On march 1, a builder entered into a contract with a buyer to build a home on land the builder owned and then transfer it to the buyer for $350,000. the builder and the buyer agreed that construction would be completed on august 1, and that escrow would close on the transaction on august 15. the contract also contained a time-is-of-the-essence clause at the insistence of the buyer, whose lease on his current home was set to expire on september 1. state law required that a home builder have an architect's certificate of completion before any residence could be conveyed to a purchaser. the builder employed his own architect to design and oversee construction of his custom homes. construction of the buyer's house was not completed until august 5. on august 8, the builder discovered that his architect had left the country without preparing the certificate of completion for the home. the builder was not able to obtain the certificate until august 20. when the builder attempted to place the deed and certificate of completion into escrow, he learned that the buyer had canceled escrow on august 16 and refused to proceed with the purchase. the builder sold the home nine months later for its then-reasonable market value of $330,000. he brings an action for damages against the buyer, seeking $20,000, the difference between the contract price and the amount he ultimately received for sale of the house. will the builder recover

Answers

Answer 1

The builder will be unable to recover because the Escrow closed before the actual home delivery date of August 20.

What is an Escrow?

An escrow is a legal arrangement between a buyer and a seller in which they agree that a third party should temporarily hold money or property until the meeting of a particular condition.

In this instance, the contract condition was that the home should be delivered on or before August 15 when the escrow closes.

Thus, since the builder was not able to deliver before the closing of the escrow, he cannot recover the $20,000, which is the difference between the contract price and the ultimate sales amount.

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Related Questions

what is the difference of communism and socialism?

Answers

Communism there is No private ownership,central government,No class Distinction, Production for basic needs.


For socialism there is limited Private owner ship, government and private entities,Limited class distinctions and production for societal needs .

A special type of project team that focuses on the verse in designing a implement a new product is a

Answers

Answer:

Product development team.

Explanation:

Product development team is special type of team which is formulated for designing a product and implement a new product. The product development team is responsible for the research of the new product and then formulae design for the product and then implement the product.

sakait has done some extra work to appease a client. now the client is asking her to do one more task, which is significant and not part of project scope. what should sakait do?

Answers

If a client is asking Sakait to do a task that is not part of the project scope, then she should approach the situation professionally. Sakait should review the client's request, and determine if the request is feasible to complete without disrupting the current project scope or affecting the project deadline.

She can also provide an estimated cost for the extra work that would have to be done. In this case, Sakait can:
1. Explain that the new request is outside the project scope, and provide a valid explanation to the client.
2. Provide the client with an estimate of the cost to complete the additional task and the timeline.
3. If the client agrees to the additional work, Sakait should ensure the details of the work are documented to avoid confusion later.

If the extra work is not feasible, and the client insists that the work be completed, Sakait should decline the request. In this case, Sakait would have to explain the reasons to the client why the extra work cannot be performed without disrupting the project schedule or causing other significant problems.

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Community colleges and vocational schools offer programs in maintenance and repair.

Answers

Answer:

yes, yes they do

Explanation:


Benjamin wants to become a biotechnologist and eventually run his own
laboratory. In order to reach his goal, what education should Benjamin plan
to get?
A) internship
B) apprenticeship
C) associate degree
D) master's degree

Answers

Answer:

what education should Benjamin plan

to get?

D) master's degree.

what do you think about women getting less salary than men?

Answers

Answer:

It's just unfair, men and women should get same amount of salary,

Salary gap is very very unfair.

Although the difference between men's and women's earnings has declined in recent years.in 2016women still received the equivalent of 76 5ok of men's earnings.. As reported by the same survey, women who work earn 24.4 less,on average.than men.

hope it helps ☺️

Sam’s reaction to this scenario is: "Madeline made the right call. Most of her friends would probably have done the same thing, and Madeline wouldn’t want to let them down by not going." Conventional, pre conventional, post conventional?

Answers

Sam's reaction reflects the conventional level of moral reasoning. At this level, an individual's moral reasoning is based on social norms and expectations of the people around them.

According to the given scenario, Sam’s reaction to Madeline's decision is, "Madeline made the right call. Most of her friends would probably have done the same thing, and Madeline wouldn’t want to let them down by not going."It is important to understand that Sam's reaction represents the conventional level of moral reasoning. It is because, at this level, an individual's moral reasoning is based on social norms and expectations of the people around them. They take the opinions of others into consideration while making a decision. In this scenario, Sam believes that Madeline's decision to go to the party was the right thing to do because most of her friends would have done the same. Also, he thinks that Madeline wouldn't want to let them down by not going. Hence, he supports Madeline's decision by giving importance to social norms and expectations.

