Devise a procedure between a seller of a house and a buyer of the house that...

Devise a procedure between a seller of a house and a buyer of the house that will decide if the sellers minimal acceptable price is below or equal to the buyers maximal acceptable price without revealing the acceptable prices to the other side of the negotiations.

Expert Solution

Colby Messinger answered 2 years ago

We have the assignment (Buyer 1, Seller 1), (Buyer 2, Seller 2). The payoffs are: Buyer...

We have the assignment (Buyer 1, Seller 1), (Buyer 2, Seller 2). The payoffs are: Buyer 1 = 11 Seller 1 = 15 Buyer 2 = 10 Seller 2 = 6 Buyer 1 and Seller 2 can generate together 16. Buyer 2 and Seller 1 can generate together 26. Is the assignment stable?

A German seller and a U.S. buyer form a contract. The buyer breaches. The seller sues...

A German seller and a U.S. buyer form a contract. The buyer breaches. The seller sues in a German court and wins damages, but the buyer’s assets are in the United States. If a U.S. court enforces the judgment, it will be because of Question 33 options: the doctrine of sovereign immunity. the act of state doctrine. the principle of comity. None of the above.

Buyer wished to paint the exterior of his house. He went to Seller, a local paint...

Buyer wished to paint the exterior of his house. He went to Seller, a local paint store owner, and asked him to recommend a paint for the job. Seller suggested a particular paint based on Buyer’s description of this house. Seller instructed Buyer how to mix the paint and how to prepare the surface. Five months later, the paint began to peel, flake, and blister. Buyer brings an action against Seller. Decision? (In your answer use the terms: implied warranty,...

What is the name of a bilateral agreement between a seller, (the vendor) and a buyer...

What is the name of a bilateral agreement between a seller, (the vendor) and a buyer (the vendee) in which the vendor defers receipt of the entire purchase price of a property over a specified period of time? An installment sales contract A bilateral option A foreclosure option A distressed sale option Both the agent and seller just signed the listing agreement. What must the licensee give to the seller now? A detail advertising plan A copy of the signed...

Seller writes Buyer on 1/1/09 and says: “I will sell you my house for $100K closing will be 12/31/09.” Buyer writes Seller: “Ok”.

Seller writes Buyer on 1/1/09 and says: “I will sell you my house for $100K closing will be 12/31/09.” Buyer writes Seller: “Ok”. As the result of this written interchange, what are the terms of the contract? a) Seller and Buyer have a contract to sell and buy, respectively, a $100K house with date of closing being 12/31/09. b) Seller and Buyer have a contract to sell and buy, respectively, a $100K house. c) Seller and Buyer have a contract to sell and...

Buyer and Seller entered into a contract governed by the CISG for Seller to deliver a...

Buyer and Seller entered into a contract governed by the CISG for Seller to deliver a sophisticated computer to Buyer by January 1. Seller was late in delivering themachine, so Buyer wired Seller on January 2: “Anxious to take delivery of the computer. Hope that it arrives by February1.”Seller delivers the computer on February 5, but Buyer refused to accept it and declares that the contract is avoided because Seller failed to hand over the computer before the February 1...

14) Seller writes Buyer on 1/1/09 and says: “I will sell you my house for $100K...

14) Seller writes Buyer on 1/1/09 and says: “I will sell you my house for $100K closing will be 12/31/09.” Buyer writes Seller: “Ok”. As the result of each the Seller giving the Buyer the deed to the House and Buyer giving Seller the $100K by 12/31/09, have the parties performed? a) No because the parties performed b) Yes because the parties performed c) Yes because there was no contract to perform d) Yes because the parties are in breach...

Journalize the following entries for the seller and the buyer: (a) Seller sold merchandise on account...

Journalize the following entries for the seller and the buyer: (a) Seller sold merchandise on account to the buyer, $4,750, terms 2/10, net 30, FOB destination on December 21. The cost of the merchandise is $2,850. The seller pays the freight of $75. (b) Buyer pays within the discount period on December 31.

35. A legally enforceable agreement is written up between the buyer and seller. The two parties...

35. A legally enforceable agreement is written up between the buyer and seller. The two parties promise to cooperate and do everything they can to perform on their promise. The buyer promises to do everything to acquire the loan and the seller promises to do everything to make the house qualify to sell. This is known as A. A bilateral contract B. A unilateral contract C. Escrow Agreement D. An option contract 44. Does the term ‘valuable consideration” mean only...

What is maximum acceptable purchase price? What is value split between a buyer and a seller?

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