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Federal Land Bank (FLB) filed an action to foreclose a mortgage on property owned by Howard and Harriet Franklin. Before trial, FLB's attorney wrote to the Franklin's attorney inviting settlement offers. The Franklin's attorney wrote to FLB's attorney expressing an interest in settling. FLB's attorney responded with an offer that he stated his "client has authorized me to extend." George Johnson, a vice president of FLB, received copies of all letters. The Franklins accepted the offer, but three weeks late the FLB attorney wrote to say that all settlement offers had to be cleared through the Cleveland office. Because their agreement had not been approved by that office, the foreclosure was going to proceed. The Franklins sued, claiming that the FLB attorney had authority to settle the case and that FLB was bound by the settlement agreement. How should the court rule? Discuss fully.
on august 3 srini construction purchased special-purpose equipment at a cost of 1000000. the useful life of the
Prepare the statement of cash flows for the current year ended December 31 using the indirect method. Evaluate the statement of cash flows.
If you deposited the following amount per month (6 X $80) from your paycheck from the time you are 36 until you retire (at age 75) and your employer contributed an extra 6%, how much wealth would you have accumulated? The annual interest rate you..
kam computer timeshare company entered into the following transactions durinig may 2014decribe the effects of each
the current price of a share of juice stock is 40. while the outlook for juice stock is uncertain at the end of the
Prepare the business Income Statement for the period, prepare the Statement of Changes in Equity for the period and prepare the classified Balance Sheet at the end of the period.
velazques jeep tours operates jeep tours in the heart of the colorado rockies. the company bases its budgets on two
What is an appropriate null hypothesis to compare the quality of the product manufactured in the overseas plants and the U.S. plants? Why?
At an activity level of 7,900 machine-hours in a month, Manchester Corporation's total variable maintenance cost is $430,550 and its total fixed maintenance cost is $417,120.
The cost of meals and lodging while on vacation was $300 and $500, correspondingly. Find how much may Harry deduct as travel expenses for trip?
A company used the percentage-of-completion method of accounting for a four-year contract. Which of the following items would be used to calculate the income recognized in the second year?
bbb corporation use a standard cost system in which it applies manufacturing overhead to products on the basis of
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