Taxes assessed while gordon occupied the property as tenant

Assignment Help Operation Management

Reference no: EM131033447

Ulysses bought Whiteacre from Gordon but never recorded the deed. Gordon stayed on the property as a tenant for three (3) years. Near the end of the three (3) years, Gordon learned that Ulysses had never recorded the deed. Gordon advertised Whiteacre for sale and Cheryl negotiated with Gordon thinking that Gordon was the owner. Finally, Cheryl checked the records at the recording office and, finding no reason to question Gordon’s ownership of the property, purchased Whiteacre from Gordon. Cheryl recorded the deed and Gordon fled with the purchase money. Meanwhile, Ulysses had failed to pay the real estate taxes on Whiteacre for the three (3) years in question thinking it was the responsibility of Gordon, the tenant. Ultimately, Cheryl and Ulysses disputed over the ownership of the property. Decide the case between Cheryl and Ulysses. Also decide whether Ulysses is responsible for the three (3) years of real estate taxes assessed while Gordon occupied the property as a tenant

Reference no: EM131033447

Questions Cloud

Evaluate return on equity : Evaluate Return on Equity for PepsiCo Inc. for the last three years using the DuPont analysis. (10% of the project grade). Compare the company’s results to a major competitor (Coca-cola Company). Taking the information from the Income statements and ..

Differences between optimistic and pessimistic locking : What are the differences between optimistic and pessimistic locking? Which should be used? Support your answer, please provide the references too

Partners is one way to reduce potential problems : Having an agreement between partners is one way to reduce potential problems. The Articles of Partnership is a legal agreement between the parties. If you were to create one of these documents - what elements would it include and why?

Corporation was having difficulties formalizing a contract : All of the directors of the XYZ Corporation were present at a meeting called on a Monday evening at 9 p.m. Meetings normally were held on Friday evenings at 6 p.m. At the Monday meeting, a report was made indicating that an agent of the corporation w..

Taxes assessed while gordon occupied the property as tenant : Ulysses bought Whiteacre from Gordon but never recorded the deed. Gordon stayed on the property as a tenant for three (3) years. Near the end of the three (3) years, Gordon learned that Ulysses had never recorded the deed. Ultimately, Cheryl and Ulys..

Requiring recharge with a standard deviation : A newly designed phone battery, when fully charged, is supposed to last 48 hours with a tolerance limit of plus or minus 30 minutes under normal use. The current production process produces batteries that on average last 47.5 hours before requiring a..

Leadership and ethical principles : Leadership and ethical principles. Explain how you applied these concepts and how they have helped you in your organization. Please provide examples to support your statements

What is the projects scheduled completion time : A project to remodel a garage has the following activities. (Hint: You will need to build an AIB/AON diagram, perform a forward pass, and perform a backward pass to answer this question.) What are the critical path activities? What is the project's s..

Impact the development of your apple inc leadership agenda : Provide context by defining the shaping and driving forces that impact the development of your apple inc leadership agenda. This should include your awareness of the global impact of your company or your chosen field and its welcoming of a global div..

User Account

All Pages