Business, 17.01.2020 18:31 mahin3545

Bud jones offered to sell kate wickham two acres of his land for $75. bud had served as a surrogate father to kate after her parents were killed in an accident. bud wanted to be sure that kate had a place to build a home once she finished college. kate accepted the offer. when kate finished college, she asked bud to sign over the deed to the property. bud explained that because of several business setbacks, he was going to sell the land to someone else for $239,000. kate had never paid the $75.
a. kate has no contract because the consideration was never paid.
b. kate has no rights in the property because the $75 was insufficient consideration.
c. the contract would be set aside because it was unconscionable.
d. kate could enforce the contract if she has sufficient proof of what bud told her.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 20:30

Identify the level of the literature hierarchy for u.s. gaap to which each item belongs

Answers: 1

Answer

Business, 23.06.2019 06:30

Afinance company wants to upgrade its accounting software to a higher version. this version change requires a change in data formats. which method represents a change in data formats?

Answers: 1

Answer

Business, 23.06.2019 11:00

Comparative financial statements for weller corporation, a merchandising company, for the year ending december 31 appear below. the company did not issue any new common stock during the year. a total of 800,000 shares of common stock were outstanding. the interest rate on the bonds, which were sold at their face value, was 12%. the income tax rate was 40% and the dividend per share of common stock was $0.40 this year. the market value of the company's common stock at the end of the year was $18. all of the company's sales are on account. time interest earned ratio

Answers: 3

Answer

Business, 23.06.2019 11:20

Security prices are set by active market participants. which of the following is not a consequnce of this fact? a. the market price will be set by the buyer who can take best advantage of the asset. b. the price is set by the buyer willing to pay the highest price. c. superior information about an asset can increase its value by reducing its risk. d. market participants have a strong incentive to reveal private information about a security.

Answers: 3

Answer

You know the right answer?

Bud jones offered to sell kate wickham two acres of his land for $75. bud had served as a surrogate...

Questions