Mr. Anthony orally agreed to sell his refrigerator for P10,000 to Ms. Johnson who made a partial payment of P4,000. Later, Mr. Anthony denied there was such a sale. Can Ms. Johnson enforce the sale considering that the contract was oral and the price was more than P 500? Explain.
Q: d) Your client, Mr. Yeboah, has approached you that he wants to purchase Apolonia Place and…
A: Data available from the main section: i) Firm takes 7.06 years to recover initial investment. ii)…
Q: You have $500,000 saved for retirement. Your account earns 5% interest. How much will you be able to…
A: Solution:- An equal amount is saved each period at end of period is known as ordinary annuity.…
Q: Explain each action below is appropriated or not when a bank manager feels the bank is holding too…
A: Capital is the amount that remains after subtracting a bank's fixed liabilities from its assets…
Q: WHAT IS A SMART CONTRACT? HOW CAN IT BE USED IN FINANCE?
A: Block technlogy is growing very much now days and it is used in finance quite much and this based on…
Q: a. What is Unida's unlevered cost of capital? Unida's unlevered cost of capital is 12.7%. (Round to…
A: Weighted average cost of capital is the weighted cost of equity and weighted cost of debt. This is…
Q: Assume time is measured in years and today is time 0. A payment stream is due to start in 7 years'…
A: concept. future cash flows are discounted to present value by using discount factor or discount…
Q: Please correct my understanding under below situation and answer some question in below situation...…
A: In this question given scenario, "Scenario 1: Current SET50 index is 875 points. Mr.A Anticipate…
Q: Q4 Rank from highest credit risk to lowest risk the following bonds, with the same time to…
A: Solution:- Credit risk means the risk of default of payment from the borrower. In case of bonds,…
Q: In setting up your own company, you intend to make a huge loan from one of the local bank. Being…
A: GIven Loan amount is RM 250,000 Rate 10%
Q: Adamson Corporation is considering four average-risk projects with the following costs and rates of…
A: Different sources of capital are available. We have to find the component cost and then WACC.…
Q: Kirby Enterprises's stock is currently selling for $32.45 per share, and the firm expects its…
A: The value of stock can be found as the present value of the dividends and present value of growth…
Q: You can get a car loan with a term of three years at an APR of 4%. If you can afford a monthly…
A: Borrowed amount refers to the money that is being taken by the borrower from the lender for a…
Q: Explain the importance of historical financial information
A: The historical financial information of a company is the collection of the financial statements of…
Q: se the formula FV = P(1 + R)N Rigoberto invests $8,000, at 6% interest, compounded semiannually…
A: Interest earned is the profit earned on the investment due to the interest and time period of…
Q: HOW IS BLOCKCHAIN TRANSFORMING CAPITAL MARKETS?
A: Blockchain is a mechanism that facilitates digital transactions such as recording transaction…
Q: Jules deposits $70 each month into a 401(k) savings account paying 3.59% annually, and her employer…
A: We know the quantum of funds invested into an account and the accumulated value. We have to find the…
Q: Items 21 to 27 are based on the following information: The balance sheet for the Litex Corporation…
A: Given Notes Receivable = P365,000 Accounts Receivable = P856,000 Interest Receivable = P5,250 Notes…
Q: The correlation with Market index, Beta and CAPM Req. Return worked out manually.
