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Solnce55 [7]
4 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]4 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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How is an investment bank different from a commercial bank?
Fed [463]

Answer:

the answer is A. An investment bank is a non-depository institution; a commercial  bank takes customer's deposits.

Explanation:

An investment bank is catering specially to the business and institutional requirements while a commercial bank tends to support the requirements of general public and private businesses.

3 0
3 years ago
Which of the following is the meaning of "market" in economics?
postnew [5]
<span>The mechanism, process, or means by which buyers and sellers are brought together.</span>
3 0
4 years ago
Comet Company is owned equally by Pat and his sister Pam, each of whom hold 100 shares in the company. Comet redeems 50 of Pam's
muminat

Answer:

The tax consequences to Comet because of the stock redemption would be a reduction of $40,000 in E&P because of the exchange.

Explanation:

According to the given data we can conclude that the tax consequences to Comet because of the stock redemption would be Reduction of E& P due to exchange. In order to calculate the amount of Reduction we would have to make the following calculation:

Reduction of E& P due to exchange=Total E&P*Total voting Right Sold

According to the given data we have the following:

Total E&P=Comet has total E&P of $160,000

Total voting Right Sold=shares redeem by comet/shares by Pat+shares by Pam

Total voting Right Sold=50/ (100+100)

Total voting Right Sold=25%

Therefore, Reduction of E& P due to exchange=$160,000*25%

Reduction of E& P due to exchange=$40,000

The tax consequences to Comet because of the stock redemption would be a reduction of $40,000 in E&P because of the exchange.

8 0
4 years ago
How would a rise in business investment affect the aggregate demand curve?
vlabodo [156]
The aggregate demand curve shifts to the right
7 0
4 years ago
Read 2 more answers
Fiona works for an organization that needs concise data as well as detailed historical data for analysis from time to time. Whic
Rasek [7]

Answer:

Refer below.

Explanation:

Time-Variant :

Historical data is kept in a data warehouse. For instance, one can recover documents from 3 months, a half year, a year, or even past data from a data warehouse. These varieties with an exchanges framework, where regularly just the most current record is kept.

Subject-Oriented :

A data warehouse focus on the displaying and investigation of data for leaders. In this manner, data warehouses regularly give a compact and clear view around a specific subject, for example, client, item, or deals, rather than the worldwide association's progressing activities. This is finished by barring data that are not valuable concerning the subject and including all data required by the clients to comprehend the subject.

8 0
3 years ago
Read 2 more answers
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