Here are your first three clients. Please write one paragraph (on each of the three cases) offering your legal opinion. Please reference the appropriate legal rules to support your position as best you can to show yourself you learned something about contract law.
1. Catherine is a 70-year-old widow with a lot of energy. She has all her wits about her, but decides to look into Mason’s School of Dance so she won’t be lonely. After her first free dance lesson, Mason, a 72-year-old widower himself, convinces her she has real talent and with some more lessons could compete in ballroom dancing competitions. Catherine is thrilled and begins taking more lessons. At the end of each lesson, Mason tells Catherine she is getting better and better. After about six months, Catherine begins to feel like she has been taken for a ride, because she has not even qualified for several ballroom dancing competitions. She decides to sue. What are her chances of winning?
2. Bryn mails an offer to sell his car to his doctor, Jessica. Jessica writes a letter of acceptance, but decides not to accept. Jessica’s nurse, Brian, sees the letter and accidentally sends it with some of Jessica’s other mail. Is there a contract? Why or why not?
3. Michael says to Jordy, “I will landscape your yard for $600.” Jordyn agrees. When Michael is about one-third of the way through landscaping Jordyn’s house, Jordyn finds out Jerry will landscape her house for only $475. Jordyn tells Michael, “I reject your offer.” What are Michael’s rights?
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Ответ:
Equity financing has the highest overall cost.
Further Explanation:
The financing options that are available to the company are equity and debt. Equity Financing refers to the issue of equity shares to the public. Debt refers to the loan taken by the company from the public or any financial institutions. The equity shareholders have the right to vote in general meetings while the debt holder does not have any such rights.
The equity shareholders are also entitled to receive dividends while debt holders are entitled to receive the interest regardless of whether the company is having a profit or not. The interest paid to debt-holders is deducted from the net profit before any tax is charged. The interest reduces the taxable income while the dividend is calculated on net profit after tax. Thus, the cost of using debt finance is lower as the amount which is paid as the interest is charged against the tax.
Therefore, Equity financing involves a higher cost than Debt financing.
Learn more:
1.Learn more about raising the equity
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2.Learn more about the problem related to equity theory
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3.Learn more about the short-term financial goals
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Answer details:
Grade: Senior School
Subject: Financial Management
Chapter: Cost of Capital
Keywords: Equity financing, the highest overall cost, debt financing, financing options, capital, business, shareholder’s fund, loan, financial management, raise, issue.