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loris [4]
3 years ago
11

A corporation entered into a contract with an owner of land for the transfer of land at a price of $500,000 in sixty days. The c

ontract was silent as to its assignment. Ten days after the contract was executed, the corporation assigned the contract to a developer with no connections to the corporation. The owner, upon learning of the assignment, has indicated that she objects to the assignment because the developer is not as creditworthy as the corporation and, as a result, there is a greater chance that the developer will be unable to pay the purchase price. Is the owner bound to convey the land to the developer
Business
1 answer:
Zielflug [23.3K]3 years ago
4 0

Answer:

Yes, because the corporation remains liable to the owner under the contract

Explanation:

The above answer is true because in this case, there is no limit to the assignment of the contractual rights between the two parties, hence this assignment of a contract would be treated as both an assignment of rights and a delegation of duties.

Therefore, while the corporation in this case has delegated its duties and assigned its rights under the contract to the developer by assigning the contract to the developer, the corporation is still considered to be liable to the owner for payment of the purchase price.

And given the fact that the developer is not as creditworthy as the corporation, and thus there is a greater chance that the developer will be unable to pay the purchase price, the owner has the rights under the contract arrangement to contractually compel the corporation to do so.

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You have the following information regarding a bond that pays semi-annual coupon payments: Time to maturity is 12 years Coupon R
IrinaK [193]

Answer: 2%

Explanation:

As the coupon payments are semi-annual, you need to convert the other measures to semi-annual measures as well.

Coupon rate = 6%/2 = 3% per semi annum

Coupon payment = 3% * 1,000 which is par value = $30

Time to maturity = 12 * 2 = 24 semi annual periods

Price is still the same = $1,189.14

You can use an Excel worksheet to solve for the Yield:

Number of periods = 24

Payment = $30

PV = 1,189.14

FV is par value of $1,000

Periodic rate is 0.019999

= 2%

7 0
3 years ago
Identify 3 reasons why we should teach financial education.
Sophie [7]

Answer:

Why should financial education be taught in schools?

Financial literacy classes teach students the basics of money management: budgeting, saving, debt, investing, giving and more. That knowledge lays a foundation for students to build strong money habits early on and avoid many of the mistakes that lead to lifelong money struggles

Should financial literacy be taught in schools essay?

it empowers you with basic knowledge of investment options, financial markets, capital budgeting, etc. Understanding your money mitigates the danger of facing a fraud-like situation. ... Basic knowledge of financial literacy will help people with foreseeing the risks and argue/justify with anyone learned and well-informed

4 0
2 years ago
Identify the cultural differences between Greece and Switzerland as per the GLOBE project
7nadin3 [17]
  1. Identify the cultural differences between Greece and Switzerland as per the GLOBE project

your answer is here

3 0
3 years ago
If you borrow $25,000 from a local finance company and you are required to pay $4,424.50 per year for 10 years, what is the annu
djyliett [7]

Use this formula:

A= P(1+rt),

A is the final investment amount (4424.50x10)

P is the principal amount (25,000)

r is the rate of interest (annual)

t is the time period (10)

If A= P(1+rt),

then (1+rt) = A/P.

(1+r(10)=( 44,245)/25,000

10r=1.7698-1

r=.7698/10

<span>r=.07698 or 7.698%</span>

3 0
3 years ago
The organization structure that organizations most commonly adopt to solve control problems that result from producing many diff
lukranit [14]

Answer:

d. product structure.

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Product structure is designed for larger companies. In this flowchart, different products are separated into mini-companies while the management remain unique.

6 0
3 years ago
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