Client Claire explicitly instructed Agent Jamie not to present her with any offers for her home that came in lower than $150,000. In the days after that conversation, three offers were made: one for $152,000, one for $160,000, and one for $145,000. Which of these offers should Agent Jamie present to Client Claire? only the $160,000 offer the $145,000 offer and the $152,000 offer the $152,000 offer and the $160,000 offer All of then
Q: Emilio's Italian Restaurant enters into a contract with Vino winery wherein Emilio's agrees to…
A: (A) This is the incorrect choice. The omission of a precise number word does not automatically…
Q: What is the most likely status of the contract for the scenario? Jena is contracting with Brigham…
A: Contract It is a written or spoken arrangement, particularly one involving work, purchases, or…
Q: 17. Elizabeth Ellis sells a business asset for $10,000. Assume that Elizabeth has owned the asset…
A: Depreciation is reduction in the value of the assets from its original value. It is the accounting…
Q: Can Blake withdraw his offer to buy Harry’s boat
A: If an agreement has happened orally without any evidence set aside then it is not enforceable by law…
Q: George has three children from a prior marriage and marries Wendy who moves into the family home.…
A: Estate planning is a crucial aspect of ensuring that one's assets are distributed according to their…
Q: Given that one goal of a contract is to avoid litigation, which of the following can be useful to…
A: A legally binding agreement outlining the terms and circumstances of a specific transaction or…
Q: In some negotiation situations, one or both parties may require the counterparty to sign a…
A: Signing an NDA before a project the risk of one party violating confidentiality. This breach of…
Q: Which of the following statements regarding discharge of contracts is FALSE? 1) All parties are…
A: Contracts can be discharged only when either the contracts are performed or by agreement, by…
Q: On December 31, 2023, Reagan Incorporated signed a lease with Silver Leasing Company for some…
A: Approach to solving the question: written above Detailed explanation: Examples: Key references:
Q: The contract for a home purchase typically includes: 1. The negotiated price II. The completion of a…
A: When entering into the significant endeavor of purchasing a home, fundamental components typically…
Q: act for the sale of goods, if the seller does not have a place of business and the contract does not…
A: The answerto this question is true
Q: Tyree and Stella enter into a contract requiring Tyree to pay Stella $500 per month on the first of…
A: A violation of a contract that fundamentally violates the terms of the agreement and is large enough…
Q: Dwayne “the Rock” Johnson, stood outside the door for two hours to prevent Becky from leaving. Ed…
A: Please note that we are not suppose to provide external links as reference in the platform, however…
Q: Sue, a client, wants to know why her premium went up on her home policy as she has had no claims in…
A: You can find the answers to the given mcqs in the following steps.
Q: Buyer Beatrice has entered into an exclusive buyer single agency agreement with Broker Nate. The…
A: The question is asking whether Beatrice's concern about Broker Nate's loyalty being compromised due…
Q: (1) Describe a contract you've entered into. (2) Identify the offeror, (3) the offeree and (4) the…
A: Detailed explanation: Let's delve into a recent contract I entered into: (1) The Contract:Recently,…
Q: Does Peggy have any legal recourse against Bill?
A: Business law refers to the one that deals with the rights, relations, along with conduct of people…
Q: Kathy gives property she has owned for 5 years to Janelle. At the time of the gift, the property had…
A: At the time of the gift, The property had a basis of $35,000. The FMV of the property is $42,500.
Q: Let's say that the owner of a home says "come over next Wednesday to mow my lawn and every week…
A: A contract is an agreement between two parties having a valid offer and acceptance and must be…
Q: In a commercial real estate transaction, which of the following deed types would be used in a…
A: Business law is the aspect of the law that describes the rules, regulations, and laws that are…
Q: An offer was presented but the seller did not accept the offer, instead, he suggested different…
A: An offer is simply referred to as a proposal made by a party called an offeror to another party…
Q: Case study contract law and offer acceptance. Scenario: Alex posts an advertisement to sell his…
A: Contract law plays a vital role in everyday transactions, providing a framework for legally binding…
Q: You have a job bidding provision in the contract which says. Vacancies in bargaining unit…
A: Contract is a legally binding agreement which can be entered between two parties in an arms length…
Q: Sue Flay's Cakery promises to pay Oscar Ruitt not to park in a city-designated no-parking zone in…
A: In the given scenario, Sue Flay's Cakery offers to pay Oscar Ruitt not to park in a city-designated…
Q: This is the "meeting of the minds" required for a valid contract. It can be destroyed by fraud,…
A: Business law is the aspect of the law that redescribes the rules, regulations, and laws that are…
Q: Brown’s TV Production is considering producing a pilot for a comedy series for a major network.…
A: Given data is
Q: A buyer bought a property without telling the seller or broker of his intended purpose for the…
A: The objective of the question is to determine the status of the contract in a situation where a…
Q: You have a job bidding provision in the contract which says. Vacancies in bargaining unit positions…
A: Recruiting the right candidate could be a challenging task for the recruiter. The job requirement of…
Q: Bill offers to sell his car to Tom for $9,000. Tom replies, “Your price is too high! I will offer to…
A: In the given situation, when Tom offers to buy Bill’s car for $8000 when the original offer of Bill…
Q: Akram posted the offer letter on 2 October 2020 to Salam to sell his Honda City for RM50 000 to be…
A: The case involving Akram and Salam unfolds a narrative in the realm of contract law, where the…
