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Ksju [112]
2 years ago
15

Shania offers to sell her lakefront property to Tonya for $150,000, and Tonya agrees to buy it. Tonya and Shania both sign the r

eal estate contract, but, before they close the deal, Shania learns that a new resort is being opened on the lake. The opening of the resort will drive property prices up in the area, so Shania believes she can sell her property to someone else and get a better price on the deal. Shania tells Tonya that she has decided not to sell the property to Tonya. If Tonya sues to enforce the contract, a court will likely: ___________
Business
1 answer:
Lina20 [59]2 years ago
8 0

Some of the likely things which a court would do if Tonya sues to enforce the contract are:

  • 1. X not enforce the contract, because people are free to choose to whom they sell their property.
  • 2. award monetary damages to Tonya.
  • 3. require Shania to go through with the sale.
  • 4. X grant specific performance by requiring Shania to find a comparable piece of land for Tonya at a comparable price.

<h3>What is a Contract?</h3>

This refers to the legally binding agreement which is entered by two or more parties based on terms and conditions.

With this in mind, we can see that because Shania wants to sell her lakefront to Tonya for $150,000 and they sign a contract but before they close the deal, Shania discovers that the property prices would go up and declines to sell.

In conclusion, if Tonya sues to enforce the contract, we can see that the contract would not be enforced, but Tonya would be paid monetary damages.

Read more about contract here:

brainly.com/question/984979

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Policies related to setting interest rates, control of currency supply, and the buying/selling of treasury bonds are referred co
Zolol [24]

Policies related to setting interest rates, management of money supply, and the buying/selling of treasury bonds are referred collectively as <u>Monetary policy</u>

Monetary policy is primarily involved with the management of interest rates and the total pool of money in circulation and is generally taken out by central banks, such as the U.S. Federal Reserve.

<h3>What is monetary policy and fiscal policy?</h3>

Monetary policy refers to central bank activities that are headed toward influencing the amount of money and credit in an economy. By contrast, fiscal policy guides to the government's decisions about tax and spending. Both monetary and fiscal policies are used to control economic activity over time

To learn more about Monetary policy, refer

brainly.com/question/13926715

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8 0
1 year ago
Why did many banks fail after the stock market crashed?
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6 0
3 years ago
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Explain the relationships among speed, frequency, and the number of poles in a three-phase induction motor
Triss [41]

The synchronous speed (rpm) equals 60 times the frequency divided by the number of pole pairs. For 50Hz, a two-pole motor will have a synchronous speed of 3000 rpm, a four-pole motor of 1500 rpm.

The actual speed is a few percent lower due to the slip of the asynchronous motor.


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What is a trailing stop loss
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A trailing stop-loss order is a special type of trade order where the stop-loss price is not set at a single, absolute dollar amount, but instead is set at a certain percentage or a certain dollar amount below the market price. A trailing stop-loss is sometime referred to simply as a trailing stop.

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A company’s retained earnings increased $375,000 last year and its assets increased $973,000. The company declared a $79,000 cas
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Answer:

C. $454,000.

Explanation:

We know that

The ending balance of retained earnings = Opening balance of retained earnings + net income - dividend paid

$375,000 = $0 + net income - $79,000

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The ending balance of retained earnings - Opening balance of retained earnings is also known as increase in retained earning

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3 years ago
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