subject
Business, 15.07.2019 19:20 CaptainCc

Alandowner owned a large piece of property containing an inn and a bakery. she entered into a contract to sell the property to a purchaser for $1 million. the contract was recorded. the purchaser gave the landowner $200,000 as earnest money. the closing date was set for september 10, two months after the signing of the contract. on august 10, an arsonist set fire to the inn, which burned to the ground. on september 10, the landowner appeared at the closing and tendered the deed to the property. the buyer refused to tender the remaining $800,000 of the purchase price and demanded the return of his earnest money. the landowner sued the buyer for specific performance of the contract. the buyer countersued for the return of his earnest money. both parties stipulate that the value of the property without the inn is $600,000, that insurance on the property had lapsed, and that the common law, unmodified by statute, applies. what is the most likely result at trial?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:00
On june 1 of the current year, chad wilson established a business to manage rental property. he completed the following transactions during june: opened a business bank account with a deposit of $28,000 from personal funds. purchased office supplies on account, $2,690. received cash from fees earned for managing rental property, $7,390. paid rent on office and equipment for the month, $3,310. paid creditors on account, $1,230. billed customers for fees earned for managing rental property, $6,130. paid automobile expenses (including rental charges) for the month, $740, and miscellaneous expenses, $370. paid office salaries, $2,330. determined that the cost of supplies on hand was $1,590; therefore, the cost of supplies used was $1,100. withdrew cash for personal use, $2,210. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300) answer
Answers: 1
question
Business, 22.06.2019 21:00
Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.
Answers: 1
question
Business, 22.06.2019 21:00
An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.
Answers: 2
question
Business, 22.06.2019 21:30
Which of the following best explains why online retail companies have an advantage over regular stores? a. their employees make less money because they mostly perform unskilled tasks. b. they are able to keep distribution costs low by negotiating deals with shipping companies. c. their transactions require expensive state-of-the-art technological devices. d. they have a larger number of potential customers because people anywhere can buy from them.
Answers: 1
You know the right answer?
Alandowner owned a large piece of property containing an inn and a bakery. she entered into a contra...
Questions
question
Mathematics, 06.11.2020 20:10
question
Mathematics, 06.11.2020 20:10
Questions on the website: 13722361