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mafiozo [28]
3 years ago
11

Property ownership madison owned a tract of land, but he was not sure that he had full title to the property. when rafael expres

sed an interest in buying the land, madison sold it to rafael and executed a quitclaim deed. rafael properly recorded the deed immediately. several months later, madison learned that he had had full title to the tract of land. he then sold the land to linda by warranty deed. linda knew of the earlier purchase by rafael but took the deed anyway and later sued to have rafael evicted from will linda succeed in claiming title to the land? explain.
Business
1 answer:
Hoochie [10]3 years ago
8 0
For me, Linda will not be able to win her suit against Rafael in claiming the land. 

In the event of Warranty deed vs Quitclaim deed, warranty deed wins over quitclaim deed. But, there are instances that quitclaim deed wins over warranty deed. And I think that the above circumstance is an exception to the general rule.

It all boils down to good faith. Because the transaction between Rafael and Madison are clear and in good faith, their transaction is legal. Because the transaction between Linda and Madison is done in bad faith to the detriment of Rafael, their transaction is void despite it being secured with a warranty deed.  
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Answer:

is made if it is more likely than not that the liability has been incurred.

Explanation:

When contingent liability is recorded it is recorded by debiting income statement and creating a liability in balance sheet, also it is not accounted for until the amount of liability is pretty certain as without being clear about its occurrence and the amount involved the liability cannot be recorded.

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Therefore, with the above we can conclude that contingent liability is recorded only if:

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3 years ago
A company estimates its sales at 200,000 units in the first quarter and that sales will increase by 20,000 units each quarter ov
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Answer:

The correct answer is A.

Explanation:

Giving the following information:

A company estimates its sales at 200,000 units in the first quarter and that sales will increase by 20,000 units each quarter over the year.

They have, and desire, a 25% ending inventory of finished goods.

Production required for the third quarter:

Sales= 200,000 + 40,000= 240,000

Ending inventory desired= 260,000*0.25= 65,000

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Total= 245,000

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We should note that under a predominant purpose test, it will apply when the transaction involved is Mena for goods sales and not for the service sales.

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TRUE OR FALSE FOR BRAINLIEST ANSWER, I'LL REPORT IF WRONG When one party substantially performs, the other can demand full perfo
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Year                                            2016

                   Sales mgr        Sales Rep         Sales asst.         Not in

                                                                                              Organisation

<em>2012</em>

Sales           Maintain         Management        Manager         Manager

manager    Management  Representative     Assistant        Turnover

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Sales Rep   Sales Rep      Maintain Rep       Rep assistant     Sales Rep

                    Promotion        Position               Demotion

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assistant     Promotion          Promotion         position             Turnover

Not in        Manager New   Sales Rep          Sales Assistant

Organi-       Hire                   New Hire            New Hire

sation

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