What is the the sale for andrew

Assignment Help Accounting Basics
Reference no: EM132785267

Problem 1: Andrew found a stone in his yard and took it to Brad, a jeweler, for evaluation. Although Brad knew what the stone was, he told Andrew that he wasn't sure as to the nature of the stone, but that he thought it was a saphire. Brad then offered to buy the stone for $50 and Andrew agreed. Later Andrew found out the stone was an uncut blue diamond worth about $10,000. The sale:

a. can be voided based upon mistake as to the identity of the subject matter.

b.was a valid contract that should be enforced by the law.

c. can be voided based upon fraud in the inducement.

d. can be voided based upon fraud in the execution.

Reference no: EM132785267

Questions Cloud

Which if the buyer sues for breach of contract : Which if the buyer sues for breach of contract? A contract was made for 125 bales of cotton to arrive on a ship named "Peerless" from Bombay.
Calculate the return on assets : A company reported net sales of $1,564,000, liabilities of $465,000, and equity of $653,000. If the profit margin on sales is 5.6%, calculate the return on asse
Identify the historical incident or development : Think of at least one historical incident or development that is interrelated with your personal and/or family story. Identify that historical incident.
Which of the requires consideration in order to be binding : Which of the requires consideration in order to be binding upon the parties? A written promise by a merchant to keep an offer to buy goods open for 14 days
What is the the sale for andrew : Brad then offered to buy the stone for $50 and Andrew agreed. Later Andrew found out the stone was an uncut blue diamond worth about $10,000. The sale
Explain risky portfolio and the risk-free asset : A portfolio has an expected rate of return of 10% and a standard deviation of 25%. The risk-free rate is 3.50%. An investor has the following utility function:
Optimal portfolio weight to invest in the risky asset : If the investor's coefficient of risk aversion constant A is 2.5, what is their optimal portfolio weight to invest in the risky asset?
Compute for the total interest income to be recognized : Compute for the total interest income to be recognized in 2020. Lucky company received four promissory notes from different individuals
Expected return for the non-optimal complete portfolio : Using the information from problem 4, the investor decides that the optimal weight to invest in the risky asset y* calculated in problem 4 seems too low

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd