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1. In the counteroffer, Englesen asked Kepple to remove from their contract a clause requiring written confirmation of the availability of a "free split" which meant that the property could be subdivided without the town's prior approval. Kepple agreed. After signing the contract, Kepple learned that the property was not entitled to a free split. Would this circumstance qualify as a mistake on which the defendant could avoid the contract? Why or why not?
2. After signing the contract, Englesen obtained a second appraisal that established the size of lot five as 3.71 acres, which meant that it could be subdivided, and valued the property at $490,000. Can the defendant avoid the contract on the basis of a mistake in the first appraisal? Explain.
Billionaire investor Warren Buffett was once quoted in the Financial Post saying: "The reaction of weak management to weak operations is often weak accounting."
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grohl co. issued 11-year bonds a year ago at a coupon rate of 11.8 percent. the bonds make semiannual payments. if the
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What is the present value of the following future amount? $487,098, to be received 15 years from now, discounted back to the present at 13.04 percent, compounded daily.
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