Q: PT. Jaya Service Indonesia, a company engaged in car servicing located in Radio Dalam, South…
A: Let's break down the steps to prepare the Income Statement for PT. Jaya Service Indonesia for…
Unlock instant AI solutions
Tap the button
to generate a solution
Click the button to generate
a solution
- Number 16: Which of the following is true about implied authority?What are the terms used for the parties involved in the offers and negotiations leading up to the final contract? offeree and counteror offeror and recipient offeror and counteror offeror and offereeRobert uses a portion of Eric's property in such a manner that he's five years away from adversely possessing the property. Eric sells his property to Kelsey. The effect on the possible adverse possession is: Question 1 options: it cancels the possible adverse possession claim nothing, but only if Robert has told Kelsey of the possible adverse possession of the property nothing, but only if Robert has told Kelsey of the possible adverse possession claim AND Eric consents it starts the running of the clock for adverse possession all over again nothing
- Buyer Javier makes a formal offer to Seller Joy: $250,000 and the appliances stay. Joy counters: $250,000, no appliances. Joy then reconsiders and accepts the first offer. Is Javier is obligated to buy the home? Why or why not? Yes, because Javier never formally withdrew the offer. No, because once Javier's offer is countered, it is considered rejected and is dead. Yes, because Joy's counter was for the same amount of money as Javier's initial offer. No. because a buyer can withdraw from a contract for any reason without penalty.Buyer Bert can't believe that Seller Sam has had a last-second change of heart about entering into an agreement to sell his home to Bert. Sam has offered to refund Bert's earnest money and even pay him something in acknowledgment of Bert's inconvenience and disappointment, but Bert's not having it. He wants Sam's house. Choose the remedy for breach of trust that Bert will most likely take. demand specific performance initiate rescission accept compensatory damages settle for liquidated damageshelp
- b) Johnson is an estate agent and he has been asked by his client to sell for him three products A,B and C.He agrees to pay him 5% commission on each sale and specifies certain conditions: the state agent must sell property A first within 60 days. If and when A is sold, the agent receives a commision on that sale. He can then either back out at this stage or nominate and try to sell one of the remaining two properties within 60 days. If he does not succeed in selling the nominated property at that period,he is not given the opportunity to sell the other. If he does sell it in that period, he is given the opportunity to sell the third property on the same conditions. The following table summarises the prices, selling costs (incurred by the sales agent whenever a sale is made) and the estate agent's estimated probability of making a sale. Property i. ii. A B price of property 12,000 C 25,000 50,000 selling costs probability of sale 400 225 0.7 ( 0.6 0.5 450 Draw up an appropriate…If the delivery term in the parties’ contract for the sale of goods is FOB the place at what the goods originated, absent any other agreement, the buyer is responsible for making reasonable arrangements for the goods to be shipped. true or falseSteve was hired to paint the outside of Denise's house for a price of $1500. Steve showed up everyday to paint and the job was completed in about three weeks. He told Denise he would come- to pick up his payment on Thursday. On Wednesday, Denise me py noticed that one of the spots on the back of the house needed to re-done because it looked messy. When Steve asked for payment Denise refused to pay him anything telling him that he did a messy job and he would have to sue her. Steve is entitled to payment under a theory of subjective contracts. Denise will win because Steve breached the contract. Steve is entitled to payment under a theory of substantial performance. Denise will win and not have to pay anything.
- On January 1, 2021, Crane, Inc. signs a 10-year noncancelable lease agreement to lease a storage building from Holt Warehouse Company. Collectibility of lease payments is reasonably predictable and no important uncertainties surround the amount of costs yet to be incurred by the lessor. The following information pertains to this lease agreement.(a) The agreement requires equal rental payments at the beginning each year.(b) The fair value of the building on January 1, 2021 is $6550000; however, the book value to Holt is $5500000.(c) The building has an estimated economic life of 10 years, with no residual value. Crane depreciates similar buildings using the straight-line method.(d) At the termination of the lease, the title to the building will be transferred to the lessee.(e) Crane’s incremental borrowing rate is 11% per year. Holt Warehouse Co. set the annual rental to insure a 10% rate of return. The implicit rate of the lessor is known by Crane, Inc.(f) The yearly rental payment…What was the correct interpretation of condition 4 in DTR Nominees Pty Ltd v Mona Homes Pty Ltd (1978) 138 CLR 423? Choose one of the following. A plan containing the 9 lots being sold should have already been lodged for registration at the time of contract. The plan attached to the contract containing 35 lots could be registered in 2 stages, so long as the plan already lodged at the time of contract contained the 9 lots being sold. The plan attached to the contract containing 35 lots should have already been lodged for registration at the time of contract. The plan attached to the contract containing 35 lots could be lodged within 14 days of the contract being signed.Buyer Bert can't believe that Seller Sam has had a last-second change of heart about entering into an agreement to sell his home to Bert. Sam has offered to refund Bert's earnest money and even pay him something in acknowledgment of Bert's inconvenience and disappointment, but Bert's not having it. He wants Sam's house. Choose the remedy for breach of trust that Bert will most likely take. accept compensatory damages demand specific performance initiate rescission settle for liquidated damages 19:19