Grano owns a forty-room motel on Highway 100. Tanner is interested in purchasing the motel. During the course of negotiations, Grano tells Tanner that the motel netted $30,000 last year and that it will net at least $45,000 next year. The motel books, which Grano turns over to Tanner before the purchase, clearly show that Grano’s motel netted only $15,000 last year. Also, Grano fails to tell Tanner that a bypass to Highway 100 is being planned that will redirect most traffic away from the front of the motel. Tanner purchases the motel. During the first year under Tanner’s operation, the motel nets only $18,000. At this time, Tanner learns of the previous low profitability of the motel and the planned bypass. Tanner wants his money back from Grano.



Will Tanner be able to get his money back from Grano? Why or why not? As a part of your response, provide support based on contract law and ethics.

Answers

Answer 1

Based on the misrepresentation and failure to disclose material information, Tanner may have grounds to seek a refund from Grano under contract law. Additionally, Grano's actions raise ethical concerns, further supporting Tanner's claim for restitution.

Tanner may have a legal basis to seek a refund from Grano based on contract law and ethical considerations. Let's examine the situation in detail:

1. Misrepresentation: Grano provided false information to Tanner during the negotiation process by stating that the motel netted $30,000 last year and would net at least $45,000 next year. However, the motel books revealed that the actual net profit was only $15,000. This constitutes a misrepresentation of the motel's financial performance, which can be considered a breach of contract.

2. Failure to disclose material information: Grano also failed to disclose the planned bypass that would redirect most traffic away from the motel. This information is considered material and relevant to Tanner's decision to purchase the motel. Grano's failure to disclose this information may be seen as a violation of his duty to disclose important facts that could impact the value or profitability of the motel.

3. Contractual remedies: Tanner can argue that Grano's misrepresentation and failure to disclose material information constitute a breach of contract. As a result, Tanner may be entitled to remedies such as rescission (cancellation of the contract) or damages (compensation for losses incurred).

4. Ethical considerations: Beyond the legal aspects, Grano's actions raise ethical concerns. Providing false information and withholding material facts can be seen as unethical and dishonest behavior. Tanner relied on Grano's representations and suffered financial losses as a result. From an ethical standpoint, Grano should be held accountable for his misleading actions.

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Related Questions

Can ah budget include donations to charities

Answers

Answer:

A common rule of thumb for budgeting for charitable donations uses the concept of the 50/30/20 split for your budget. The other portion is for your wants: About 30 percent of your budget goes into this category, which might include vacations, gifts, or date nights.

T F Credit reports are issued monthly, so you know how much money topay toward your credit card bill.

Answers

Answer:

False

Explanation:

A financial statement can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

Generally, financial statements are issued to recipients on a monthly basis.

A credit report can be defined as a financial document that comprises of detailed information about a person's credit history or activities with respect to borrowed money (loans). It is usually prepared by a credit bureau.

A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.

This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender.

In conclusion, credit reports are issued to a customer on request and at any given time, so he or she knows how much money to pay toward your credit card bill.

which of the following statements about porter's competitive forces model is not true? select one: a. in a free economy, there are very low barriers to entry in all industries. b. porter's competitive forces model is the most widely used model for understanding competitive advantage. c. porter's model focuses on a firm's general business environment. d. the power of customers grows if they can easily switch to a competitor's products and services. e. the more substitute products and services in an industry, the less a firm can control pricing and the lower the firm's profit margins.

Answers

The statement that is not true about Porter's competitive forces model is: a. in a free economy, there are very low barriers to entry in all industries.

Porter's competitive forces model is widely used to analyze a firm's industry environment and determine the competitive intensity within it. The model identifies five competitive forces that impact an industry's profitability: the threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and competitive rivalry among existing firms.

Porter's model recognizes that barriers to entry can exist in any industry, making it more difficult for new competitors to enter the market. Barriers to entry can include factors such as high capital requirements, government regulations, economies of scale, and brand loyalty.

The model also emphasizes the importance of understanding customer preferences and the potential for substitute products or services to impact a firm's profitability. In addition, it recognizes that a firm's suppliers and buyers can exert bargaining power, affecting the prices of goods and services. Finally, the model highlights the intensity of competition among existing firms as a critical factor in determining profitability within an industry.

Overall, the Porter's competitive forces model provides a useful framework for understanding a firm's industry environment and developing strategies to improve its competitive position.

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when borrowing funds to build a large apartment complex, the builder would obtain interim financing rather than other type of loan because

Answers

When businesses need money to cover expenses while they wait for long-term financing, they turn to bridge loans.

