Why/why not?

If the seller has already sent a counteroffer to one prospective buyer and then receives another offer from a second prospective buyer that is even better: They are free to respond to the new offer from the second prospective buyer without withdrawing their counteroffer to the first prospective buyer. They should withdraw the counteroffer to the first prospective buyer before responding to the new offer from the second prospective buyer. They must tell the first prospective buyer about the new offer from the second prospective buyer and give the first prospective buyer an opportunity to match the new amount. They cannot do anything until they hear back from the first prospective buyer +

T/F 9. The followings are three substantive requirements of a lease agreement except?A. There must be certainty of duration.B. The lessee must be granted exclusive possession of the premises.C. The lease is granted in consideration of the payment of rent.D. The lessor must be the owner of the property.

TWENTY-THREE. Cost reimbursable contracts are most often used when the scope of work or the costs for performing the work are well known.   True   False

The non-disclosure agreement is also known as the confidentiality agreement. True False

Which of the following statements most adequately describes the contract law concept of consideration? Services Money The thing of value given for a promise Doing something nice for another

Ned works for a ride share service. By contract with his boss, he must work at least 35 hours per week in the borough of Manhattan; can only give rides to people through the company app; must use the route set forth on the company GPS program; cannot work for another rideshare operator. He is paid on commission – 60% of fares. Can Ned be properly categorized as an independent contractor?

Please create an employment contract. You can decide to act as the employer or employee on the contract. Make sure to look at a variety of New York employment contracts and use the typical language seen in the contracts.

Leary and O’Donnell, a local CPA firm, has been asked to bid on a contract to perform audits for three counties in its home state. Because existing staff are fully scheduled, if the firm is awarded the contract, it must hire one new staff member at a salary of $63,000 to handle the additional workload. The managing partner is convinced that obtaining the contract will lead to additional new clients from the respective counties. Expected new work (excluding the three counties) is 860 hours at an average billing rate of $90 per hour. Other information follows about the firm’s current annual revenues and costs:   Firm volume in hours (normal) 30,750   Fixed costs $ 575,000   Variable cost $ 35 /hour   Should the firm win the contract, the audits of the three counties will require 840 hours of expected work.   Required: 1. If the managing partner’s expectations are correct, what is the lowest bid the firm can submit and still expect to increase annual net income? What would be…

Discuss what are the various rules regarding the declaration and payment of dividend ?