BUSINESS HIGH SCHOOL

A lawyer rented an office building for his law practice and subleased most of the building to three other tenants. The lawyer paid $2,000 per month to the owner and charged his subtenants $600 per month each. After having been in the building for three years, the lawyer and the owner orally agreed that the lawyer would purchase it for a price of $120,000, to be paid in monthly installments of $2,000 over a five-year period. It was further agreed that title would remain in the owner's name until $48,000 had been paid on the total price, whereupon the owner would deliver a deed to the lawyer. Shortly thereafter, the lawyer spent $4,000 redecorating his suite. During the course of the next two years, the lawyer hired an associate and placed her in one of the offices formerly occupied by one of the subtenants, and raised the monthly rental he charged the other two subtenants to $700. Two years after the agreement with the owner, the lawyer demanded that the owner convey the building by delivery of a deed. The owner refused, denying that any oral agreement for sale had ever existed. The lawyer brings an action for specific performance against the owner, who pleads the Statute of Frauds as a defense. If the owner wins, what is the likely reason

Answers

Answer 1
Answer:

Answer: Statute of Frauds

Explanation:

The Statute of Frauds requires that real estate sales be conducted in writing instead of via oral agreement and since the lawyer and the owner had only an oral agreement, the courts would most likely side with the owner.

The lawyer can argue under the Principle of Part Performance (an exception to the Statute of Frauds) that his actions in renovating the place were consistent with someone who had an agreement to buy the place but the owner could argue that the lawyer's actions were simply those of a leasee improving the conditions of the place he is renting. This would bring the courts on the side of the owner.

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Antitrust laws keep businesses from _____.

Answers

Forming monopolies and taking control of a market through vertical or horizontal integration (i.e., Standard Oil Trust headed by John D. Rockefeller).

Suppose the civilian noninstitutionalized working age population is 35.9 million in Laborland, 4.6 million are working part time, and 15.71 million are working full time. Laborland used the Bureau of Labor Statistics (BLS) definitions for unemployment date. Among those not working, the most recent job search activity for 3.20 million happened less than two weeks ago, while 1.72 million most recently looked for work between two and four weeks ago. An additional 0.86 million most recently looked for work five weeks ago, the remaining 9.81 million who don't have jobs have not looked for work in the past six weeks. Round your answers to two decimal placesWhat is Laborland's total labor force?


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Answers

Answer+

What is Laborland´s total labor force?

Answer: 25.23 million

What is laborland´s labor force participation rate?

Answer: 70.28%

How many people are unenployed in laborland?

Answer: 4.92 million

What is Laborland´s unenployemt rate?

Answer: 19.5%

How does tourism benefit the economy

Answers

Tourists pay money for expenses such as transportation, food, and housing soon, more tourists will come and repeat the expense process. Another reason is job opportunities. More jobs are offered that are directed at tourists such as a tour guide, hotel staff, and restaurant workers. 

Which of the following strategies are recommended for small business owners to succeed over the long term? Answera. develop a business plan and gain experience
b. make a friend at the bank and develop a business plan
c. develop a business plan, gain experience, educate yourself, and learn from others
d. borrow money and develop a plan

Answers

Answer:

The correct answer is c. develop a business plan, gain experience, educate yourself, and learn from others

Explanation:

A business plan is a document that summarizes the operational and financial objectives of a company and contains detailed plans and budgets that show how the objectives will be achieved.

It is the road map for the success of your business. For anyone who starts a business, it is a vital first step.

If you have an idea to start a new company, a business plan is essential to determine if your business model is viable.

If initial financing is required, you must have a business plan prepared for investors that demonstrates how the proposed business will be profitable.

For example, the market analysis will reveal if there is sufficient demand for your product or service in your target market - if the market is already saturated, your business model will have to be changed (or discarded).

The competition analysis will examine the strengths and weaknesses of the competition and help steer your strategy to get a market share in your marketing plan.

For example, if the existing market is dominated by established competitors, you will have to develop a marketing plan to attract competing customers (lower prices, better service, etc.)
The right answer for the question that is being asked and shown above is that: "c. develop a business plan, gain experience, educate yourself, and learn from others." The strategies are recommended for small business owners to succeed over the long term is that develop a business plan, gain experience, educate yourself, and learn from others

On august 1, harvey company offered to pay $13,000 for equipment that was advertised as being sold for $19,000 by carrone company. the equipment had a retail value of $23,000 on that day. on august 10, carrone company offered to sell the equipment for $14,700, and harvey company agreed to buy it at that price. at what value will harvey company record the equipment on the books?

Answers

Answer: Harvey company will record the equipment at $14,700 is its books.

We usually record equipment at the actual price at which it was bought. Even though Harry company was willing to pay only $13,000, it actually went ahead and paid $14,700 to purchase the equipment.

We don’t consider the retail price here, since Harvey company did not buy the equipment from the retail market.

In the advertisement, Carrey Company probably put a value of $19,000 (by considering the retail rate) to see the market response to buy the at that price. So, we don’t consider that either.

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Answers

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