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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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Mr. Moore is 35 years old today and is beginning to plan for his retirement. He wants to set aside an equal amount at the end of
Ierofanga [76]

Answer:

c = 2164.16

Explanation:

GIVEN DATA:

Cash Flow= 25000

Interest rate= 10%

Total Periods= 80 - 60= 20 years

PV Ordinary Annuity= C\times (\frac{(1-(1+i)^{-n})}{i})

PV = 25000\times (\frac{(1-(1+0.10)^{-20})}{0.10}) = 212839.09

Annuity to be paid from 35 age to 60 age for amount of 212839.09

No of Periods =  60 - 35 = 25 years

Future Value = 212839.09

Interest rate = 10%

FV Ordinary Annuity = C\times (\frac{(((1+i)^n)-1)}{i})

212839.09 = c \times \frac{(1+0.10)^{25} - 1}{0.10}

c = 2164.16

3 0
4 years ago
1. Meg Ryan, the bookkeeper of Logan Co., was scheduled to leave on a three-week vacation at 5:00 on Friday. She couldn’t get th
morpeh [17]

Answer:

No, She is not right in doing so.

Explanation:

As provided, she tries to close the books by adding all the false amounts which shall alter the balances temporarily and then after returning from vacation she will correct them, but up till vacation the accounts will not represent the true and fair view.

As per US GAAP the books shall represent true and fair view of all the transactions of the company in its accounting records, not only at the year end but even during the year.

Therefore, this will be false and unethical and will be against the compliance of US GAAP if such practice of wrong recording is done.

7 0
3 years ago
. Brown Office Supplies recently reported $18,500 of sales, $8,250 of operating costs other than depreciation, and $1,750 of dep
Degger [83]

Answer:

Option (C) is correct.

Explanation:

EBT means Earnings Before Tax, so you ignore the tax rate for this problem.

Then solve for the EBT figure.

EBT:

= Revenue - Operating costs - Depreciation  - interest

= $18,500 - $8,250 -  $1,750 -  ($9,000 x 7%)

= $18,500 - $8,250 -  $1,750 -  $630

= $7,870

Therefore, $7,870  was the firm's earnings before taxes (EBT).

5 0
3 years ago
Your boss gave you a project to complete in 1 week. How would you go about
Paladinen [302]

Answer:

Communicate the task. Describe to your employees exactly what you want done, when you want it done, and the end results you expect. Be clear and unambiguous and encourage your employees to ask questions. ... Empower your employees with the level of authority required to complete the task.

4 0
3 years ago
The Federal personal income tax is:_______
vredina [299]

Answer:

D. Progressive and the incident is on the tax payer

Explanation:

The federal personal income tax  is  a progressive tax because the tax increases as the income of the individual increases.

A progressive tax  system is where higher tax rate falls on high income  earners and lower tax rate on low income earners.  The incident of personal income tax is on the tax payers  because they the burden of paying the tax is borne by them.

6 0
4 years ago
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