Will the ejectment suit prosper

Assignment Help Accounting Basics
Reference no: EM132915853

LAW ON OBLIGATIONS AND CONTRACTS

UNENFORCEABLE CONTRACTS

Rolando orally sold his farmland to Armando for P1,000,000.00. After spending all the money, Rolando filed an ejectment suit (lawsuit) against Armando to recover the land. Will the ejectment suit prosper? Why or why not?

Andy loaned P20,000.00 from Benny. Terrence orally promised to assume the obligation of Andy. What is the status of the contract?

Reference no: EM132915853

Questions Cloud

Record journal entries for the transactions : Common shares, 100,000 shares authorized, 50,000 issued $1,200,000. Record journal entries for the transactions
What will be its break-even : Problem - North Company sells a single product. If the company's fixed expenses total $120,000 per year, then what will be its break-even
What is the actual CVP equation : There are so many equations when it comes to the Cost-Volume-Profit and they confuse me just starting out. What is the actual CVP equation
How much are the cost of acquisitions of building : How much are the cost of acquisitions of building and (2) depreciation expense recognized in 20x2
Will the ejectment suit prosper : After spending all the money, Rolando filed an ejectment suit (lawsuit) against Armando to recover the land. Will the ejectment suit prosper
What is the journal entry to record the excess of cost : The investee reported net income of P4,000,000 and paid P1,000,000 dividends during 2020. What is the journal entry to record the excess of cost
Describe the purpose of the tax practitioners board : Describe the purpose of the Tax Practitioners Board (TPB) and list three (3) ways you can ensure you comply with the TPB registration requirements
What is the amount of interest expense to be recognized : The interest rate implicit in the lease was 9% per annum. What is the amount of interest expense to be recognized for the year ended 31 December 2021
Differences between budgeted income and expenses : Explain the significance differences between budgeted income and expenses as opposed to budgeted cash flows.

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