Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Basic Finance Expert

Lulu Lowlife hired Jeremy Jip, a licensed real estate agent, to sell her farm house for $31,500. Jeremy jumped right into the job and promptly proceeded to negotiate with a prospective purchaser, Mary Moron. While traveling to the Lowlife house for a tour, Mr. Jip jumped a curb and crashed into Ollie Onfoote, a pedestrian, who suffered a crushed cranium as a consequence. Ms. Moron, a passenger in Jip's jalopy, luckily lurched forward upon contact and only acquired abrasions on her abdomen. Despite this disruption of their drive, Mary and Jeremy at last arrived at their destination. Ms. Moron was immensely impressed by the rustic residence and orally offered $41,500 to Jeremy to buy it. Sensing the scent of a secret commission, Jip jovially got going on a contract for $31,500 and amiably agreed to accept an additional $5,000 as a "bonus" from Ms. Moron. Lulu later learned about this benevolent bonus, but consciously completed the conveyance contract in consideration of the fact that the funds from her former farmhouse were sadly to be set-aside to satisfy her unpaid debt owing to her deadly drug dealer, Carrie Crack. When Jeremy Jip, an otherwise moral man, discovered the drug dealer's despicable demands, he deliberately drove to a drug den and killed Crack with same Parker Pen that Lulu used to execute the conveyance contract.

1. Was Jeremy Jip Lulu's employee? Why or why not? What facts support your conclusion?

2. Is Lulu liable to Mary or Ollie for their injuries? Why or why not? What facts support your conclusion?

3. What fiduciary duties were breached by Jip? Provide specific facts to support your conclusions.

4. Was the conveyance contract for $31,500 enforceable? Why or why not?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M9999291

Have any Question?


Related Questions in Basic Finance

What do you think is the most important factor in

What do you think is the most important factor in developing a successful agile transformation? Why? What do you think are three most critical factors in a change management initiative? Why?

Calculating returnssuppose you bought a bond with a 58

Calculating Returns: Suppose you bought a bond with a 5.8 percent coupon rate one year ago for $1,030. The bond sells for $1,059 today. a. Assuming a $1,000 face value, what was your total dollar return on this investmen ...

1 an analyst has modeled xyz stock using the fama amp

1.) An analyst has modeled XYZ stock using the Fama & French three factor model (FF3FM). Over the past few years the risk premium on SMB was 2.75% and the risk premium on HML was 3.50%. Regression analysis shows that XYZ ...

Based on land minerals and natural resources labor and

Based on land, minerals and natural resources, labor and entrepreneurial innovation, which country do you feel has the greatest long-term potential China or Russia.

Carnes cosmetics cos stock price is 7588 and it recently

Carnes Cosmetics Co.'s stock price is $75.88, and it recently paid a $2.50 dividend. This dividend is expected to grow by 21% for the next 3 years, then grow forever at a constant rate, g; and rs = 14%. At what constant ...

Suppose you expect to rent a house when you retire in 35

Suppose you expect to rent a house when you retire in 35 years. Today, rent for a 3 bedroom, 2 bathroom home costs $36,000 per year. You expect inflation to be 2% per year between now and when you die and that rent will ...

Tiffany borrows a 200000 5 years loan at 7 with a fixed

Tiffany borrows a $200,000, 5 years loan at 7%, with a fixed amount of principal to be repaid every year. What is the total amount that she will need to pay at the end of year 4? (round off all answers to 2 decimal place ...

Ebeneezer scrooge jasper currently manages a 500000

Ebeneezer Scrooge Jasper currently manages a $500,000 portfolio. He is expecting to receive an additional $250,000 from a new client. The existing portfolio has a required return of 10.75 percent. The risk-free rate is 4 ...

Your grandfather has agreed to deposit a certain amount of

Your grandfather has agreed to deposit a certain amount of money each year into an account paying 7.75 percent annually to help you go to graduate school. Starting next year, and for the following four years, he plans to ...

How do i calculate equity valuation-gordon growth model on

How do I calculate Equity Valuation-Gordon growth Model on TI-BA II Plus calculator. A company just paid a dividend of 2.30 to its shareholder. It estimates that future growth will be at 2%. What is the value of the stoc ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As