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Fantom [35]
3 years ago
10

Charley Bates defrauded Noah Claypole by inducing him to enter into a contract to sell him his house for half its market value.

Noah pursued an equitable action against Charley, seeking to be let out of the contract. Charley defended himself by claiming that Noah had in fact defrauded Charley by selling him a defective car for twice its market price while hiding the defects. If the court accepts this evidence that was introduced by Charley to prove that Noah had also defrauded him, what should the court do with regard to Noah's equitable remedy that he is pursuing?
A. The court should deny Noah the equitable remedy under the clean hands doctrine.
B. The court should deny Noah the equitable remedy under the laches doctrine.
C. The court should grant Noah the equitable remedy, as equitable remedies may always be pursued, this is one of the maxims of equity, that courts must work justice whenever they may, without regard to technicalities,
Business
1 answer:
Delvig [45]3 years ago
8 0
The correct answer is C
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Bedekar, Inc., has an issue of preferred stock outstanding that pays a $3.40 dividend every year in perpetuity. If this issue cu
Ainat [17]

Answer:

i=4.84%

Explanation:

the key to answer this question, is to remember the model of return for a perpeuity dividend calculation:

Value=\frac{1}{i-k}

where value is the current stock price, i is the dividend yield and k is the growth rate, so applying to this particular case we have

k=3.4/91

k=3.74%

and solving i for the previous formula:

91=\frac{1}{i-0.0374}

0.01098={i-0.0374}

i=4.84\%

8 0
3 years ago
One way that the world bank might experience an adverse selection in its own lending is if __________.
Sloan [31]

Adverse selection describes situations when high-risk persons are more likely to receive insurance or when one bargaining side has important knowledge that the other does not. Our goal is to influence decision-makers, both inside and outside of government, to consider the future and adopt long-term plans.

When vendors and/or purchasers have different knowledge about a certain component of a product's quality, this is referred to as adverse selection. Thus, those who work in hazardous environments or lead high-risk lives are more likely to buy life or disability insurance, knowing that they will likely be able to use it.

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6 0
1 year ago
A firm has an opportunity to invest $95,000 today that will yield $109,250 in one year. If interest rates are 4%, what is the ne
Goryan [66]

Answer:

The net present value (NPV) of this investment is C) $10,048

Explanation:

Net present value (NPV) is the value of the future cash flows over the entire life of an investment discounted to the present.

The firm  invests $95,000 today that will yield $109,250 in one year. The interest rates of the investment are 4%. The net present value (NPV) of this investment:

NPV = $109,250/(1+4%) - $95,000 = $10,048

​

3 0
3 years ago
If we have eight decisions to make and 3 choices for each decision, how can we represent the number of potential outcomes
AveGali [126]

We can represent the number of potential outcomes by 3 to the power 8.

<h3>What is permutation and combination?</h3>

Permutation relates to the act of arranging all the members of a set into some sequence or order.

We can assume, for two choices, we have one decision. This can be represented as, since we have eight decisions,

Representation of the potential outcomes are:

= 3^1 + 3^1 + 3^1 + 3^1 + 3^1 + 3^1 + 3^1 + 3^1

= 3^8

= 6,561

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3 0
1 year ago
On January 2, 2019, Konrad Corporation acquired equipment for $500,000. The estimated life of the equipment is 5 years or 18,000
mojhsa [17]

Answer:

C. $162,000

Explanation:

As for the provided information,

The cost of machine = $500,000

Residual value = $14,000

Therefore amount to be depreciated in useful life = $500,000 - $14,000 = $486,000

Using units of production method we have:

Total expected hours of production = 18,000

Therefore, depreciation per hour = $486,000/18,000 = $27 per hour

Total use in current year = 6,000 hours

Therefore, depreciation in current year = $27 \times 6,000 = $162,000

5 0
3 years ago
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