What is a temporary loan?

Concerning Interim LoansThe Trust offers borrowers short-term, interest-free interim loans for construction projects.These loans are intended to bridge the gap between the time when the loan is repaid and the time when the project is approved by MassDEP and permanent financing.

What is financing via takeout?

A type of financing known as a "takeout loan" entails replacing the initial loan with one obtained later. To be more specific, a takeout loan, also known as takeout financing, is long-term financing that the lender promises to provide at a predetermined date or when particular requirements for project completion are satisfied.

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4 p 5 o2 --> 2 p2o5 when 22.4 moles of o2 react in a container, 5.6 moles of p2o5 are recovered. what is the percent yield of this reaction?

Answers

The percent yield of the reaction, where 22.4 moles of \(O_2\) produce 5.6 moles of\(P_2O_5\), is calculated as 62.5%.

To determine the percent yield of the reaction, we need to compare the actual yield (5.6 moles of \(P_2O_5\)) to the theoretical yield (the amount of \(P_2O_5\) that would be produced if the reaction went to completion). The balanced chemical equation for the reaction is:

4P + 5\(O_2\) → 2\(P_2O_5\)

From the balanced equation, we can see that the molar ratio between \(O_2\) and \(P_2O_5\) is 5:2. This means that for every 5 moles of \(O_2\), we should theoretically obtain 2 moles of \(P_2O_5\).

Given that 22.4 moles of O2 were used in the reaction, we can calculate the theoretical yield of \(P_2O_5\) as follows:

(2 moles P2O5 / 5 moles O2) × 22.4 moles O2 = 8.96 moles P2O5

Now, we can calculate the percent yield using the formula:

Percent Yield = (Actual Yield / Theoretical Yield) × 100

Percent Yield = (5.6 moles \(P_2O_5\) / 8.96 moles \(P_2O_5\)  ) × 100 = 62.5%

Therefore, the percent yield of this reaction is 62.5%.

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Note this question belongs to the subject Chemistry.

Roberto went to a grocery store to buy his favorite brand of soft drink; however, the store was temporarily out of that brand, so he looked over the other familiar brands and decided to try one that is well-advertised. This case illustrates:

Answers

This case illustrates the concept of brand switching or brand substitution. When Roberto's favorite brand of soft drink was unavailable, he decided to try another familiar brand that he was aware of due to its strong advertising.

Brand switching occurs when consumers choose an alternative brand when their preferred brand is not available or when they are open to trying different options. In this case, Roberto's decision to try a well-advertised brand showcases how advertising can influence consumer behavior and prompt them to explore and choose different brands in the absence of their preferred choice.

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You are considering paying $700 per year for a health plan that pays 70% of the first $1,000 of medical costs and 100% of any additional costs over that. If your total medical expenses for the year are $900, is it worth it for you to get the plan?.

Answers

Based on the cost of the health plan and the total medical expenses for the year, it is not worth it for you to get the plan.

Is it worth it to get the plan?

In order to determine if it is worth it to get the plan, compare the cost of the health plan to your medical expenses for the year. If your medical expenses for the year is less than the cost, then the plan is worth it.

Medical expense covred by plan is zero since your medical expense is less than $100. Thus the plan is too expensive.

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Should spreadsheets be used to maintain a checkbook?.

Answers

The above statement is correct because it maintains all the data collected and permits seeing the movement and growth of the data by automatically creating different types of charts to visualize the data.

What are spreadsheets?

A spreadsheet is defined as an electronic record in which data is placed in the rows and columns of a facility and can be exploited and abused in arithmetic or calculations.

The above statement is correct that the spreadsheets be used to maintain a checkbook because it keeps the data organized and allows seeing the trends of the data by creating automatically the different types of the data.

Therefore, the above statement is true.

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When a firm evaluates how other companies react to the firm’s marketing activities, it is attempting to understand what aspect of the immediate environment?.

Answers

Answer:

It depends

Explanation:

It depends on if the companies are part of suppliers, competitors, marketing intermediaries, customers and publics. If they are then yes. But in general I would agree.

Which part of the business plan identifies plans for pricing policies?
a.Self-analysis
b.Trading area analysis
c,Proposed marketing plan
d.Product description

Answers

The company plan's proposed marketing section outlines strategies for pricing policies.

What do you mean by business?

