This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A __________ is a completed sale with an option for the buyer to return the goods. A) conditional ... (Read 82 times)

pepyto

  • Hero Member
  • *****
  • Posts: 547
on: Jun 24, 2018
A __________ is a completed sale with an option for the buyer to return the goods.
 A) conditional sale
 B) contingency sale
 C) sale or return
 D) sale on approval

Question 2

David and Veronica Allen bought land in Independence, Missouri, during 1994 for 22,000. In January 1998, they listed it for sale with a broker, Chuck Zuvers, asking 88,000. The property remained on the market until May 1999, when Thomas C. Scott contracted to buy it for 90,000. Scott signed the sales contract as Thomas C. Scott, or assigns because he was organizing Scott, Hewitt & Mize as a limited liability company and wanted the land deeded to the firm. At closing, and following Scott's instruction, the Allens deeded the property to Scott, Hewitt & Mize, LLC. Although Scott and his partners had filed articles of organization for Scott, Hewitt & Mize with the Secretary of State before closing, the Secretary of State rejected the articles because of errors contained in them. Scott corrected the errors, and the Secretary of State issued a certificate of organization to Scott, Hewitt & Mize nine days after closing. The contract between the Allens and Thomas C. Scott:
 A)Is invalid because the LLC was not formed.
 B)Is valid because the contract is with Thomas C. Scott or assigns.
 C)Is invalid because Thomas C. Scott cannot assign a personal right such as this to another party.
 D)Is voidable by the Allens.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

courtney_bruh

  • Sr. Member
  • ****
  • Posts: 308
Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

B


pepyto

  • Hero Member
  • *****
  • Posts: 547
Reply #2 on: Jun 24, 2018
Thank you


courtney_bruh

  • Sr. Member
  • ****
  • Posts: 308
Reply #3 on: Jun 24, 2018
No problemo


« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Conditional Instability Conditional Instability
Mobilize neck in wavelike motion. Return the head to a neutral position facing upward. Apply ... Mobilize neck in wavelike motion. Return the head to a neutral position facing upward. Apply ...
Return to the icehouse Return to the icehouse
The Cre-Lox system for creating conditional knockouts The Cre-Lox system for creating conditional knockouts
Video: Renal Failure

For a complete list of videos, visit our video library