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Fiesta28 [93]
3 years ago
10

A landowner and his neighbor purchased adjoining undeveloped lots. After both built homes on their respective lots, the landowne

r suggested to the neighbor that a common driveway be built where the two lots joined. The neighbor agreed. The landowner and the neighbor split the cost of constructing the driveway and entered into a written agreement to equally share the costs of its upkeep and maintenance. The agreement was recorded in the county recorder's office. Two years later, the neighbor built a new driveway located entirely on his lot. The common driveway, which the landowner continued to use but which the neighbor no longer used, began to deteriorate. The landowner asked the neighbor for money to maintain the common driveway, but the neighbor refused to contribute. Three years later, the neighbor conveyed his lot to a friend. The friend entered into possession and used only the driveway built by the neighbor. By this time, the common driveway had deteriorated badly and contained numerous potholes. The landowner asked the friend to pay half of what it would take to repair the common driveway. The friend refused. The landowner repaired the driveway and sued the friend for 50% of the cost of repairs. Will the landowner prevail?
Business
1 answer:
Karo-lina-s [1.5K]3 years ago
7 0

Answer:

Yes, the landowner should prevail and win the lawsuit.

Explanation:

The agreement between the landowner and his neighbor was recorded in the county's recording office, therefore this gave constructive notice about the agreement to any potential buyer of the property.

Since the original driveway owners agreed to mutually maintain the driveway, the burdens and benefits of the recorded agreement will apply to successive owners of the land.

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A company just starting business made the following four inventory purchases in June: June 1 150 units $ 390 June 10 200 units 5
melomori [17]

Answer:

Ending inventory cost= $599

Explanation:

Giving the following information:

June 1 150 units $ 390 (2.6)

June 10 200 units 585 (2.93)

June 15 200 units 630 (3.15)

June 28 150 units 495 (3.3)

Ending inventory in units= 200

<u>To calculate the ending inventory, first, we need to calculate the average price:</u>

Average price= (2.6 + 2.93 + 3.15 + 3.3) / 4= $2.995

<u>Now, the ending inventory:</u>

Ending inventory= 2.995*200

Ending inventory= $599

8 0
3 years ago
Which of the following is not a disadvantage to inflation targeting?
Irina18 [472]

Answer:

D is the correct option

Explanation:

Enhancement of transparency and reduction of price variability are the two advantages of the inflation targeting. Inflation targeting allows the central bank to maintain low inflation. Low inflation promotes long term growth. Enhanced financial growth and reduction in relative price availability are other benefits of inflation targeting. With inflation-targeting central banks can set long term inflation objectives. Increasing accountability and transparency in monetary policy are other benefits. It also helps to predict inflation maintain price stability

5 0
3 years ago
The baldwin company has just issued $7,235,640 in dividends last year. the effect of this payment on the balance sheet is
nirvana33 [79]
<span>The effect is a decrease of $7235,640 in the company's retained earnings and cash balance, resulting in a decrease in assets and equity. Before the dividend is actually paid out, the balance sheet will show a debit to its retained earning account of $7,235,640 and a credit to the dividends payable account of $7235,640. After the dividends are paid, the dividend payable account is credited and the dividends payable account is debited in the same amount, and these accounts are no longer shown on the balance sheet.</span>
8 0
3 years ago
On July 1, 2013, Farm Fresh Industries purchased a specialized delivery truck for $126,000. At the time, Farm Fresh estimated th
DochEvi [55]

Answer:

I think last option

6 0
3 years ago
Read 2 more answers
To adjust debt and institute a repayment plan, Bianca-who is not a corporation, a partnership, ora family farmer or fisherman-ma
madreJ [45]

Answer:

Correct answer is (C) a repayment plan.

Explanation:

Repayment plan is a method of payment of loan mostly in monthly payment that is agreed between the borrower and the lender and it is based on the interest rate on which the loan will be paid.

Since the Bianca is not a corporation, a partnership, ora family farmer or fisherman, he can only seek relief through repayment plan.

6 0
2 years ago
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