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Troyanec [42]
3 years ago
6

A landowner validly conveyed a small office building to the green party "as long as they use it for operating quarters until the

next presidential election." after the next presidential election, which was in three years, the building would go to a private organization that monitors and prepares comprehensive listings of gas prices throughout the country. a year after the conveyance, the landowner died, validly devising all of her property to her son. although this jurisdiction is a common law jurisdiction with respect to all real property considerations, the state's probate laws provide that future interests or estates in real property may be passed by will or descent in the same manner as present or possessory interests. last week, the green party and the gas monitoring organization joined together to sell the office building in fee simple absolute to a developer. the son filed suit to prevent the sale of the property to the developer. in this action, who should prevail?
Business
2 answers:
hjlf3 years ago
7 0

The green party and the gas monitoring organization should prevail because the land owner had willed that the property be given to them.

qwelly [4]3 years ago
3 0

Answer:

The son

Explanation:

In this example, it is the son who should prevail. In this case, the grant did not provide for what would happen if the party stopped using the building. The party was only allowed to use the office building as operating headquarters during a 3 year period. This means that the son had the reverter interest. When a person holds property in fee for a determinate amount of time, he or she only holds the property as long as the event stated occurs. If this event happens, then the property would go back to the grantor (or in this case, the son).

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Suppose the price elasticity of demand for cereal is negative −1.03. If​ so, then the demand for cereal is (unit-elastic, elasti
kari74 [83]

Answer:

The demand for cereal is elastic.

The demand for the magazine is inelastic.

Explanation:

The price elasticity of demand is the degree of responsiveness of quantity demanded to change in price. A negative price elasticity implies that the product is a normal good.

The price elasticity of demand for cereal is −1.03. This means that the demand is price elastic. An elastic demand implies that a change in price will cause more than proportionate change in quantity demanded.

The price elasticity of demand for a particular magazine is −0.72. This means that the demand is price inelastic. An inelastic demand implies that a change in price will cause less than proportionate change in the quantity demanded.

5 0
3 years ago
Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.2 pound
Eduardwww [97]

Answer and Explanation:

The computation of the contribution margin per pound for each of the three products is shown below:

As we know that

Selling price per pound - Variable cost per pound = Contribution margin

For Product K1

= $155.8 - $91

= $64.8

For Product S5

= $108.92 - $90

= $18.92

For Product G9

=$205.55 - $136

= $69.55

Now the contribution margin per pound is  

For Product K1 = Contribution margin ÷ Pound  

                       = 64.8 ÷ 4.2  

                       = 15.43 per pound

For Product S5 =  Contribution margin ÷ Pound  

                        = 18.92 ÷ 4.1  

                        = 4.61 per pound

For Product G9 = Contribution margin ÷ Pound

                          = 69.55 ÷ 5.3

                          = 13.22 per pound

6 0
2 years ago
Imogene loves to travel and communicate with other people. she is very patriotic and believes in helping and protecting others.
hammer [34]

The  two career pathways that imogene is best suited for is: National Security and Governance.

<h3>What is National Security and Governance?</h3>

National Security and Governance can be defined as the ability of a person to help and defend their citizenry or others and to as well protect their citizenry.

Based on the scenario given Imogene should go choose  National Security and Governance as her career as this will enable her to achieve her goal and to as well make her dream to come to pass.

Therefore The  two career pathways that imogene is best suited for is: National Security and Governance.

Learn more about National Security and Governance here:brainly.com/question/25375059

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8 0
1 year ago
Suppose the following information was taken from the 2022 financial statements of FedEx Corporation, a major global transportati
kifflom [539]

Answer:

9.6 times ; 37.9 days

Explanation:

The computation of the accounts receivable turnover and the average collection period is shown below:

Accounts receivable turnover ratio  = Credit sales ÷ average accounts receivable

where,  

Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2

= ($4,350 + $3,150) ÷ 2

= $3,750 million

And, the net credit sale is $36,100 million

Now put these values to the above formula  

So, the answer would be equal to  

= $36,100 million ÷  $3,750 million

= 9.6 times

And, the Average collection period in days = Total number of days in a year ÷ accounts receivable turnover ratio

= 365 days ÷ 9.63 times

= 37.9 days

5 0
3 years ago
This is the interest rate at which commercial banks earned from keeping their excess reserves at the Federal Reserve.
Naya [18.7K]

The interest rate that commercial banks earn from keeping excess reserves at the Fed is A. IORB.

<h3>What is the IORB?</h3>

The full term is, "Interest on Reserve Balances (IORB)" and it is a rate that is paid by the Fed to banks.

This rate is based on the amount of excess reserves that the bank keeps at the Fed to help with its monetary policy.

Find out more on the Interest on Reserve Balances at brainly.com/question/27962333.

#SPJ1

8 0
2 years ago
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