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Question - On September 10, Paulin offered in writing to sell his crab-fishing boat to Noel for $600 000. The plaintive Noel replied in writing on September 15 that he was applying for financing to meet Paulin's terms and conditions. Noel also added that he understood that the purchase price was actually $550 000, together with a guarantee that the defendant would employ him on land at $5000 a year for seven years. The defendant replied in writing on September 16 that he had changed his mind and refused to sell the boat. Noel then brought an action for specific performance and alleged that an enforceable contract of sale existed between the parties.
a) Did a valid offer exist between the parties? Explain.
b) Why did the plaintiff seek specific performance as a remedy?
c) Provide your own example of a case in which the plaintiff would want specific performance, not damages.
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: - Explain the goals and uses of special journals.
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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.
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CAPM and Venture Capital
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