subject
Business, 18.10.2019 22:20 cofran

Raymond barrows owned a 17-acre parcel of undeveloped land in seaford, delaware. for most of his life, mr. barrows had been an astute and successful businessman, but by the time he was 85 years old, he had been diagnosed as "very senile and confused 90 percent of the time." glenn bowen offered to buy the land. barrows had no idea of its value, so bowen had it appraised by a friend, who said it was worth $50,000. bowen drew up a contract, which barrows signed. in the contract, barrows agreed to sell the land for $45,000, of which bowen would pay $100 at the time of closing; the remaining $44,900 was due whenever bowen developed the land and sold it. there was no time limit on bowen’s right to develop the land nor any interest due on the second payment. what is the best argument against enforcing this agreement?
(a) barrows is illiterate
(b) barrows is mentally incompetent
(c) barrows is financial unstable
(d) none of the above

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 03:00
Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance
Answers: 1
question
Business, 22.06.2019 03:30
Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks
Answers: 2
question
Business, 22.06.2019 05:00
The new york stock exchange is an example of what type of stock market?
Answers: 1
question
Business, 22.06.2019 13:50
When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars
Answers: 2
You know the right answer?
Raymond barrows owned a 17-acre parcel of undeveloped land in seaford, delaware. for most of his lif...
Questions
question
Mathematics, 11.07.2019 06:30
question
Mathematics, 11.07.2019 06:30