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seropon [69]
3 years ago
12

Lake House. Harry has two houses, a house on the lake and a house in town. Rebecca wants to buy the house on the lake. Harry and

Rebecca orally agree that Rebecca will buy the house on the lake for $300,000. Harry hurriedly writes out a contract providing that he would sell "his house" to Rebecca for $300,000. Harry signs the top of the document. Rebecca does not sign at all. No merger clause is included in the contract. Harry backs out of the contract, and Rebecca sues him. He tells the judge that the statute of frauds is not satisfied because he did not sign the document at the end and because Rebecca did not sign at all. He also tells the judge that, at any rate, the agreement referred to the house in town, not the house on the lake; and that under the parol evidence rule, he had the right to identify the correct house. Which of the following is true regarding Harry's assertion that the statute of frauds is not satisfied because he did not sign the document at the end?
Business
2 answers:
Anton [14]3 years ago
8 0

Answer:

Harry is incorrect because under the parol evidence rule, the judgewould likely allow oral evidence regarding the house at issue in order to clarify an ambiguity

Ne4ueva [31]3 years ago
4 0

Options:

A. Harry is incorrect because he is the one being sued, and he signed the document.

B. Harry is incorrect because the statute of frauds did not require her signature so long as the type of  subject matter involved was referenced.

C. Harry is incorrect because the statute of frauds did not require her signature so long as the selling  price was referenced.

D. Harry is incorrect because the statute of frauds did not require Rebecca's signature so long as both the  selling price and the type of subject matter involved was referenced.

E. Harry is correct.

Answer:

A) Harry is incorrect because he is the one being sued, and he signed the document.

Explanation:

The purpose of the statue of frauds is to prevent fraud (just like this case) by requiring certain contract to be in writing. The statute of frauds is very specific about requiring contracts that involve rel estate transactions to be in writing. It also includes contracts that last for more than 1 year.

In this case, Harry made the contract in writing and then signed it, it really doesn't matter if he signed it on top, although following formalities it should be signed on the bottom. He would not have been able to sue Rebecca because she didn't sign the contract, but Rebecca can sue Harry because he did sign it.

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2. The following table provides information about the production possibilities frontier of a Country.(4)
iren [92.7K]

Based on the PPF of the country, if the country were to produce an additional 20 computers at that level, the opportunity cost would be 40 kg of wheat.

If a technological advancement allows for computers to be produced more efficiently, the PPF would expand outwards as shown in the attachment.

<h3>What would be the opportunity cost?</h3>

At the point where this country can produce 10 computers, the amount of wheat it can produce is 400 kg wheat.

If it produces 20 more computers, it will move to the point where it can produce 30 computers and 360 kg of wheat. Opportunity cost would be:

= 400 - 360

= 40 kg wheat.

<h3>What happens due to a technological advancement?</h3>

When there is an improvement in technology, the production capacity of a nation increases. This leads to the production possibilities frontier expanding outward.

Find out more on the production possibilities frontier at brainly.com/question/26685094.

3 0
2 years ago
Shocker Corporation's sales budget shows quarterly sales for the next year as follows: Unit sales Quarter 1 15,400 units Quarter
adelina 88 [10]

Answer:

Production for Q2 12,700 units

Explanation:

Q2

sales for the quarter 11,000 units

desired ending inventory

20% of Q3

20% of 19,500 =      3,900 units

Total requirement   14,900 units

Beginning inventory

20% of Q2 sales

20% of 11,000 =      (2,200) units

Production for Q2   12,700 units

We add the sales and the desired inventory as the production needs.

The beginning inventory is subtracted, those units is work done towards the goal, so we need to produce the differente, which is 12,700 units.

8 0
3 years ago
What is a modification problem? What are the three possible types of modification problems?
Oxana [17]

Answers and explanations:

1) A modification problem takes places when creating a database two different type of information is entered in the same chart row generating inaccuracy. The only form to solve this issue is creating a new row so each piece of information will be stored in one row particularly.

2) There are three (3) types of modification problems: the deletion problem (<em>the single row containing information from different themes can be deleted losing data</em>), the update problem (<em>new information entered could lead to more inconsistency</em>), and the insertion problem (<em>similar to deletion, a new row can be inserted instead of the row causing problem but information will be missing</em>).

4 0
3 years ago
The following information pertains to Zion Company’s defined benefit pension plan:_______.
kobusy [5.1K]

Answer:

c. $45,000 liability

Explanation:

Fair Value of Plan Asset = Return on asset + employer contribution - Benefit paid

= $22,000 + $40,000 - $0

= $62,000

Projected Benefits Obligation = Service cost + interest cost

= $17,000 + $40,000

= $57,000

Pension asset / (liability) = Opening pension asset/ Liability + Plan asset - Projected Benefit Obligation - Amortization

= $2,000 + $62,000 - $57,000 - $52,000

=  -$45,000

= $45000 Pension Liability

5 0
3 years ago
For most countries and most firms, the domestic country beta Multiple Choice can be no lower than its world beta. is normally mu
stira [4]

Answer:

Can be no lower than its world beta

Explanation:

For most countries and most firms, the domestic country beta c<u>an be no lower than its world beta.</u>

7 0
3 years ago
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