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miss Akunina [59]
3 years ago
12

A buyer entered into a written contract with a seller to purchase his commercial property for $100,000. The contract did not spe

cify the quality of title to be conveyed, and made no mention of easements or reservations. The closing was set for November 25, three months from the signing of the contract. Shortly thereafter, the buyer obtained a survey of the property, which revealed that the city had an easement for the public sidewalk that ran in front of the store. Because this actually enhanced the value of the property, the buyer did not mention it to the seller. Subsequently, the buyer found a better location for her business. On November 1, the buyer notified the seller that she no longer intended to purchase the property. The seller told her that he intended to hold her to her contract. At closing, the buyer refused to tender the purchase price, claiming that the seller's title is unmarketable and citing the sidewalk easement as proof of that fact. In a suit for specific performance, will the seller likely prevail
Business
1 answer:
sukhopar [10]3 years ago
3 0

Answer:

Im pretty sure that the seller would prevail.

Explanation:

If not than I apologize so sorry <3

You might be interested in
Compute the takt time for a system where the total time per shift is 370 minutes, there is one shift, and workers are given 3 11
Pie

Answer:

Talk time= 0.88 minutes.

Explanation:

The talk time is the time that is used by employees talking on one phone call. This is calculated by getting the time spent on calls in a day. The call time is now divided by the daily demand of calls.

In the given instance there is only one shift of 370 minutes.

Break given is 3*11= 33 minutes

Lunch break is 35 minutes.

So remaining time= 370-33-35= 302 minutes.

Talk time = Time per shift/Daily demand

Talk time= 302/342

Talk time= 0.883 minutes.

6 0
4 years ago
The Odessa Supply Company is considering obtaining a loan from a sales finance company secured by inventories under a field ware
dimulka [17.4K]

Answer:

a) 15.33%

b) 16.4%

Explanation:

Data provided in the question:

Annual interest rate = 10 percent

Additional cost of maintaining a field warehouse = $16,000 per year.

Now,

Annual financing cost

= [ ( Interest cost + Additional cost ) ÷ Usable funds ] × 100%

For a) Amount borrowed = $300,000

Annual financing cost

= [ ( 10% of $300,000 + $16,000 ) ÷ $300,000 ] × 100%

= 15.33%

For b) Amount borrowed = $250,000

Annual financing cost

= [ ( 10% of $250,000 + $16,000 ) ÷ $250,000] × 100%

= 16.4%

4 0
4 years ago
Dorsey Co. has expanded its operations by purchasing a parcel of land with a building on it from Bibb Co. for $83,000. The appra
algol [13]

Answer:

The cost should be recorded for the land is $15,150

Explanation:

In order to calculate the cost should be recorded for the land we would have to calculate the following formula:

cost should be recorded for the land=(Appraised value of land/Appraised value of land and building)*combine cost of land and building

Appraised value of land=$23,000

Appraised value of land and building=$23,000+$103,000=$126,000

combine cost of land and building=$83,000

Therefore, cost should be recorded for the land=($23,000/$126,000)*$83,000

cost should be recorded for the land=$15,150

The cost should be recorded for the land is $15,150

4 0
3 years ago
Edwards Construction currently has debt outstanding with a market value of $101,000 and a cost of 10 percent. The company has EB
Mashcka [7]

Answer:

(a) (i) 0

    (ii) 1

(b) $27,775; 0.784

(c) $166,650; 0.377

Explanation:

a-1)

Interest paid = market value of debt × cost

                     = $101,000 × 0.1

                     = $10,100

EBIT = $10,100

Cash flow to shareholders = EBIT - Interest paid

                                            = $10,100 - $10,100

                                            = 0

value of equity = 0

a-2)

Debt to value = total debt ÷ total value of firm

total debt value debt is $101,000

No default is likely to occur

Hence , total value of firm = total debt

                                            = $101,000

Hence, the debt to value ratio is 1 .

(b)   At growth rate 2%

EBIT next year will be:

= $10,100 × (1.02)

= $10,302

Since there is no risk, the required return for shareholders is the same as the required return on the company’s debt.

The payments made to the shareholders increase at 2% every year.

Present value of these payments :

Value of equity = [ $10,302 ÷ (0.1 - 0.02)] - [$10,100 ÷ 0.1]

                           = $128,775 - $101,000

                           = $27,775

Debt to value ratio = $101,000 ÷ ($101,000 + $27,775)

                               = 0.784

(c)   At growth rate of 6%

EBIT next year will be:

= $10,100 × (1.06)

= $10,706

Present value of these payments :

Value of equity = [ $10,706 ÷ (0.1 - 0.06)] - [$10,100 ÷ 0.1]

                           = $267,650 - $101,000

                           = $166,650

Debt to value ratio = $101,000 ÷ ($101,000 + $166,650)

                               = 0.377

7 0
3 years ago
When designing an organizational structure for an international environment, management must choose between a ________, which in
Vesnalui [34]

Answer: A) global approach; local approach

Explanation: An organizational structure of a firm is defined as a system that is employed to define hierarchy or ranking within the organization. It helps identifies each job, its function, where it reports to within the organization as well as superiority between employees based on their status, authority or some other trait. A structure when developed aims to establish how the organization operates to execute its goals.

While a global organizational structure is the way a company aims to merge local preferences with global strategy and also integrates activities on a coordinated worldwide basis, the local approach to organizational structure differentiates activities in each country served wherein the organization exists.

5 0
3 years ago
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