A person is conducting business when they create goods or offer services with the goal of making a profit. Business Definition. A business is a creative organisation or team that partakes in professional activities. They might be commercial, industrial, or something else else.

What is the nature of business?

According to the nature of business, a company's goal is to answer the demands of its market's clients by offering services and goods. It relates to the market segment in which the business operates and the fundamental characteristics of the business.

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question 3 answer!!!

question 3 answer!!!

Answers

Answer:

A

Explanation:

I mean its stating the 4Ps of the marketing mix

I need help with all those questions

I need help with all those questions

Answers

I can’t read that try typing them all out:)

find the apr, or stated rate, in each of the following cases: a. an effective interest of 17% compounded semiannually b. an effective interest of 8% compounded monthly

Answers

For case a, the APR or stated rate is 16.14% and for case b, the APR or stated rate is 8.33%.

a.This can be calculated by taking the compound interest formula,

A=P(1+r/n)nt,

where A is the total amount,

P is the principal amount,

r is the annual interest rate,

n is the number of times compounded per year, and

t is the number of years, and solving for r.

Substituting the values in the formula, we get

Thus, APR equals (17/2)2 = 16.14%.

b. This can be calculated by taking the compound interest formula,  

A=P(1+r/n)nt,

where A is the total amount,

P is the principal amount,

r is the annual interest rate,

n is the number of times compounded per year, and t is the number of years, and solving for r.

Substituting the values in the formula, we get

Thus, APR equals (8/12)12 = 8.33%.

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Team players are sought-after employees
True
False

Answers

Answer:

true,

Explanation:

Working conditions in the United States in the early 1900’s can best be described as _____.
a. Beneficial
b. Atrocious
c. Rewarding
d. Simple

Answers

Answer:

b. Atrocious

Explanation:

many injuries and low wage

Answer:

its b yall

Explanation:

How do I verify my LPC in Texas?

Answers

Visit the website at www.bhec.texas.gov/verify-a-license/index.html.

To search by license number, click the link.

To check the status of my license, which is in good standing and active status, enter my license number (36337) and click Search.

How can I find out whether my Texas LPC has been approved?

You can check the status of any applications you've begun or finished in the past. By selecting the "Select" button from the Main Menu next to "Check Status of Your Applications. You can check your applications' status, the type of license they were submitted for, when they were submitted, and more here.

How frequently must you renew your Texas LPC license?

A license holder must renew their license(s) every two years. Licensees are sent a postcard reminder at least 30 days before their renewal date to inform them that they need to renew their license.

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tell me a story that has happened to you who evers is best i’ll give you point or whatever

Answers

Explanation:

Soo- one time i was in mexico, snorkeling :D

and my dad surprised me with something i didn't expect. a banana. at first i was verrrrrry annoyed, i thought i would've gotten some new gear or stuff. out of nowhere, he takes the bananas out of his pocket and pushes me and my siblings in the water. he chucks a banana at me and i get salt in my eyes, screaming in pain because i hadn't put my goggles on. we swam out to sea, the banana absorbing the salt water. then- the last thing i would expect happened. A SEA TURTLE SNAPPED IT OUT OF MY HANDS LOL

i hope u enjoyed my story :D

On January 1, 2020, Green Bay Enterprises issued 10%, 10-year bonds with a face amount of $2,000,000 at 108. Interest is payable annually on January 1. The entry when the bond was issued would include a

Answers

Answer:

1.credit to premium on bonds payable for $160,000

Explanation:

The journal entry to record the issuance of the bond is given below:

Cash     $2,160,000  ($2,000,000 × 108% )

            To Premium on Bonds Payable $160,000 ($2,160,000 - $2,000,000)

              To Bonds Payable $2,000,000

(Being the issuance of the bond is recorded)

Here the cash is debited as it increased the assets and credited the bond payable & premium on bond payable is credited as it increased the liabilities


Conduct thorough research on the following questions and provide a concise response:
(a) Why is teamwork important in business?

(b) How can employers help facilitate successful teamwork?

Answers

A. Businesses prosper when they have a diverse team of individuals who can add unique perspectives. Problems are easier to solve when people work together. Collaboration within a community will aid in the resolution of difficult issues. Brainstorming is an excellent way for the team to share ideas and come up with innovative solutions.
B. People should be rewarded for collaborating and contributing. Let them know how much you appreciate their thoughts and efforts. Employees would be more engaged, inspired, and invested in the organization's success if they are active in every step of decision-making.

following data:
Fixed overheads: £40,000
Selling price: £6
Variable cost per unit: £4
If the selling price is increased by 50% then the break-even level would
now be: *
(1 Point)
8,000 units
20.000 units
O 10,000 units
0 12500 units​

Answers

Answer:

If the selling price is increased by 50% then the break-even level would now be 8,000 units.

