User Account

All Pages

What type of claim can he make

Assignment Help Accounting Basics
Reference no: EM133146430

Question - Juan's new business was growing quickly to new heights, as many customers had bad neighbours that they wanted to keep away.

Juan decided to buy a new property to house his business.

Juan offered to buy a house from Renaud. The vendor told him that the house had a great large workshop that Juan could use to pre-build modules for his really tall fences. Renaud agreed to sell the house for $400,000, and the transaction closed on August 31, 2020.

Juan paid the money, took possession, and started moving his tools into the workshop. After two weeks of using the workshop, a government inspector came by and told Juan that he had received complaints that Juan was operating a business in a residential neighbourhood. The inspector gave Juan a $500 fine and told Juan that he had to stop operating his business out of the workshop immediately.

Can Juan sue Renaud? What type of claim can he make and what type of relief can he seek? What damages could he demand?

Reference no: EM133146430

Questions Cloud

Cultural experience field report : For this assignment, you will visit a cultural venue from the instructions below, talk with someone at the venue, and write a short 500-800 word report about yo
Bacterial infection and bacterial intoxication : Differentiate between bacterial infection and bacterial intoxication. Compare and contrast between bacterial and viral meningitis including treatment for each.
What is the project payback period : An investment project provides cash inflows of $840 per year for eight years. What is the project payback period if the initial cost is $3,200
Explore the key lessons learnt from leonard-barton : Leonard-Barton, D. & Kraus, W. (1985). Implementing New Technologies [Online]. Available at:
What type of claim can he make : Can Juan sue Renaud? What type of claim can he make and what type of relief can he seek? What damages could he demand
List five communication techniques : List five communication techniques you might use when supporting group activities.
Reduce spread of infections to healthcare workers : Hospitals and other healthcare settings will often implement Transmission-Based Precautions to prevent or help reduce spread of infections to healthcare workers
Explain three communication techniques workers : Explain three communication techniques workers can use to communicate appropriately with clients and colleagues. Include an example of how workers can demonstra
Locate the most recent strategic plan for amazon : Locate the most recent Strategic plan for Amazon. List the objectives for the major goals that Amazon is pursuing. List at least 3 objective goals.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Recalculate current ratio for the LIFO reserve

Calculate the company's 2017 current ratio with the numbers as reported, then recalculate after adjusting for the LIFO reserve.

  What is the reasoning that supports this treatment

The parent company's share of the fair value of the net assets of a subsidiary may exceed acquisition cost. How must this excess be treated in the preparation of the consolidated financial statements? What is the reasoning that supports this treat..

  Prepare all required adjusting journal entries

Prepare all required 2020 adjusting journal entries using the FV-NI method of accounting for temporary investments

  Calculate the Investment in West Company

West's December 31, 2018, retained earnings balance is $25 million. Calculate the Investment in West Company reported on East's December 31, 2018 balance sheet

  How do calculate dividends per share

Triple Z Inc., a developer of radiology equipment, has stock outstanding as follows: How do calculate dividends per share

  Calculate cost of goods sold

Determine the correct amounts for 2011 ending inventory, purchases, accounts payable, sales revenue, and accounts receivable.

  What annual deposit must newman make if the fund will earn

Newman Hitchcock is 38 years old today and he wishes to accumulate. What annual deposit must Newman make if the fund will earn 11% interest compounded annually?

  Record all the transactions in the month in the journal

Prepare the ledger accounts and record all the beginning balance in the related accounts. Record all the transactions in the month in the journal

  Make the payroll journal entries for January

The January Federal and State unemployment amounts were $1,200 and $500 respectively. Make the payroll journal entries for January

  What financial statement consequences comparability

provide a gaap definition of fair value and describe what is the fair value option discuss the following what do you

  What is the exact accounting error that has been made

The cost was $2,000,000 and the equipment was expected to have a useful life of 10 years. What is the exact accounting error that has been made

  How much is the note maturity value

On September 16, 2020, a note for P18,000 that bears interest at 12 percent was received by the company. How much is the note's maturity value

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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