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Solnce55 [7]
3 years ago
15

Maurice is buying a property from Robert. At the initial property viewing, Robert tells Maurice that the property is 4.1 acres.

They agree to a price, and enter into a purchase and sale agreement. Prior to closing, Maurice orders a survey. The surveyor discovers that the property is only 3.92 acres in size. Maurice and Robert's purchase and sale agreement is most likely:
Business
1 answer:
andreev551 [17]3 years ago
8 0

Answer:

The contract is voidable.

Explanation:

The survey discovered a misrepresentation in the consideration (the size of the land), so that means that Maurice can choose to void it or not. A voidable contract is a contract that can be voided. In this case, the injured party is only Maurice, so only he can void it, or choose not to. They might negotiate a discount or something, it is up to him.

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Assume that Jack, Hal, and Sophia enter into a valid contract for the sale of the restaurant and for the covenant not to compete
Salsk061 [2.6K]

Answer: Reformation

Explanation: In simple words, reformation refers to a process in which something is changed in the current subject to set it again on the right path.

In the given case, the judge believes that the time period set for avoiding the competition is unusually long. Thus, they can reform the contract to make it suitable and justified for all the parties involved.

6 0
3 years ago
Which product-market combination has the greatest potential?
Sauron [17]

The product-market combination that has the greatest potential is B. Fashion items to the younger segment.

It should be noted that the potential of a particular product can be determined based on the people that the product is designed for.

In such a case, a product that's designed for the younger generations will attract more customers since younger people generally like things that are trendy.

Therefore, in this case, the fashion items for the younger segment have more potential.

In conclusion, the correct option is B.

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brainly.com/question/25038448

7 0
3 years ago
A stock with a beta of 1.1 has an expected rate of return of 16%. If the market return this year turns out to be 10 percentage p
Sedbober [7]

Answer:

The rate of return on the stock can be best guessed to be 5%

Explanation:

Beta = 1.1

expected rate of return = 16%

But return = 10%

1.1 x 10%

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The updated expectation for the stock return is

= 16% − 11%

= 5%.

Therefore The rate of return on the stock can be best guessed to be 5%

7 0
3 years ago
If the government imposes an effective interest rate ceiling in the loanable funds market, how would quantity demanded and quant
lisov135 [29]
<span>If the government were to impose an interest rate ceiling, it would aid in increasing the quantity of demand and it would expand the accessibility of loanable funds to the general public. However, it might impact the amount of profit received from interest.</span>
5 0
3 years ago
Toyota Motor Company operates in many different countries and pays taxes at many different rates.​ However, they always pay the
Amiraneli [1.4K]

Answer: Foreign neutrality

Explanation:

 According to the given scenario, the Foreign neutrality tax policy is one of the concept that is specifically used by the Toyota motor company for operating various types of functions and operations in the environment.

The neutrality is basically used to create the various types of  incentives in an organization and support the foreign taxation process and the foreign neutrality is one of the tax policy that is used for paying taxes across countries with different types of rates.

 Therefore, Foreign neutrality is the correct answer.

6 0
3 years ago
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