Explanation:

The following are given in the question:

Fixed overheads = £40,000

Initial selling price = $6

Variable cost per unit = £4

Percentage increase in selling price = 50%

Therefore, we have:

New selling price = Initial selling price * (100% + Percentage increase in selling price) = £6 * (100% + 50%) = £9

New contribution margin per unit = New selling price - Variable cost per unit = £9 - £4 = £5

New break-even level = Fixed overheads / New contribution margin per unit = £40,000 / £5 = 8,000 units

Therefore, if the selling price is increased by 50% then the break-even level would now be 8,000 units.

kevin purchasing concert tickets with his debit card is an example of the ________ function of money.

Answers

Kevin purchasing concert tickets with his debit card is an example of the medium of exchange function of money.

Money allows goods and services to be exchanged between buyers and sellers without the need for bartering. When money is used as the medium of exchange, it serves as a universal means of payment, accepted by both parties involved in the transaction. The money acts as an intermediary, allowing for goods and services to be bought and sold without the need for physical goods or services to change hands. This eliminates the need for bartering and allows for goods and services to be traded without having to physically exchange them. The use of money as a medium of exchange also reduces transaction costs, as the cost of the goods and services purchased is less than it would be without money. In Kevin's case, he used his debit card to purchase concert tickets, rather than bartering or exchanging goods and services for the tickets. This is an example of how money acts as a medium of exchange, allowing for goods and services to be bought and sold without the need for bartering.

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factorise the following3x^2-18 +24​

Answers

Answer:

it's 3(x^2-2) bcoz -18-24= -6 and 3 is divisible into 6 twice

Eloise, the director of Human Resources at her organization

Answers

Since Eloise is working to determine its human resource needs for the next five years, her first course of action is: assessing the future labor supply.

What is Human resources management?

Human resources management (HRM) can be defined as an art that involves effectively and efficiently managing, controlling and improving the functions, number of employees or workers, activities that are being used by an organization.

This ultimately implies that, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization because they are the most important asset of any organization.

In conclusion, Eloise's first course of action is assessing the future labor supply for her organization.

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Complete Question:

Eloise, the director of human resources at her organization, is working to determine its human resource needs for the next five years. Eloise's first course of action is?

Planning , using a five step process.

Rebecca wants to buy a new saddle for her horse. The one she wants usually costs $600, but this week it is on sale for $490. She does not have $490, but she could buy it with $60 down and pay the rest in 6 months with 9 percent interest. Does Rebecca save any money buying the saddle this way? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Answers

Answer:

high quality and the other one is a little more than I can say is that I was just wondering if you were still going to be able to make it to the store and get some rest and feel better soon and that is why I am asking for a friend to talk to you about it when I get home


Which of the following is not an example of professional behavior
?

Answers

What are the answers?

what's the present value, when interest rates are 8 percent, of a $100 payment made every year forever?

Answers

The present value of a $100 payment made every year forever when interest rates are 8 percent is $1,250.

The present value, when interest rates are 8 percent, of a $100 payment made every year forever can be calculated using the formula: P = A/r where, P is the present value A is the annual payment, r is the interest rate.

Interest rates refer to the percentage charged or earned on a loan, investment, or financial transaction. It represents the cost of borrowing or the return on investment.

In the context of borrowing, interest rates are the percentage that a lender charges a borrower for the use of their funds. It is typically expressed as an annual percentage rate (APR).So, when A is $100 and r is 8%, the present value can be found as: P = A/r = $100/0.08 = $1,250.

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Communicating with people you know or meet to share information or advice about a job defines
a contact list
b. job leads
C. networking
d career fair

Communicating with people you know or meet to share information or advice about a job definesa contact

Answers

Answer:

C

Explanation:

Answer:

c

Explanation:

Suppose oranges and clementines are considered to be substitutes. holding everything else constant, if the price of oranges increases, then the:__________

Answers

Suppose oranges and clementines are considered to be substitutes. holding everything else constant, if the price of oranges increases, then the demand for clementines would increase.

What are substitute goods?

Substitute goods are goods that can be used in place of another good due to their similar features or taste. Substitute goods are goods that can be used to serve the same purpose for consumers. An example of substitute goods is blue pen and black pen.

