When Ken comes home from work one day, his neighbor Nick is waiting for him. "Your lawn is a mess," says Nick, "and you really should do something about it." Ken says, "I'm going on vacation tomorrow. Can you get someone to do a nice job on the lawn for me?" Nick says, "Sure." Nick hires Carlos, a professional landscaper, to fix up Ken's lawn and yard. When Ken returns, Carlos presents him with a bill, which was a reasonable amount. Ken says that he never authorized Nick to promise that Ken would pay this amount. Is Ken obligated to pay Carlos? O Yes, because of Nick's express authority. O Yes, because of Nick's incidental authority. O Yes, because of Nick's ratification authority. O Yes, because of Nick's estoppel authority.

Alpesh

Larkin and Oliver bought their first home in May 2019. Their real estate agent told them that all of the property tax would be deductible. Is this accurate? Yes. All property tax is deductible on the purchase of homes. Yes. Besides the complete property tax deduction, homeowners can also get an exclusion from capital gains (but only if they are a married couple, like Larkin and Oliver). No. The only tax benefit for homebuyers is that they are allowed to withdraw up to $10,000 from their IRA to go toward the down payment for their home. No. Homeowners can deduct a total of $10,000 between state, city, and property taxes.

FACTS: Noel is a computer programmer at Jonadel Corporation. He was delighted to know that part of the company’s athletic program is a mixed doubles tennis tournament to be held at the corporate tennis court. Grace, who works in the same department, used to play with Noel on many occasions and the two would like to compete in the tournament. They feel that there is a great chance to win the annual tennis competition. There is a growing interest among employees who are tennis players in the corporation as it develops more productivity at work. The management themselves are all tennis enthusiasts. The tournament is scheduled on Friday afternoon and management declared this as a “tennis holiday”. It is a day of fun and workers can cheer for their respective teams. Management supported the program with free snacks and fun fairs to make the occasion memorable. It was a four – consecutive Friday’s tournament. Noel and Grace advance to the final round. They were leading in the third set which…