Under some circumstances, a seller would prefer that the auction design guarantees that the winner is the bidder with the highest valuation, but in other circumstances, the seller would prefer not. Explain why.
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Under some circumstances, a seller would prefer that the auction design guarantees that the winner is the bidder with the highest valuation, but in other circumstances, the seller would prefer not. Explain why.
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- b) In the first price sealed bid auction, a player gets a positive payoff by doing bid shadingExplain the tradeoff between biding lower than the value of the object and biding very close to value of the object.Product should have exchange value and must be capable of being exchanged between seller and buyer for a mutually a. Agreed price b. Exchange Value c. Value satisfaction d. None of these.A Future Contract is Clearly defied in in the future at a price determined today today at a price prevailing at some future date in the future at a price prevailing in the future today at a price determined today
- As a member of a local Realtors® association, Broker Mel is generally obligated to place all her listings on the MLS. On one recent occasion, she did not. Evaluate the following scenarios and select the one that provides a justifiable reason for Mel's actions. Mel's client lives in a high-traffic area where a yard sign will bring in all the buyer prospects they could hope for, so an MLS listing is unnecessary. Mel's seller-client is a professional athlete who wants to keep his transaction very private and has asked that his property not be put on the MLS. Mel's client has an immaculate home that will sell easily and fast without being published on the MLS. Mel's client is on a very tight budget and is not willing to pay much in the way of commission on the sale of their home.43. When does the buyer obtain real right over the fruits of the determinate thing sold in a contract of sale? Group of answer choices From the moment of actual delivery of the fruits of the determinate thing sold From the moment of constructive delivery of the determinate thing sold From the moment of perfection of contract of sale From the moment of full payment of the price1. You are organizing a May Madness dog show and must purchase ribbons for the first place, second place and third place winners plus participation ribbons for all entrants. You contracted a supplier who will provide this to you for a total price of $600, printed with the name "May Madness" and your logo in gold print. You have heard some rumors that the supplier might not be reliable and want to be sure you are legally protected if he does not perform. which statement is correct? A. There is no writing requirement of this contract because this is an order for specially manufactured goods. B. This contract would need to be in writing to be enforceable and the price must be mentioned in the written documentation of your agreement. C. No documentation is required since your supplier is a merchant and should be trustworthy and acting in good faith. D. You need a writing to document the oral agreement and it must include the quantity of goods for it to be an enforceable agreement.
- If a price is not determined by the parties in a contract of sale, the buyer is bound to pay________________. Select one: a. the price which the buyer thinks is reasonable b. the price to be determined by a third independent person c. the price demanded by the seller d. a reasonable priceThe contract for a home purchase typically includes: I. The negotiated price II. The completion of a home inspection III. The possession date IV. The approval of a mortgage by the bank I, III and IV All the responses OI, II and IV O I, II and IIILet's say that the owner of a home says "come over next Wednesday to mow my lawn and every week after that until October 1. I will pay you a good price." You then go to their home that Wednesday and mow their lawn. Has a contract been formed? Is there a contract been created or not? If so why or why not?
- ABC Corporation does site work for large-scale industrial buildings. For a large multiyear project, ABC needs a certain type of excavator that would cost a fortune to own, maintain, and store over the winter months. Instead, ABC enters into a contract with Jacobs Machinery to use one of their machines for the duration of the project. Jacobs Machinery continues to own the excavator and charges ABC a monthly fee. Which pricing policy is ABC using in this scenario?Belletricity Inc., a medium electronic circuit board manufacturer in the US, is a long-term supplier to Morden Equipment (ME). ME is Belletricity’s only client. Every year, Belletricity sells around 5 million circuit boards to ME, which occupies Belletricity’s full production capacity. In 2012, ME informed Belletricity that due to business expansion, ME would increase the purchase from 5 million to 15 million starting from 2013. Belletricity has been selling circuit boards at the unit rate of USD 0.8 to ME so far. Due to the future increase of the buying volume, ME therefore asked Belletricity a price cut to USD 0.6 each. After negotiation, ME agreed to buy from Belletricity at the price of USD 1.00 starting 2013, for three years consecutively, till 2015. a) What was the rationale behind that ME agreed to pay a higher price to buy from Belletricity for the next three years? b) Why could Belletricity successfully persuade ME to accept her requested price?o acquire a 400,000 square foot industrial park in Boca Raton, Florida at a purchase price of $40 million, an investor put down 40% and borrowed $24 million with a 30-year fully amortizing fixed rate mortgage loan at an annual contract interest rate of 5% payable monthly. The borrower was charged two points by the lender that was deducted from the loan amount at closing. If the monthly payments on the loan were paid on time each month and if the loan was carried to maturity, what was the APR on the loan? a.5.28% b.5.38% c.5.18% d.5.08%