Given the Following Sales Adjustment Grid, What Adjustment Would Be

question 26

Multiple Choice

Given the following sales adjustment grid, what adjustment would be made for size? $\begin{array}{cccc}\begin{array}{cc}\text { Characteristic } & \text { Subject } \\\text { Sales price } & \\\text { Square feet } & 1,800 \\\text { Exterior } & \text { Alum } \\\text { Age } & 16\end{array}\begin{array}{cccc}1&2&3&4\\116,000 & 120,000 & 124,000 & 126,000 \\1,700 & 1,900 & 1,900 & 1,900 \\\text { Brick } & \text { Alum } & \text { Alum } & \text { Brick } \\20 & 20 & 18 & 20\end{array}\end{array}$

• A) $20 psf.
• B) $40 psf.
• C) $50 psf.
• D) $35 psf.

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Definitions:

Promissory Estoppel

A legal doctrine prohibiting someone from revoking a guarantee given to another individual if the latter has sensibly counted on such guarantee to their disadvantage.

Consideration

Something of value promised to another when making a contract.

Unilateral Contract

An agreement in which only one party makes a promise to perform in exchange for an act by the other party.

Acceptance

The act of receiving or agreeing to something, such as a proposal or offer, thus constituting a contract.