The Hortons bought a home in a development that was subject to a set of CC&Rs, which included a restriction requiring homeowners to submit plans for changing their front landscaping for approval by the architectural control committee before any changes were made. Among the items included in a list of prohibited landscaping materials was artificial grass. The state was encouraging residents to save water by offering to pay residents $60 for every square foot of grass they replaced with either rock or artificial grass. The Hortons wished to take advantage of this option and submitted plans to replace their grass with artificial grass. When the architectural review committee refused to approve their plans, the Hortons decided to change their landscaping anyway. Are they within their legal rights to do so? What do you believe are the strongest arguments on each side?
The Ewells bought a home in Seaford, Delaware. They planned to renovate it and reside in it later....... ... a fire extinguisher if there had been one present. They also argue that the condition was not triggered because the work that they were in the process of doing was demolition and they had...
The McConnells bought a home in Sherwood Estates. The land was subject to a restrictive covenant...... ... compel the McConnells to remove the dog pen because prior approval had not been obtained. Are restrictive covenants applied this expansively to homeowners? Must the McConnells have prior...
Jen Logan bought a home in Iowa for $110,000. She put down 20% and obtained a mortgage for 30 years at 5 ½%. What are Jen’s monthly payments and total interest cost of the loan?
The number of households with a television in use when surveyed by Nielsen Media Research. Qualitative versus Quantitative Data. In Exercises, determine whether the data described are qualitative or quantitative,and explain why?
Data Integrity Company performed $1,000 of services on account for a customer on January 5. The same customer paid $600 of the January 5 bill on January 28.Requirement1. Identify the three steps to record a transaction and perform the three steps to record the transactions for Data Integrity...
Inzaghi Ltd is evaluating a capital expenditure proposal that has the following forecast cash flows: Original investment £45,000 Cash flow: Year 1 Year 2e £17,500 £25,000 £15,000 Year 3 Scrap Value Discount rate 14% Requiremente a) Compute the net present value of the investment. 10 Marks b)...
Assume that you are the job analyst at a bicycle manufacturing company in British Columbia and have been assigned responsibility for preparing job descriptions (including specifications) for all of the supervisory and managerial positions. One of the production managers has just indicated that he...
Carlos owns a life estate in Morganberry Farms. The farm consists of five acres, with a house and landscaping located on one half acre, and corn being raised on the other 4.5 acres. Carlos decides to cover one of the acres that was being used for corn with asphalt so that he can charge people to...
The plaintiff owned land in an area zoned for buildable private parks. The city rezoned the land to allow only parks open to the public. This rezoning effectively prohibited the plaintiff from generating any sort of income from the land. Was the plaintiff correct in his contention that this...