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
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

You might be interested in
With respect to the product decision, managers must be able to accept risk and tolerate failure. why this is a necessary hazard
Anastaziya [24]

Answer:

The correct answer is: Regarding the above, it is taken into account that the vast majority of new product ideas do not become marketable products, and most marketable products are failures. Perhaps hundreds of designs accompany each success. So it is the primary task of management to clearly assess the market in order to know what are the trends that allow a business duration over time.

Explanation:

The production or service execution process is the core process that encompasses all the operations carried out by an organization to transform requirements into a final product or service. The entries that involve orders and budgets become work orders that allow planning, design, manufacturing and execution, all supported by the support processes that involve purchases and resources. Finally, the exit of this activity constitutes the process of expedition and after-sale.

3 0
3 years ago
Which of the following is a true statement about inventory systems?A)Periodic inventory systems require more detailed inventory
balu736 [363]

Answer:

B)Perpetual inventory systems require more detailed inventory records.

Explanation:

Under the <em><u>Perpetual inventory system</u></em>, every time a good is sold the cost of goods sold (COGS) needs to be determined. That is the reason the details are so important.

Many times it varies because different units in inventory were purchased at different prices and times. <em>Inflation </em>might be a factor the prices changes too.

However, in the <u><em>Periodic inventory system</em></u>, (COGS) is determined at the end of the accounting period, so the person in charge of keeping the records usually checks the <em>Inventory</em> account at the end of the year to know COGS.

7 0
3 years ago
Which of the following would be a balanced set of measures for any given project?A. Input measures, process measures and output
Inga [223]

Answer:

A. Input measures, process measures and output measures

Explanation:

A project should have all of the following measures.

Input Measures

To ealuate the performance of the project we should measure the resource being used in the project.

Process Measure

In processing phase we should have controls over the resource to get the required output.

Output measure

We should measure the output that a process gives after processing on the resources being input in the process.

6 0
3 years ago
Bayest Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead
maks197457 [2]

Answer:

Applied overhead: 387,750

underapplied by 74,250

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

to get the predetermined overhead rate we will distribute the expected cost along a cost driver. In this case, labor hours.

403,260 / 61,100 = 6.6

Then, we apply this rate to the actual labor hours for the period:

58,750 x 6.6 = 387,750

This will be the applied overhead for the period.

The we compare with the actual overhead:

387,750 - 462,000 = (74,250)

As the actual cost were higher the overhead was underpapplied.

6 0
3 years ago
More than 99% of all U.S. firms are classified as small businesses, and they employ about half of private workers. A small busin
shusha [124]

The small businesses in the United States operate at a very high level, and form a big chunk of the total national employment.

<h3>What is a small business?</h3>

A business which runs and operates on a very small scale, defined as per the government authorities from time to time, is known as a small business.

The advantages of a small business are,

  1. Government subsidies and benefits
  2. Quick decision-making
  3. Easier formation

The disadvantages of a small business are,

  1. Government regulation
  2. Less scope of expansion
  3. Competition

Hence, the significance of a small business is aforementioned.

Learn more about small businesses here:

brainly.com/question/13424073

#SPJ1

3 0
2 years ago
Other questions:
  • The marginal benefit curve is:
    14·1 answer
  • Hello! can you pls help me with this question?
    6·1 answer
  • What is land as a factor of production?
    9·1 answer
  • The Golden Group is a group of luxury hotels that caters exclusively to high-end customers who form a small part of the market a
    5·2 answers
  • Use this end-of-period spreadsheet to answer the questions that follow. Finley Company End-of-Period Spreadsheet For the Year En
    5·1 answer
  • A test-validation strategy performed by demonstrating that the items, questions, or problems posed by a test are a representativ
    8·1 answer
  • The Pioneer Company has provided the following account balances: Cash $39,400; Short-term investments $5,400; Accounts receivabl
    5·1 answer
  • Write a reaction paper of no less than 250 words to the Jenkins and Grossman arguments you read during this lesson.
    8·1 answer
  • An unconfined aquifer with a head of 120 ft (from the bottom of the aquifer) was evaluated using a pumping test. After the head
    12·1 answer
  • In order for a liability to be classified as a current liability, it must be a debt that the company:.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!