If the price of a good increases, the demand for the substitute increases and if the price of the good reduces, the demand for the substitute increases.

When the price of oranges increases, the quantity demanded of oranges decreases. This is due to the negative relationship between the price of a good and the quantity demanded.

When the price of oranges increases, clementine become cheaper when compared to oranges. Thus, the demand for clementine would increase. This would lead to a shift to the right of the demand curve for clementine  to the right.

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Which of the following behaviors demonstrates the primary business activity of strategic management:
- recruiting appropriate employees
- obtaining funds for business projects
- planning and organizing for the future
- regularly updating business processes

Answers

The primary business activity of strategic management is planning and organizing for the future.

Strategic management refers to the process of formulating and implementing strategies and plans that enable an organization to achieve its objectives and goals. It involves analyzing the organization's strengths and weaknesses, identifying opportunities and threats in the external environment, and developing strategies to capitalize on strengths and opportunities while minimizing weaknesses and threats.

Strategic management encompasses a wide range of activities, including defining the organization's mission and vision, setting goals and objectives, analyzing the internal and external environment, formulating and selecting strategies, implementing the strategies, and monitoring and evaluating the results. It is a continuous and ongoing process that involves making decisions and taking actions that are aligned with the organization's long-term goals and objectives.

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Smyth continues to cling to the old methods of cost accounting and Alex tries to explain why the old methods do not make sense while the plant is growing and changing. Alex explains why to Smyth:
Select one or more:
a. Activating and utilizing a resource are not the same thing.
b. A plant should balance the flow of product with demand, not capacity.
c. The only resources that dictate the level of profit possible are the resources with constraints in the system, ie the bottlenecks.

Answers

Alex's explanation to Smyth emphasizes the need to move away from old cost accounting methods and adopt a more flexible and efficient approach that considers resource utilization, product flow, and bottleneck management.

Here is the explanation including the terms you provided:

Alex explains to Smyth that clinging to old methods of cost accounting is not suitable for a growing and changing plant for several reasons.

Firstly, Alex highlights the difference between activating and utilizing a resource. Activating a resource means making it available for use, while utilizing a resource refers to actually using it to produce output.

Old cost accounting methods focus on maximizing resource activation, which can lead to inefficiencies and waste, as resources might not be fully utilized. In a growing and changing plant, it is crucial to focus on utilizing resources efficiently to maximize profits and adapt to the dynamic business environment.

Secondly, Alex points out that a plant should balance the flow of product with demand, not capacity. Old cost accounting methods prioritize maximizing capacity utilization, which may result in overproduction and increased inventory costs. By balancing product flow with demand, the plant can better manage its resources and reduce waste, leading to a more streamlined and cost-effective operation.

Lastly, Alex explains that the only resources that dictate the level of profit possible are the resources with constraints in the system, i.e., the bottlenecks. Old cost accounting methods may not adequately identify and manage these bottlenecks, which can hinder the plant's overall efficiency and profitability.

By recognizing and addressing these constraints, the plant can optimize its operations and focus on the most critical areas to improve its overall performance.

In conclusion, Alex's explanation to Smyth emphasizes the need to move away from old cost accounting methods and adopt a more flexible and efficient approach that considers resource utilization, product flow, and bottleneck management. By doing so, the growing and changing plant can optimize its operations and maximize profits in a dynamic business environment.

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With reference to the extract, explain the need for Total Quality Management in Managing Public Finance in South Africa Tast each of the following series for convergence by the integral Test. If the Integral Test can be applied to the series, enter CONVitit converges or DW if e diverges. If the integral tast cannot be applied to the series, enter NA Note: this means that even if you know a given series converges by sime other test, but the integral Test cannot be applied to it then you must enter NA rather than CONV) 1. nin(3n) 2 in (m) 2. 12 C nela ne Note: To get full credit, at answers must be correct. Having al but one correct is worth 50%. Two or more incorect answers gives a score of 0% 9 (ln(n)) The firm in mainstream economic theory is a black box. 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PLZ HELPMicky stood at the mailbox, her hands shaking with anticipation, nerves, and excitement, as she prepared to mail her application to one of the most prestigious universities in the nation. She had worked diligently her entire academic career to get to this point; she had taken the most rigorous courses in high school, from advanced chemistry to trigonometry, and aced each one. She was no Einstein, so she had put every ounce of energy into her studies. She had participated in as many extra-curricular activities as time allowed. Her effort had two purposes: to get into this college and to earn as much financial aid and as many scholarships as possible. 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