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Which of the following is an example of a specific purpose? A. I want my employees to understand and follow the new dress code policy. B. I want to persuade my team. C. I would like ABC Company to select us as the bank to serve their employees' banking needs. D. a and c

Answers

Answer:

D. a and c

Explanation:

I hope it helps.

a firm, selling two goods, x and y, has a revenue function . what is the optimal level of that maximizes total revenue?

Answers

Should determine jointly the levels of output for the two goods and should choose the levels of output for goods X and Y at which total marginal revenue equals total marginal cost.

What is marginal revenue?Marginal profit is a financial and economic calculation that determines how much profit a company makes for each additional unit sold. Because commodity prices are often tied to market supply and demand, a company's marginal revenue often fluctuates based on the number of units it has already sold.Marginal revenue is the money a company earns for each additional sale. In other words, it determines how much money a company makes from selling another product. For example, if a baker sells an additional loaf of bread for $2, his marginal income is also $2 for him.Marginal revenue represents the total amount of money a company has made (sales multiplied by the price of a product or service), while marginal revenue is the revenue realized by selling additional units of a product or service. Refers to an increase in high.

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The median always falls between the mean and the mode.
a. True
b. False

Answers

Answer:

The mode is always less than the median, which is less than the mean, if the data distribution is skewed to the right .

X circle company purchased a computer system black box, inc. With a list price of $100,000 plus 5% sales tax. The cost to deliver and install the computer was $10,000. The debit to equipment equals.

Answers

The debit to the equipment account should equal $115,000 for X Circle Company, which recently purchased a computer system black box.

What is the recognized cost of the equipment?

The costs that should be recognized for the purchase of new equipment (or asset) include all the costs that will bring the asset into use.

These costs include the purchase cost, delivery, and installation costs.

Data and Calculations:

Computer system black box = $100,000

5% sales tax = $5,000 ($100,000 x 5%)

Delivery and Installation costs = $10,000

Total cost of computer = $115,000 ($100,000 + $5,000 + $10,000)

Thus, the debit to the equipment account should equal $115,000.

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There is no such thing as "the law" in that law comes from many different sources.

Answers

Answer:

At both the federal and state levels, the law of the United States can be traced back to the common law system of English law, which was in force in the American colonies during the time of the Revolutionary War. Since then, U.S. law has diverged greatly from its English roots both in terms of substance and procedure. The main departure occurred when the United States ratified the Constitution in 1789. In effect, the Constitution and federal statutes and laws made in furtherance of the Constitution were established as “the supreme Law of the Land.” From that point on, the law of the land was no longer based on legal practices in England but became distinctly American and home grown. When the individual states ratified their state constitutions, the state legislatures obtained the power to establish state law, or the “Law of the State.” Together, this collection of federal and state laws constitutes something we often refer to as the “body of law.” This body of law governs the behavior of individuals, businesses, and even governments. Just like the human body, the “body of law” is comprised of multiple parts, each performing an individual function while simultaneously working together as a whole. In this section, we will examine two of the most fundamental types of laws, followed by nearly every nation in the world: statutory law and common law.

which of the following is a behavioral control that can be used to safeguard against the loss of integrity?

Answers

Rotation of duties is a behavioral control that can be used to safeguard against the loss of integrity.

The correct option is Rotation of duties.

Rotation of duties is a behavioral control measure that organizations can implement to mitigate the risk of integrity breaches. It involves periodically rotating employees across different roles and responsibilities within the organization. This practice helps to prevent individuals from becoming too comfortable or complacent in a specific position, reducing the likelihood of fraudulent or unethical behavior.

By regularly rotating employees, organizations can create a system of checks and balances where different individuals are involved in various stages of a process. This reduces the risk of collusion and unauthorized actions by ensuring that no single individual has complete control or knowledge of critical functions. Rotation of duties also allows for fresh perspectives and the cross-training of employees, which can enhance their skills and provide a broader understanding of the organization's operations.

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The complete question is:

Which of the following is a behavioral control that can be used to safeguard against the loss of integrity?

Rotation of duties

Log analysis

Code testing

Digital signatures

A six-month $10,000 treasury bill is selling for $9,844. What is the annual yield ac-cording to the discount method? does this yield understate or overstate the true annual compound yield? Explain.

Answers

Answer:

According to the given information,

We also have the following:

The formula for calculating the annual yield using the discount method is:

The annual yield using the discount methodis

The annualized compound yield is

explain what happens to rwacc as more debt is added to the capital structure - according to m&m proposition ii with corporate taxes? show or demonstrate why.

