1. newmark & co. real estate, inc., (the broker) contacted 2615 east 17 street realty, llc, (the landlord) to lease certain real property on behalf of a client (the tenant). as is common in real estate transactions, the broker is paid a commission. the lease agreement stated that the landlord would pay the full commission to newmark. newmark e-mailed the landlord a commission agreement containing information on the amount of the commission, the deadline for payment of the commission, the services for which the commission was being paid, and the information about newmark required to make payment. the landlord e-mailed newmark back with a request to pay the commission in several payments instead of one single payment. newmark revised the agreement to include the multiple payment deadlines and e-mailed a final copy to the landlord. the landlord responded by e-mail, acknowledging receipt of the revision and newmark for making the change. all e-mails had the names of the sender typed at the bottom of the e-mail. the statute of frauds requires certain types of contracts to be in writing. all of these contracts must be in writing except (answer choices: a. contracts involving land b. contracts that by their terms cannot be performed in less than a year after the date of agreement c. a promise to answer for a debt of another d. a promise made in consideration of a marriage e. a promise to work for an employer for the rest of your life f. contracts for the sale of goods over $500)2. does the real estate broker's separate agreement for payment of commission fall under the statute of frauds? (yes or no)3. under which category? (answer choices: a. contracts involving land b. contracts that by their terms cannot be performed in less than a year after the date of agreement c. a promise to answer for a debt of another d. a promise made in consideration of a marriage e. contracts for the sale of goods over $500)4. an e-mail selectdoesdoes not (does or does not) satisfy the writing requirements for the statute of frauds.5. all of these are the essential terms needed in a writing, except choices: a. the names of the parties b. the subject matter c. the consideration d. the price of the goods)6. the writing does or does not) satisfy the essential terms requirement.7. who must sign the writing? (answer choices: a. the person who is enforcing the contract b. the person against whom the contract is being enforced)8. what type of signature must be on an e-mail in order to enforce an electronic record? (answer choices: a. a typed name b. an official signature c. an official signature d. an encrypted signature)9.(answer choices: a. newmark b. the landlord c. newmark’s client d. both newmark and the signed the e-mails.10. is it likely a court would find the e-mails satisfy the statue of frauds and therefore order the landlord to pay the commission? (yes or no)11. what if the facts were different? what if the names had not been typed at the bottom of the e-mails? the contract choices: a. would b. would not) be enforceable.

The following transactions and events that occurred in the village of kowitt gorge during the calendar year 2019: 1. the village commissioners adopted the following budget: estimated revenues: property taxes $1,850,000 all other revenues 300,000 total revenues $2,150,000 appropriations: all departments other than police $1,000,000 police—salaries 600,000 police—fringe benefits 450,000 police—supplies 80,000 total appropriations $2,130,000 2. the village received, in cash, property taxes of $1,840,000 and all other revenues of $295,000. 3. the village made cash payments, charging the following appropriations: all departments other than police $1,000,000 police—salaries 595,000 police—fringe benefits 390,000 4. the administrator of fringe benefits received an invoice for police employee health insurance in the amount of $95,000, together with a letter from the insurance provider, explaining that the large increase was caused by a change in federal laws. the invoice could not be paid because the police—fringe benefits appropriation had a balance of only $60,000 (appropriation of $450,000 minus expenditures in item 3 of $390,000). as a result, the village commissioners amended the budget as follows: increase: appropriation for police—fringe benefits $35,000 decrease: appropriation for police—salaries 5,000 decrease: appropriation for police—supplies 25,000 use of fund balance 5,000 5. the village paid the invoice for $95,000, referred to in item 4 above, charging the appropriation for police—fringe benefits. 6. the police department placed po 2019a for firearms in the amount of $30,000 and po 2019b for uniforms in the amount of $20,000, all charged to the appropriation for police—supplies. (enter these pos as one transaction.) 7. after receiving po 2019a, the supplier notified the police department that a change in the design of the weapons would increase the cost to $32,000. the department sent the supplier an amended po, increasing it by $2,000. 8. the police department received the uniforms ordered on po 2019b, together with an invoice for $20,000. the department approved the invoice for payment. record the transactions and events applicable to the appropriations for police—fringe benefits and police—supplies in the following appropriations ledger. notes: use a negative sign with your answers if: 1. the amount entered in the appropriation column is a debit (dr.) rather than a credit (cr.); or 2. the amount entered in the expenditures column is a credit (cr.) rather than a debit ( in the available appropriation column, enter the appropriate balance after every transaction/event, even if a transaction isn't recorded in a particular ledger for that transaction. for transaction 6, enter both purchase orders (pos) as one combined transaction. appropriations ledger appropriation: police - fringe benefits appropriation encumbrances expenditures available transaction cr. dr. cr. dr. appropriation 1 answer 0 answer 0 answer 0 answer 0 answer 0 2 answer 0 answer 0 answer 0 answer 0 answer 0 3 answer 0 answer 0 answer 0 answer 0 answer 0 4 answer 0 answer 0 answer 0 answer 0 answer 0 5 answer 0 answer 0 answer 0 answer 0 answer 0 6 answer 0 answer 0 answer 0 answer 0 answer 0 7 answer 0 answer 0 answer 0 answer 0 answer 0 8 answer 0 answer 0 answer 0 answer 0 answer 0 appropriations ledger appropriation: police - supplies appropriation encumbrances expenditures available transaction cr. dr. cr. dr. appropriation 1 answer 0 answer 0 answer 0 answer 0 answer 0 2 answer 0 answer 0 answer 0 answer 0 answer 0 3 answer 0 answer 0 answer 0 answer 0 answer 0 4 answer 0 answer 0 answer 0 answer 0 answer 0 5 answer 0 answer 0 answer 0 answer 0 answer 0 6 answer 0 answer 0 answer 0 answer 0 answer 0 7 answer 0 answer 0 answer 0 answer 0 answer 0 8 answer 0 answer 0 answer 0 answer 0 answer 0 answer 0 answer 0 answer 0 answer 0 answer 0