Duncan Properties, Inc. agrees to buy a car from Shifty for $25,000. The company issues a promissory
Question:
Duncan Properties, Inc. agrees to buy a car from Shifty for $25,000. The company issues a promissory note in payment. The car that Duncan bought is defective. If Shifty still has the note, does Duncan have to pay it?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
No because Shifty is j...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Business Law and the Legal Environment
ISBN: 978-1133587491
5th edition
Authors: Jeffrey F. Beatty, Susan S. Samuelson
Question Posted:
Students also viewed these Business questions
-
On January 1, 2017, Roper Inc. agrees to buy 3 kilos of gold at $40,000 per kilo from Golden Corp on April 1, 2017, but does not intend to take delivery of the gold. On the day that the contract was...
-
In its Year-End Countdown Sale, a local Cadillac car dealer advertised 0% interest for 60 months! What role does the time value of money play in this promotion? Assuming that the car dealer is able...
-
1. Ricki goes to a baseball game. The back of her ticket clearly reads: "Fan agrees to hold team blameless for all injuries pay attention to the game at all times for your own safety!" In the first...
-
Calculate the half life potential for Zn electrode is 0.01M Zn(NO 3 ) 2. Given that Zn 2+ + 2e= Zn E o = 0.763
-
1. Of a group of people surveyed in a political poll, 60% said that they would vote for candidate R. Of those who said that they would vote for R, 90% actually voted for R, and of those who did not...
-
Find the volume of revolution about the x-axis for the given function and interval. (x) = 4 x 2 , [0, 2]
-
Random digits. The table of random digits (Table A) was produced by a random mechanism that gives each digit probability 0.1 of being a 0. What proportion of the first 200 digits in the table are 0s?...
-
GlennCo segments its company into four distinctive divisions. The net revenues, operating profit, and total assets for these divisions are disclosed in the footnotes to GlennCos consolidated...
-
Topic I ALVILNIU Which statement about nonverbal communication is true? Select one: a. Nonverbal communication can have multiple meanings and must be interpreted with caution b. Paralanguage creates...
-
Ellipses Corp is a small business that operates in Herndon, VA. The company is located at10 Period Lane, Herndon, VA 20170. Its federal Employer Identification Number is 77-7777777, and its...
-
Chip bought an insurance policy on his house from Insurance Co. The policy covered damage from fire but explicitly excluded coverage for harm caused by or through an earthquake. When an earthquake...
-
Shifty sells that note to Honest Abe for $22,000. Does Duncan have to pay Abe?
-
What is a target market? Why is it important for a firm to choose its target market early in the process of launching its venture?
-
utilizes a project scheduling software application to develop a project schedule for a construction project.
-
Kimi is a server or restaurant and relies on tips from a customers to make a living. She doesn't really enjoy her job and frequently think about quitting because she is constantly having 2% a happy...
-
What represents revenues (Inflow) and expenses (Outflow) for a healthcare organization? Your paper should include information on sources of healthcare revenue (governmental and private payers), how...
-
case study analysis should be a thoughtful write up including: 1.a brief case analysis 2.key questions and answers from the case from your unique perspective 3.a summary and/or recommendations...
-
Explain in simple terms the concept of: "Technology Structures and Social Boundaries"
-
Express the following in interval notation. x < 100
-
AB CORPORATION ISSUED THE FOLLOWING 850 COMMON STOCKS PAR VALUE P100 750 PARTICIPATING PREFERRED STOCKS PAR VALUE P100 AT 3% AB CORPORATION DECLARED P100,000.00 DIVIDEND IN 2022.
-
Seventy-Three Land, Inc., sued Maxlar Partners for the balance due on a note made by the partnership. Max, a partner, asked the court to dismiss the claim against him personally because the plaintiff...
-
Brothers Sydney and Ashley were partners in a real estate partnership in Pennsylvania. They received identical salaries. Sydney moved to Florida to establish residency so that he could obtain a...
-
Multiply Choice 1. Which of the following is not necessary to create a partnership? (a) Execution of a written partnership agreement (b) Agreement to share ownership of the partnership (c) Intention...
-
Hite corporation intends to issue $160,000 of 5% convertible bonds with a conversion price of $40 per share. The company has 40,000 shares of common stock outstanding and expects to earn $600,000...
-
Your portfolio has a beta of 1.17, a standard deviation of 14.3 percent, and an expected return of 12.5 percent. The market return is 11.3 percent and the risk-free rate is 3.1 percent. What is the...
-
Slow Roll Drum Co. is evaluating the extension of credit to a new group of customers. Although these customers will provide $198,000 in additional credit sales, 13 percent are likely to be...
Study smarter with the SolutionInn App