate is the amount of tax you pay for every dollar of increased income. In the US, as income rises, so does the individual federal marginal tax rate. This taxation strategy, known as progressive taxation, tries to tax people in accordance with their income, with low-income earners paying less in taxes than high-income earners.

The rate that is applied to the taxpayer's taxable income under a marginal tax rate is often determined by grouping taxpayers into tax bands or ranges. The final dollar of income is taxed at a greater rate than the first dollar as income rises. To put it another way, the first dollar earned will be taxed at the lowest possible rate.

Learn more about marginal tax rate here

brainly.com/question/4406892

#SPJ4

7 0
2 years ago
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