subject
Business, 24.07.2020 21:01 krystalsanabria83

Amy owned a condominium directly above Miguel. Amy failed to take proper care of some plumbing problems, and on several occasions, Amy's plumbing leaked into Miguel's apartment and caused property damage. Both Amy and Miguel had signed a condominium association agreement providing that each tenant would pay for any damage caused; that the agreement could be enforced by the management of the association or, in a proper case, by an aggrieved owner; and that adherence to the agreement was required "for the benefit of the Association and any person acquiring or owning an interest in the property." The association itself refused to sue Amy in order to recover damages to reimburse Miguel. Therefore, Miguel sued Amy himself. Amy claimed that Miguel had no standing to sue. Which of the following is the most likely result of the dispute if the court follows Allan v. Nersesova, the case in the text involving a similar issue? A. That the agreement between Amy and the association addressed issues involving intentional wrongdoing, such as out-of-control parties, not issues involving utilities, and that Miguel, therefore, could not sue.
B. That Miguel could proceed but only if he could convince the association to join its lawsuit with his.
C. That Miguel had standing based on the association's failure to act, but that he nevertheless had no right to bring suit because he was not an intended beneficiary of the agreement between Amy and the association.
D. That Miguel was an intended beneficiary of the agreement between Amy and the association, but that he had no right to sue because he nevertheless lacked standing.
E. That Miguel was an intended beneficiary of the agreement between Amy and the association, that he had standing to sue, and that under the terms of the agreement, the association's failure to act gave him the right to proceed.

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 01:00, avablankenship
Data pertaining to the current position of forte company are as follows: cash $437,500 marketable securities 170,000 accounts and notes receivable (net) 320,000 inventories 700,000 prepaid expenses 42,000 accounts payable 240,000 notes payable (short-term) 250,000 accrued expenses 310,000 required: 1. compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. round ratios to one decimal place. 2. compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns of the table provided. consider each transaction separately and assume that only that transaction affects the data given. round to one decimal place. a. sold marketable securities at no gain or loss, 75,000. b. paid accounts payable, 135,000. c. purchased goods on account, 100,000. d. paid notes payable, 105,000. e. declared a cash dividend, 125,000. f. declared a common stock dividend on common stock, 45,000. g. borrowed cash from bank on a long-term note, 205,000. h. received cash on account, 130,000. i. issued additional shares of stock for cash, 635,000. j. paid cash for prepaid expenses, 15,000.
Answers: 3
image
Business, 22.06.2019 03:00, autumn8668
Afirm's before-tax cost of debt, rd, is the interest rate that the firm must pay on debt. because interest is tax deductible, the relevant cost of debt used to calculate a firm's wacc is the cost of debt, rd (1 – t). the cost of debt is used in calculating the wacc because we are interested in maximizing the value of the firm's stock, and the stock price depends on cash flows. it is important to emphasize that the cost of debt is the interest rate on debt, not debt because our primary concern with the cost of capital is its use in capital budgeting decisions. the rate at which the firm has borrowed in the past is because we need to know the cost of capital. for these reasons, the on outstanding debt (which reflects current market conditions) is a better measure of the cost of debt than the . the on the company's -term debt is generally used to calculate the cost of debt because more often than not, the capital is being raised to fund -term projects. quantitative problem: 5 years ago, barton industries issued 25-year noncallable, semiannual bonds with a $1,600 face value and a 8% coupon, semiannual payment ($64 payment every 6 months). the bonds currently sell for $845.87. if the firm's marginal tax rate is 40%, what is the firm's after-tax cost of debt? round your answer to 2 decimal places. do not round intermediate calcu
Answers: 3
image
Business, 22.06.2019 06:40, SkyMelvin
10. which of the following is true regarding preretirement inflation? a. defined-benefit plans provide more inflation protection than defined-contribution plans. b. because of preretirement inflation, possible investment-related growth is increased for defined-contribution plans. c. all types of benefits are designed to cope with preretirement inflation. d. preretirement inflation is generally reflected in the increase in an employee's compensation level over a working career.
Answers: 3
image
Business, 22.06.2019 14:30, deku6
United continental holdings, inc., (ual), operates passenger service throughout the world. the following data (in millions) were adapted from a recent financial statement of united. sales (revenue) $38,901 average property, plant, and equipment 17,219 average intangible assets 8,883 1. compute the asset turnover. round your answer to two decimal places.
Answers: 2
You know the right answer?
Amy owned a condominium directly above Miguel. Amy failed to take proper care of some plumbing probl...

Questions in other subjects:

Konu
Health, 01.05.2021 02:10
Konu
English, 01.05.2021 02:10