Janice Bishop listed her Seattle Capitol Hill home on the market on May 17. The price she is asking is $1.25 million. She directed her real estate agent to collect offers that would be considered together a week later on Sunday, May 23. On Sunday, May 23, Janice's real estate agent made an appointment to review three offers with Janice at 5 PM in her home. During that meeting, the agent discloses the offers as follows: Offer A proposes a price of $1 million; Offer B proposes a price of $1.25 million; Offer C proposes a price of $1.3 million. Besides price, there is nothing significantly different between the offers, except that Offer B includes a personal note from the offeror which shares that the offeror is a family moving from Washington DC to Seattle. The father and mother both have been offered positions at Seattle University. They were planning on renting, but after they saw Janice's home, they changed their minds because they think her house is perfect for their young family. While Janice is touched by the note, she tells her agent she wants to accept Offer C. The agent opens her laptop to pull up the offer so that Janice can sign it electronically via DocuSign, a secure signature software. Unfortunately, the wifi in Janice's house did not cooperate and rather than sign electronically, Janice manually signs the paper copy of the offer that her agent brought with her. The agent then leaves to return to her office where she will fax the offer for Offer C, signed by Janice, to the agent for Offeror C. At this point, Janice and her children go out to eat and celebrate. In the middle of dinner Janice gets a call from her agent. Apparently, the agent for offeror B reached out and wanted to know if Janice was going to accept Offer B. When he learned about the value of Offer C, the agent for Offer B increased Offer B (with the offeror's permission) to $1.35 million. Janice's agent communicates this revised Offer B information to Janice. The agent has not yet faxed the signed Offer C. Janice's agent is seeking direction from Janice about what to do now. Required:Please use the IRAC method (Issue, Rule, Analysis, Conclusion) to analyze the current status of the contractual relationship between Janice and Offerors A, B, and C (each separately).

Part two of threewhich accurately describes a cause for inflation? the federal reserve requires banks to keep more money on reserve. the federal reserve raises interest rates and slows economic activity. the government places too much money into circulation. the government places too little money into circulation. what are consequences of rapid inflation? (select all that apply.) savings accounts become less desirable because interest earned is lower than inflation individual purchasing power increases, which results in an increase in demand. individual purchasing power decreases, which results in a decrease in demand. people postpone purchasing expensive items, such as homes, until prices drop.how does the federal reserve stabilize and safeguard the nation’s economy? (select all that apply.) it distributes currency and oversees fiscal conditions. it implements american monetary policy. it regulates banks and defends consumer credit rights. it regulates and oversees the nasdaq stock exchange. what are functions of the federal reserve? (select all that apply.) it offers financial services within the government. it creates us coins. it prints us dollars. it enters us currency into circulation.how does the federal reserve bank fit into the balance of power among the three branches of the federal government established by the constitution? the chair of the federal reserve is appointed by the president and approved by the senate. the chair of the federal reserve is elected by popular vote. the chair of the federal reserve is appointed by congress and approved by the supreme court. the chair of the federal reserve is appointed in a secret meeting.who appoints the board of governors of the federal reserve system? the us president the us supreme court the us house of representatives the us senatewhy is federal oversight crucial to the operation of the federal reserve bank? the federal reserve is the nation’s central banking system. the federal reserve controls the nomination of legislators to committees. the federal reserve funds mandatory government expenditures. the federal reserve sets rules and regulations for the new york stock exchange.what is the government accountability office (gao)? an independent agency that answers to congress and audits the federal reserve an internal review agency of the federal reserve used to promote its mission a government agency that answers to congress and audits the united states mint a private agency that advises the dent about fiscal policyhow does the law of comparable advantage lead to international trade? countries that do not engage in trade are in a stronger position economically than countries that do trade. countries that cannot produce products efficiently have to trade for the goods and services that other countries have. countries that have more resources are able to trade for a wider variety of items that can be offered for sale. countries make products they can produce efficiently and are able to get the rest of what they need through trade.when might a country produce a product even though it cannot do so efficiently? (select all that apply.) to ensure national security to minimize the sale of exports to ensure a trade deficit to increase the balance of trade