A: State of the Economy Probability T-Bills Philips Pay-up Rubber made Market Index Recession 0.2 7%…
Q: Working capital is also referred to as O Paid-in capital O Retained Earnings O Current Assets O…
A: Several alternatives have been proposed for the term "Working capital". We have to find the correct…
Q: The following table summarizes the yields to maturity on several one-year, zero-coupon securities:…
A: note:- According to bartleby guidelines , if the question involves multiple sub parts , then 1st sub…
Q: Monique contributed $500.00 every month into an RRSP for 15 years. What nominal annual rate of…
A: The nominal rate refers to the rate that is to be taken into account without considering fees,…
Q: 1. Use the table below to find the short rate that will prevail in the fourth year. Confirm that the…
A: We have the spot rates for each year. We have to find the short rate for (1 year rate, at the…
Q: Indell stock has a current market value of $130 million and a beta of 1.50. Indell currently The…
A: The debt/equity ratio that financial leverage is very important in the financial risk and risk…
Q: At the beginning of the month, you owned $6,000 of News Corp, $5,000 of First Data, and $8,500 of…
A: The weighted return of each stock in the portfolio is added together to form the portfolio return.…
Q: Istanbul's Issues. The Turkisk lira (TL) was officially devalued by the Turkish government in…
A: The exchange rate refers to the rate that is used for converting one country's currency into the…
Q: Suppose a five-year, $1,000 bond with annual coupons has a price of $896.24 and a yield to maturity…
A: We need to use PMT formula to calculate periodic payment of bonds which can be calculated by using…
Q: epleement Value of Face of value Coinsurance Building - $360,000 Polity 11 300,000 | Claus /. 90…
A: Given that policy value or insurance covered= $300,000 Amount of loss = $145,000 Replacement value…
Q: Scott purchased a house for $375,000. She made a down payment of 20.00% of the value of the house…
A: Mortgage loans are good for purchase of home because they make payment very easy and simple and long…
Q: A company has a property insurance policy with the annual premium of $1330. In recent months, the…
A: Insurance refers to protection against future uncertainty. Insurance is purchased by individuals and…
Q: Hillsong Inc. manufactures snowsuits. Hillsong is considering purchasing a new sewing machine at a…
A: Initial investment Purchase cost of new machine 2450000 Less: Sales consideration of…
Q: You have $15,000 to invest. You want to purchase shares of Alaska Air at $42.88, Best Buy at $51.32,…
A: A portfolio is made up of numerous asset classes and industries (stocks, bonds, derivatives, foreign…
Q: 4. Determining the optimal capital structure Understanding the optimal capital structure Review this…
A: The optimal capital structure is the best parity between debt and equity which has the effect of…
Q: ompensate the bondholders for getting the bond called, the issuer pays which of the following?…
A: The some bonds are having features like that they can be called at any time before maturity if the…
Q: A computer is being sold for RM5,000 cash. Through an instalment purchase, the purchaser has to pay…
A: Reducing balance method means that interest is charged on the principal amount of loan outstanding…
Q: A market in which all financial assets can be sold to someone other than the original issuer is…
A: A primary market is a market where securities are first issued by its original issuer/ creator. Once…
Q: H Instructions SC EX19 4b Protected View Saved to this PC age 1 of 5 1190 words 46'F Mostly clear…
A: A loan is referred to as the financial arrangement in which a recipient incurs a debt and is…
Q: The IRR evaluation method assumes that cash flows from the project are reinvested at the same rate…
A: Year Cash flow 0 $ -30,00,000.00 1 $ 2,75,000.00 2 $ -1,25,000.00 3 $…
Q: payback period
A: A project's payback period is the number of years required to recoup the money spent on it. We don't…
Q: A 6 percent corporate coupon bond is callable in five years for a call premium of one year of coupon…
A: Bonds issued by corporate or the government to raise funds. From an investor perspective, the bond…
Q: er year, and insurance is $360 per year. They are requesting a conventional loan from the local…
A: Mortgage loans are necessary to obtain the loans and mortgage make the purchase of home easy but…
Q: True or False: The following statement accurately describes how firms make decisions related to…
A: A paragraph is given describing how firm decides to issue new equity. An issuance of equity is…
Q: Determine whether each of the statements (a)–(c) is True or False. A) Underestimation of the…
A: Capital Asset Pricing Model (CAPM) is used to determine the cost of equity of a firm or project…
Q: Ten years ago, Cullumber Ltd., issued 703,800 shares, which are still outstanding, for a total value…
A: Given: Total value = $4.86 Million Shares outstanding = 703,800 Reverse split = 1 for 23
Q: Assume a 2 year, 5 year, 10 year and 30 year bond all pay a coupon rate of 4%. Test how the bond…
A: Bonds are debt instruments issued by companies. They pay periodic coupons or interests to the bond…
Q: Indell stock has a current market value of $110 million and a beta of 2.00. Indell currently has…
A: Here, Current market value = $110 million Beta = 2.00 Additional risk-free debt = $44.45 million…
Q: what formula was used to find ordinary annuity and annuity due?
A: The concept of the time value of money determines that the worth of money gets depreciated over a…
Q: A firm is considering purchasing equipment that will reduce annual costs by P 40,000. The equipment…
A: The Equivalent annual cost method takes the initial cost of the asset, operating costs, and…
Q: profitability index?
A: Net present value, is a financial metric used to measure the whole value of an investment…
Q: A Cooling Tower initially costs P16,450 and has a salvage value of P880 at the end of its economic…
A: Book value is the carrying value of the asset that is shown in the balance sheet after taking into…
Q: The Fritzes are buying a house that sells for $107,000.The bank is requiring a minimum down payment…
A: Given Price of house is $107,000 Down payment is 20%
Mr. Anthony orally agreed to sell his refrigerator for P10,000 to Ms. Johnson who made a partial payment of P4,000. Later, Mr. Anthony denied there was such a sale. Can Ms. Johnson enforce the sale considering that the contract was oral and the price was more than P 500? Explain.