Answers

According to Modigliani-Miller Proposition II (M&M Proposition II) with corporate taxes, the weighted average cost of capital (WACC) decreases as more debt is added to the capital structure.

Let's demonstrate why this leads to a decrease in WACC as more debt is added:

Cost of Equity (Ke): The cost of equity represents the return required by equity investors to compensate for the risk they assume. It is typically higher than the cost of debt as equity investors have a residual claim on the firm's cash flows. According to M&M Proposition II, the cost of equity is unaffected by changes in the capital structure. Therefore, adding more debt does not directly impact the cost of equity.

Cost of Debt (Kd): The cost of debt represents the interest rate or yield that a firm needs to pay on its debt obligations. When a firm takes on additional debt, the cost of debt remains unchanged, assuming the risk profile of the firm remains the same.

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Which term best completes the outline?
?
economy
Economic freedom
Competition between businesses
Decisions motivated by profit
O A. Traditional
B. Mixed
C. Market
D. Command

Answers

Answer:

C. Market.

Explanation:

An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.

Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.

Basically, there are four (4) main types of economy and these are;

I. Mixed economy.

II. Command economy.

III. Traditional economy.

IV. Free market economy.

A free-enterprise system also referred to as capitalism or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, a free-enterprise system is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.

Simply stated, a free-enterprise system is a type of economy that is completely driven by demand and supply of goods and services.

The four (4) main elements or characteristics of a free enterprise system includes the following;

a. Profit: businesses are all out to generate revenue and profit through the sales of finished goods.

b. Economic freedom: means of production of goods and services are controlled by the people rather than the government. Thus, the producers are free to make their economic choices or decisions such as deciding on how much is to be charged on a product.

c. Private ownership of properties: the various factors of production are owned and allocated by the people. Thus, citizens have rights to the ownership and use of private property.

d. Competition: there are many buyers and sellers of homogeneous products, as well as free entry and exit in the market. Thus, consumers are free to make their economic choices or decisions such as deciding on which product to buy, which goods interest them, where to shop for goods, etc.

In conclusion, a market is characterized by the following economy;

I. Economic freedom

II. Competition between businesses

III. Decisions motivated by profit

is command

Explanation:

trust me

Pete and Mason are shopping for Cheese-its for a class activity. They needed several boxes. Which prices give the better deal.
A. $1.25 per box
B. $5.50 for 3 boxes
c. Buy 1 at regular price ($3.50) and get one at 50% off
D. $2.75 per box and a coupon for $1.00 off

Answers

Answer:

I believe A. $1.25 per box would be the best deal.

Explanation:

This is because A is $1.25 per box,

B. is about $1.83 per box (5.50/3 divided by 3/3 = about 1.83/1)

C. Would be 1 box = $3.50, and the next $1.75 (which is still not less then just $1.25 per box)

and D. would be $2.75-$1 off = $1.75

Out of all of them, A is cheapest/gives the best deal.

Not sure if all calculations are correct, but I hope this helps! :)

If a retailer purchases a can of soup for 60 cents and sells it for 99 cents, what is the markup as the percentage of cost? the percentage of selling price?

Answers

If a retailer purchases a can of soup for 60 cents and sells it for 99 cents, 65% is the markup as the percentage of cost 39.4% is the percentage of the selling price,

The selling price (SP) of a product or product is the average price at which a particular product or product is sold in a channel or marketplace. This term is used especially in retail and technical distribution. [1] In the lodging industry, it is more commonly referred to as average room rate or average per diem.

selling price allows companies to bear all the costs of their products and operating costs and make a profit. Customers compare products based on retail prices and decide how to allocate their money. Businesses rely on sales prices to determine revenue from sales and achieve business goals.

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The process of locating, identifying, and attracting capable applicants is called?
a. selection
b. recruitment
c. hiring
d. employment

Answers

Answer:

B. Recruitment.

Explanation:

I already learned this.

Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home

Answers

Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.

Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.

Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.

Hence, the correct options are "A, B & C".

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a financial crisis brought on by macroeconomic imbalances group of answer choices is usually inevitable given underlying conditions. often happens to countries with strong international positions. is often preceded by capital inflows and an increase in foreign liabilities. is usually the result of fragility in the banking sector.

Answers

A financial crisis brought on by macroeconomic imbalances "is often preceded by capital inflows and an increase in foreign liabilities" (Option c).

A financial crisis occurs when a sudden shock or a series of shocks severely disrupts the financial system, leading to a broad-based contraction in economic activity. Macro-economic imbalances that lead to a financial crisis are often characterized by large capital inflows and increases in foreign liabilities. In such a situation, the country becomes vulnerable to sudden capital outflows, which can lead to a sharp devaluation of the currency and a sharp increase in interest rates.

