answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Irina18 [472]
2 years ago
10

Licensee Gary advises Buyer Tim that a property Tim is interested in is zoned for commercial use. In fact, Gary does not know wh

at zoning applies to the property. Tim put in a purchase contract on the property and later finds out that the zoning in place actually would prevent him from using the property as he intends. Which statement is TRUE?
Business
1 answer:
nadezda [96]2 years ago
3 0

Answer:

Gary committed misrepresentation.

Explanation:

Misrepresentation refers to making a false statement in order to induce a buyer (or even a seller) to enter or exit a contract. If the buyer can prove that the real estate agent lied and that they entered a contact based on that lie, then he/she can sue the real estate agent for any damages incurred. The misrepresentation (the lie) must be both false and fraudulent, which means that it was made in order to induce another party into entering or exiting a contract.

In this case, even though Gary did not know what zoning regulations applied to this property, he made a false statement on purpose in order to convince Tim of buying the property.

You might be interested in
What allows consumers to receive goods and services in a non-price rationing system?
Tatiana [17]
Non-price rationing system is commonly done by queuing (to resolve rationing problems brought by price ceilings) and by coupons (to restore buyer equilibrium). Favored customers who received special treatment from dealers when there is an excess demand, which means: owners giving goods and services to their friends, is another non-price rationing mechanism. I hope that this is the answer that you were looking for and it has helped you.
6 0
2 years ago
After analyzing the data on cab services in Lucitona, the Transport Authority of Lucitona discovered that there was an 85 percen
Naily [24]

Answer:

A) affinity pattern

Explanation:

Affinity patterns show associations that occur among objects in the real world. These objects that show affinity patterns or association patterns are not complementary to each other and sometimes may not even be related to each other.

In this case, the fact that it is raining is probably what causes the 85% in cab service usage. If we analyze them separately, cab service and rain have nothing to do with each other, but when it rains more cabs are used.

6 0
2 years ago
The following information has been obtained from the Massena Corporation: 100,000 shares of common stock were outstanding on Jan
aivan3 [116]

Answer:

247,500

Explanation:

The calculation showing the weighted average number of shares to be used in the calculation of the of the basic earning per share for 2018 is shown below:

= [(100,000 * \frac{12}{12}) + (30,000 * \frac{10}{12})] * 2 Stock splits - 10,000 * \frac{3}{12}

= 250,000 - 2,500\\= 247,500

3 0
2 years ago
What are other ethical concerns that Stilton may be facing?
Agata [3.3K]

Complete Question:

James Stilton is the chief executive officer (CEO) of RightLiving, Inc., a company that buys life insurance policies at a discount from terminally ill persons and sells the policies to investors. RightLiving pays the terminally ill patients a percentage of the future death benefit (usually 65%) and then sells the policies to investors for 85% of the value of the future benefit. The patients receive the cash to use for medical and other expenses, and the investors are "guaranteed" a positive return on their investment. The difference between the purchase and sale prices is RightLiving's profit.

Stilton is aware that some sick patients may obtain insurance policies through fraud (by not revealing their illness on the insurance application). An insurance company that discovers such fraud will cancel the policy and refuse to pay. Stilton believes that most of the policies he has purchased are legitimate, but he knows that some are probably not.

Requirement:

What are other ethical concerns that Stilton may be facing?

Answer with Explanation:

The ethical concerns of Stilton are as under:

  • Should he tell the investors about the fraud about the policies before making sales?
  • What policies must be implemented so that the legitimate people can easily sell the policies and if not implemented it would not be fair for the RightLiving, Inc.
  • Stilton will also be facing ethical concerns because the business wishes that the customer dies early so that they can benefit from increased deaths of policy holders.
5 0
2 years ago
What is one reason that could explain why some unethical behavior goes<br> unreported?
Vikki [24]

Answer:

Well some people may be threatened by the person who is engaging in unethical behavior or some are just timid and keep to themselves, and just tolerate the unethical behavior, in order to not create conflict or not make enemies within the workplace. But either way we should always report unethical behaviors if we witness it, because if you do not take action it can create an atmosphere where misconduct spreads like wildfire.

8 0
2 years ago
Other questions:
  • Conduct an Internet search to locate two public companies within the same industry. Make sure that you can access the entire set
    14·1 answer
  • jerome needs to track what materials the business has in shock and compare current amounts with the amounts at the beginning of
    13·1 answer
  • It costs Cool Clothes Company $15 to produce one pair of jeans, but they needed to discontinue production of shirts to focus on
    13·2 answers
  • During the Financial Crisis of 2007-2008, Goldman Sachs, Morgan Stanley, and other financial firms with heavy exposure to the mo
    12·1 answer
  • Business Designs utilizes a structure that includes functional divisions, such as accounting and production, and a divisional ch
    9·2 answers
  • On March 1, 2018, Shipley Resources entered into an agreement with the state of Alaska to obtain the rights to operate a mineral
    13·1 answer
  • MaryJane’s Bakery manufactures and sells a variety of baked goods. The selling price per dozen of chocolate glazed dunuts is $8.
    6·1 answer
  • You decide to quit your $60,000-per-year job as an information technology specialist and illustrate children's books. At the end
    13·1 answer
  • Juanita has a part-time job that pays 12 hour and works about 50 hours every month her withholding are social security 6.2 %medi
    7·1 answer
  • Smyth Industries operated as a monopolist for the past several years, earning annual profits amounting to $50 million, which it
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!