subject
Business, 18.04.2020 00:58 erikacastro5404

Skylar, an antique dealer, intentionally represents the value of an antique chest of drawers as $6,000 when she has reason to know the value is considerably less. Margaret agrees to buy it for $5,500. It is actually worth $2,500. In a state that uses the "benefit-of-the-bargain" rule, Margaret's damage award would be:

(A) $3,500.
(B) $3,000.
(C) $500.
(D) $2,500.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 14:00
Why is efficiency an important economic goal?
Answers: 2
question
Business, 22.06.2019 14:40
Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate.the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received.c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.
Answers: 3
question
Business, 22.06.2019 19:40
Which term describes an alternative to car buying where monthly payments are paid for a specific period of time, after which the vehicle is returned to the dealership or bought? a. car financing b. car maintenance c. car leasing d. car ownership
Answers: 3
question
Business, 22.06.2019 20:00
Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation
Answers: 2
You know the right answer?
Skylar, an antique dealer, intentionally represents the value of an antique chest of drawers as $6,0...
Questions
question
Mathematics, 11.12.2020 04:50
question
Mathematics, 11.12.2020 04:50
question
Health, 11.12.2020 04:50
question
Mathematics, 11.12.2020 04:50
Questions on the website: 13722363