Daniel and Lena have spent months looking for their dream home. One day they saw it and fell in love with everything about the house. They asked the realtor to draw up a purchase agreement, which they then signed. After signing the papers, they asked
the realtor whether the house was in good shape. The realtor said that it was. When the Daniel and Lena moved into the house, they realized that the basement had serious water problems and that the roof leaked. They now want to sue the realtor. What tort should they consider? If they sue the realtor for this tort, will they win? Why or why not? Explain.
Daniel and Lena should consider the tort of misrepresentation, but they will have difficulty winning the case. Daniel and Lena did not rely on this misrepresentation regarding the condition of the house, because they had already signed the purchase agreement when the realtor told them the house was in good shape.
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A corporation reports the following year-end balance sheet data. The company's working capital equals: Cash$40,000 Current liabilities$75,000 Accounts receivable 55,000 Long-term liabilities 35,000 Inventory 60,000 Common stock 100,000 Equipment 145,000 Retained earnings 90,000 Total assets$300,000 Total liabilities and equity$300,000
A. $80,000 B. $300,000 C. $190,000 D. $155,000 E. $75,000
In an undifferentiated targeting strategy, a firm can approach all consumers with the same product offering and marketing mix.
Answer the following statement true (T) or false (F)
The making of an assignment __________ the assignor of any obligation of the contract.?
A)relieves? B) conditionally relieves C) does not relieve D) discharges
The filing of a bankruptcy petition operates as a(n) ______, which prevents creditors from taking action, such as filing suits or foreclosure actions, against the debtor.13
A) Reorganization B) Order of Relief C) Liquidation D) Automatic Stay