Settlement dispute in a land trade

Settlement dispute in a land trade

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John Conner · External communityPost link
External question — Personal Finance Stack Exchange Author: John Conner Original post: https://money.stackexchange.com/questions/169642 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. A piece of land was bought. Party A contributed 1,500mil (paid fully and on time) and party B contributed 270mil (200mil upfront and 70mil due later, to be taken from the proceeds of sale). Then later, the land was sold at 2,190mil. Party A received all the money from the sale into his account and he should distribute the money. He gave 350mil to party B to pay some expenses of the sale: 70mil broker fee (both party must pay since it’s a joint expense) 30mil broker fee (only party A’s obligation) 16mil which was already paid by party A but it is a joint expense which should factor in the equations. Recall that party B had to pay 70mil from the original 270mil but what they did instead was that they used this 350mil to pay that 70mil. Now my question is, considering everything, does this 350mil (if we consider they didn’t use it to pay their own 70mil obligation) cover all of the following? All expenses including non-joint ones Party B’s original and profit money And is there anything left of the 350mil? Essentially the question is, based on everything that I said does party A have to still pay extra money to party B or is the account balanced and done?
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user739 · External communityPost link
External answer — Personal Finance Stack Exchange Author: user739 Original post: https://money.stackexchange.com/a/169645 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. Assuming they'd agreed to split the profit equally, then A has paid B far too much and B should repay 161mil to A. Given that we've just been told the expectation was that the profit and expenses should be split per share of contribution, the new spreadsheet looks like this and B should repay 271mil to A:
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Quoted from Forex.com.bd-Editorial External answer — Personal Finance Stack Exchange Author: user739 Source score (net votes, not local likes): 2 Original post: https://money.stackexchange.com/a/169645 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. Assuming they'd agreed to split the profit equally, then A has paid B far too much and B should repay 161mil to A. Given that we've just been told the expectation was that the profit and expenses should be split per share of contribution, the new spreadsheet looks like this and B should repay 271mil to A:

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