Step by step
Solved in 3 steps
- -G, guardian of M, sold the latter’s parcel of land worth P100,000 for only P90,000. Is the contract rescissible? Explain. -X orally sold his lot to Y for P500,000 and the latter gave an earnest money in the amount of P50,000 which the former acknowledged in a receipt. Later on, X refused to comply with the contract. Can Y enforce the contract against X? Explain.Henry and Wilma, an elderly immigrant couple, agreed to purchase from Brown a refrigerator with fair market value of $450 for twenty-five monthly installments of $60.00 per month. Henry and Wilma now wish to void the contract, asserting that they did not realize the exor- bitant price they were paying. Result?Mr. Asif is a minor who entered in a contract & offered to sale a Toyota Corolla GLI model 2019 & demanded Rs.2.5 Million. Mr. Aneel is willing to buy Mr. Asif’s car with same price. Whether it is a valid contract? Answer must be in (Yes or No) Give reason to support your answer in part a
- Mr. S obliged himself to deliver to Mr. B 50 sacks of sugar for P20,000. Mr. S was not able to comply with his undertaking. Mr. B was now forced to find a new seller of sugar. Mr. B was able to buy 50 sacks of sugar from Mr. T for P20,000 also. Is Mr. S still liable?Holly took a prospective client to dinner at a restaurant, and after agreeing to a business deal, they went to the theater. Holly paid $490 for the meal and separately paid $170 for the theater tickets, amounts that were reasonable under the circumstances. What amount of these expenditures can Holly deduct as a business expense? Multiple Choice $660 $330 $490 $85 None—the meals and entertainment are not deductible except during travel.A binds himself to give P10,000 to B upon the death of the father of A. Is the obligation of A conditional or one with a period? L (seller) sold his TV set to M (buyer), who gave L the option to deliver instead his refrigerator. Is L liable to M in case the TV is lost through L’s fault?
- Can someone help me to find the correct answer and explain it in detail? Thank you X sold his motor vehicle to V who bought it for P200,000. It turned out however, that X has 2 motor vehicles: Toyota valued at P230,000 and Lancer valued at P220,000. Which is correct? A. There is no contract of sale between X and V B. The parties may ask for interpretation or reformation C. The parties can ask for annulment of the contract D. V may choose between the Toyota or LancerWatson agreed to buy Ingram’s house for $355,000. The contract provided that Watson deposit $15,000 as earnest money and that “in the event of default by the Buyer, earnest money shall be forfeited to Seller as liquidated damages, unless Seller elects to seek actual damages or specific performance.” Because Watson did not timely comply with all of the terms of the contract, nine months after the Watson sale was to occur, Ingram sold the house to a third party for $355,000. Is Ingram entitled to Watson’s $15,000 earnest money as liquidated damages? Explain.Frank's Mini Mart sold a piece of equipment on an installment agreement, to a competitor on the other side of town. The other owner failed to make the payments and Frank had to repossess the equipment. What is Frank's gain or loss on repossessed personal property with a fair market value of $12,000 on the date of repossession, where the seller's basis in the installment obligation at the time of repossession is $7,500, and the costs of repossession were $500? (a) Loss of $500. (b) Gain of $4,000. (c) Gain of $4,500 (d) Gain of $5,000.
- Bill is cleaning his basement and finds an old vase. Believing the vase is worthless he sells it for $50.00. Later he discovers that the vase was really worth $25,000. Bill will be able to: A) recover $25,000. B) not recover anything because mistakes in judgement as to value do not permit you to avoid a contract. C) rescind the contract D) all of the aboveLinda induced Sally to enter into a purchase of a home theater receiver by intentionally misrepresenting the power output to be seventy-five watts when in fact the unit delivered only forty watts. Sally paid $450 for the receiver. Receivers producing forty watts generally sell for $200, whereas receivers producing seventy-five watts generally sell for $550. Sally decides to keep the receiver and sue for damages. How much may Sally recover in damages from Linda?Quince owns a used-car lot where Ray works as a salesperson. Quince tells Ray not to make any warranties for the cars. To make a sale to Sylvia, however, Ray adds a 50,000-mile warranty. Later, Sylvia sues Quince for breach of warranty. Quince may hold Ray liable for any damages he must pay to Sylvia under which remedy: a. indemnification b. avoidance c. constructive trust d. accounting