1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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
You might be interested in
Which of the following is an example of public relations?
vaieri [72.5K]
Can you give us the multiple choice answers?
5 0
3 years ago
Branch Corporation issued $12 million of commercial paper on March 1 on a nine-month note. Interest was discounted at issuance a
siniylev [52]

Answer:

1                   Cash                                                     11,190,000

                      Discount on Note Payable                810,000

                       Note Payable                                          12,000,000

2-                 Interest Expense                                   810,000

                          Discount on Note Payable                    810,000

3-                  Note Payable                                       12,000,000

                           Cash                                                     12,000,000

Explanation:

In order to pass the Journal entry for issuance of Note Payable. First we need to calculate the Discount on issue of Bond Payable. The discount on note payable is calculated using the 12,000,000 x 9% x 9/12 = 810,000. In case of note payable is discount is interest expense for issuer hence on due corporation will pay full value of note to purchaser of note.

8 0
3 years ago
Calculate percent change if the original value of your stock was $25 and the new value of your stock $30
crimeas [40]

Answer:

Percentage Change | Increase and Decrease

First: work out the difference (increase) between the two numbers you are comparing.

Increase = New Number - Original Number.

Then: divide the increase by the original number and multiply the answer by 100.

% increase = Increase ÷ Original Number × 100.

Explanation:

thats how you find out how to calculate percentage change in value

hope it helps

6 0
2 years ago
Read 2 more answers
Salad Express exchanged land it had been holding for future plant expansion for a more suitable parcel of land along distributio
r-ruslan [8.4K]

Answer:

1.  $173,500

2. $ 71,000

Explanation:

Requirement 1: Solution

We can calculate the fair value of new parcel of land just by adding the current market price with additional cash paid to complete the transaction

Fair Value = Current market price + cash paid additionally

Fair Value = $150,000+$23,500

Fair value = $173,500

Requirement 2: Solution

We need to calculate Gain/loss on exchange first in order to record them on books. This can be done by just subtracting the land's book value from the current market price of land

Gain/loss on exchange = Current market price - book value

Gain/loss on exchange = $150,000 - $79,000

Gain/loss on exchange = $71,000

Entries:               Debit                          Credit  

New land           $173,500

Old land                                                 $79000

Cash                                                       $23,500

Gain                                                        $71,000

5 0
3 years ago
Profits from a sole proprietorship are reported as taxable income and Question 5 options: can be reported as a deduction. are su
Nadya [2.5K]

Answer:

(B) are subject to a self-employment tax of approximately 15%.

Explanation:

8 0
3 years ago
Other questions:
  • Which of the following would most likely constitute a negative externality affecting free resources?
    15·1 answer
  • Olden Company has provided the following information for this month: Sales Price $50 per unit Variable COGS $13 per unit Fixed C
    8·1 answer
  • The idea of efficiency often arises when measuring a society's well-being. There are two kinds of efficiency: productive efficie
    12·1 answer
  • GASB requires enterprise funds to be used under which of the following circumstances? A) When the legal requirement exists that
    5·1 answer
  • Which of the following is NOT a characteristic of a consumer market?A) It consists of purchasers who intend to consume or benefi
    8·1 answer
  • The Boston Consulting Group (BCG) has given specific names and descriptions to the four resulting quadrants in its growth-share
    13·1 answer
  • One of the major weaknesses of the Kyoto Protocol is that developing countries were not included in the emission limitation requ
    8·1 answer
  • As a preferred stockholder, you are entitled to numerous preferences and privileges over common stockholders. If you are a prefe
    9·1 answer
  • Broker A is involved in an exclusive right to sell listing with his seller client, Seller S. After receiving the property condit
    5·1 answer
  • Ɏ₳₦₭ɆɆ ₩ł₮Ⱨ ₦Ø ฿Ɽł₥
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!