This can, in turn, lead to a significant deterioration in economic conditions, including rising unemployment, falling output, and rising inflation. Therefore, it is essential to monitor macro-economic imbalances to prevent financial crises from occurring.

Option c is answer.

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PLEASE HURRY!!!!!!!!!!!! I'M TIMED!!!!!!!!!!!!! Skylar is preparing a flyer to advertise a marketing campaign that her boss is organizing in the form of a bingo night. At first, Skylar struggled with the tone the flyer should take, but then she narrowed down the target market and realized that the people interested in the bingo night will most likely be the elderly population living in the retirement complex hosting the bingo night. Armed with this information, Skylar easily determined which details she should include in the flyer as well as how to format it. Which step of the writing process did Skylar MOST likely just complete?

Conceptualizing

Prewriting

Reviewing

Drafting

Answers

Answer:

prewriting

sorry I was late on this

Portionpac co-founder, marvin klein, says ethics and integrity are "common sense." klein's moral values and attitudes, which still guide the company today, relate to which set of factors in the ethical decision-making process?

Answers

The correct answer to this open question is the following.

Although the question does not provide any options, we can say that the set of factors in the ethical decision-making process are individual, collective, and social.

Ethics and integrity should be "common sense." Moral values and attitudes are so important as key behaviors by the members of the organization. If employees are not guided by these concepts, the risk is that they could deviate from the guidelines and performance expected by the management.

The leader of the company and top management are the ones who have to set the example in order for the workers to follow those steps. The leader has to set an example of the conduct expected in the organization.

HELPPPP!!!! WILLL GIVE BRAINLEST!!!


It allows you to rent a car while yours is being repaired. a. auto replacement c. personal damage liability b. comprehensive physical damage d. rental reimbursement

Answers

Answer:

I'm pretty sure the answer is d

Explanation:

Alternatively, you may pay out-of-pocket for your rental then seek reimbursement from the other insurance company once it completes its investigation.

Answer:

D

Explanation:

What is the difference between AC and DC power?

Answers

Answer:

Both AC and DC describe types of current flow in a circuit. In direct current (DC), the electric charge (current) only flows in one direction. Electric charge in alternating current (AC), on the other hand, changes direction periodically

Explanation:

debt securities may be classified as: held-to-maturity. trading. available-for-sale. all of these answer choices are correct.

Answers

Debt securities may be classified as held-to-maturity, trading, and available-for-sale. Therefore, the answer is: all of these answer choices are correct. So, correct option is D.

Held-to-maturity: These are debt securities that the company intends and has the ability to hold until their maturity date. They are recorded at amortized cost on the balance sheet, and any changes in their fair value do not impact the company's reported earnings.

Trading: Trading securities are debt securities that the company actively buys and sells for short-term profits. They are recorded at fair value on the balance sheet, and any changes in their fair value are recognized in the company's earnings.

Available-for-sale: These are debt securities that do not fall under the held-to-maturity or trading categories. They are recorded at fair value on the balance sheet, but any changes in their fair value are initially recognized in other comprehensive income (OCI) instead of earnings. The accumulated changes in fair value are later reclassified to earnings when the securities are sold or impaired.

These classifications allow companies to differentiate between debt securities based on their intended holding period and the purpose for which they are acquired. Each classification has specific accounting and reporting requirements that ensure transparency and appropriate recognition of gains or losses in the financial statements.

So, correct option is D.

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What is Anderson hoping to do as a next step and why

Answers

Answer:

To make the game into an app

Explanation:

Interestingly, William Anderson was passionate about what he was doing; this passion led Anderson to think about making his Wealth Effect Game an app.

Why? Because he realized that most people lacked basic financial skills and his goal was to to make an app that would allow teachers throughout the country teach their students financial literacy effectively.

What is true about expense ratios for fees charged to manage mutual fund accounts?

Answers

Answer:

A lower percentage ratio indicates more money has been invested to make money for the customer

Explanation:

Felicity earns $39.990 per year in take-home pay. What is the most money a
housing expert would advise her to spend on a monthly mortgage payment?

A. $987.24
B. $3990.00
C. $833.13
D. $666.50

Answers

Answer:

C. $833.13

Explanation:

Home experts advocate for the 28/36 rule. As per this rule, total household expenditure on debts,  including mortgages, should not exceed 36 % of monthly gross income. Monthly spending on mortgages should not exceed 28% of monthly income.

Felicity annual income = $39,990

Monthly income = $39,990/12

monthly income =$3,332.50

The maximum amount to be spent on mortgages

= 28% of $3,332.50

=28/100 x 3,332.50

=$933.1

Felicity should not spend more than $933.1 on the mortgage alone

From the options provided, $833.13 should be the recommended amount

b) The company has found a new national chain retailer who will pay more money for more cans of paint, compared to its current small business retailers. This new retailer will increase the company's profits. How can the company make this switch to the new retailer ethically? (2 points)

Answers

Direct-to-consumer (DTC) marketing refers to the practice of a company selling its own goods directly to consumers.

What is direct-to-consumer (DTC)?When a company sells its own goods directly to consumers, this is known as direct-to-consumer (DTC) marketing. Without the assistance of other merchants or distributors, DTC retail involves direct-to-consumer sales of goods.

The DTC retail model is explained by:

DTC brands control the quantity of their supply. It is the brand's responsibility to sort, package, and ship the merchandise when customers submit purchases.not being required to use other sources or delivery services for the goods.Direct-to-consumer (DTC) brands are in charge of the fulfilment process and have direct customer communication.Due to the increased accessibility of companies to consumers, the DTC retail model is becoming more and more popular. Direct to consumer (DTC) brands have direct customer interactions that improve connections. Going DTC helps brands understand their customers' demographics and motivations better.DTC streamlines the client experience by removing numerous steps from the purchasing process. In fact, within the last three months, 66% of internet customers made direct purchases from brands.US DTC ecommerce sales are expected to reach $151.2 billion in 2022, up 16.9% from 2021, according to eMarketer's prediction.

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A strength of this type of economy is its ability to rapidly change in a short period of time a Traditionalb Commandc Market Two kinds of character characteristics The principle of bio-cultural evolution cannot apply to the following species except fora. afarensisb. habilisc. boseid: ramiduse. proconcul 7) What is the efficiency if a source of activity ( 10 Curie) was placed on a detector and counted 1000 counts in 5 minutes. Assume that source was purchased on 10/5/2022-meaning that no need for decay correction. Show your work, if you just give final answer your credit is zero points If you lived in Los Angeles, California, what region would you be a part of?A. The greater San Francisco areaB.The Eastern HemisphereC.South AmericaD.The West Coast of the United StatesPLEASE HELP ME !!! a(n) organizational structure is the hierarchy most people think of when picturing an organizational chart. higher expected incomes and greater wealth are associated with self-employment primarily because a. persons who are self-employed can pay themselves higher salaries. b. self-employment involves greater risk and therefore the market rewards are higher. c. employers generally do not pay their employees enough for their services. d. Directions: Use the word bank to fit in the gaps in the passage below, Write your answers on a separate sheet of paper.Geothermal energyvolcanoenergyPacific Ring of Firelaw of conservation of energyPHIVOLCSGeothermal fieldskinetic energyTurbine generator SecondSubject Is ScienceGood Perfect Complete=BrainlistCopy Wrong Incomplete=ReportGood Luck Answer Brainly Users:-) About 10 percent of cases of cerebral palsy are the result of __________ during labor and delivery.A)an inadequate oxygen supplyB)anestheticsC)epidural analgesiaD)medical interventions Please help meeeeeeereerreee Kurtosis measures peakedness, when the distribution is more peaked than normal and has fatter tails is called O Mesokurtic O Leptokurtic O Platykurtic None of the above a log burns to ashes in a fireplace what kind of change is this The distribution (or scattering) of IQ scores approximates a bell-shaped curve, also called a/an _______. Evaluate the function over the domain (-2, 0, 2). As the values of the domain increase, do the values of the range increase or decrease?y=2.7xWhen x = -2, y = 0(Type an integer or decimal rounded to the nearest hundredth as needed.)When x = 0, y =(Type an integer or decimal rounded to the nearest hundredth as needed.)When x=2, y =(Type an integer or decimal rounded to the nearest hundredth as needed.)As the values of the domain increase, the values of the range increase (a) Company checks are prenumbered. (b) The bank statement is reconciled monthly by an internal auditor. (c) Blank checks are stored in a safe in the treasurer's office. (d) Only the treasurer or assistant treasurer may sign checks. (e) Check-signers are not allowed to record cash disbursement transactions. which three best practices can help a project manager approach change management on their projects? 1 point practice empathy. communicate about upcoming changes. only incorporate change management strategies during the closing phase of the project life cycle. use tools to help implement a change. What are limiting and excess reactants answer? Use the maps to answer the question.According to the maps, where did humans migrate after reaching southeast Asia? West toward India West toward Europe South toward Australia South toward Africa What are the benefits of being a lobbyist?. Which of these phrases is an example of loaded language? A Wild animals are not pets. B in 13 others [states] the laws are lax C lobbied for years for stronger laws D then we need to ban kids