Refer to the News Wire and answer two questions.The price of atten.pdf

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College tuition costs rose again this year. In-state tuition at public colleges increased to $10,560, up $120 from last year. Tuition at private colleges rose to nearly $38,000, up 2.1%. Over the past 10 years, college tuition has increased by an average of 4.5% per year, compared to a 1.3% annual rise in average consumer prices, making college increasingly unaffordable for many families.

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Refer to the News Wire and answer two questions.
The price of attending college has gone up again. According to the nonprofit College Board, in-
state tuition at four-year public colleges rose to $10,560 this year, up another $120 from last
year. Tuition at private colleges is up to nearly $38,000 a year, a hike of 2.1 percent. Over the
last 10 years, college tuition has increased by 4.5 percent a year, while average consumer prices
have risen by only 1.3 percent a year. These tuition hikes are making college attendance
increasingly expensive and difficult for many families.
Source: The College Board, October 26, 2020, www.collegeboard.org.
According to the News Wire, during the past 10 years, by what percentage did
Instructions: Round your responses to one decimal place.
the nominal price of college tuition increase per year?
%
the real price of college tuition increase per year?
%NEWS WIRE: PRICE EFFECTSCollege Costs Keep Rising
The price of attending college has gone up again. According to the nonprofit College Board, in-
state tuition at four-year public colleges rose to $10,560 this year, up another $120 from last
year. Tuition at private colleges is up to nearly $38,000 a year, a hike of 2.1 percent. Over the
last 10 years, college tuition has increased by 4.5 percent a year, while average consumer prices
have risen by only 1.3 percent a year. These tuition hikes are making college attendance
increasingly expensive and difficult for many families.
Source: The College Board, October 26, 2020, www.collegeboard.org.

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RKO-Stanley v. Graziano Eagen, J. On April 30, 1970, RKO-Stanley Warner Theatres, Inc. [RKO], as seller, entered into an agreement of sale with Jack Jenofsky and Ralph Graziano, as purchasers. This agreement contemplated the sale of the Kent Theatre, a parcel of improved commercial real estate located at Cumberland and Kensington Avenues in Philadelphia, for a total purchase price of $70,000. Settlement was originally scheduled for September 30, 1970, and, at the request of Jenofsky and Graziano, continued twice, first to October 16, 1970, and then to October 21, 1970. However, Jenofsky and Graziano failed to complete settlement on the last scheduled date. Subsequently, on November 13, 1970, RKO filed a complaint in equity seeking judicial enforcement of the agreement of sale. Although Jenofsky, in his answer to the complaint, denied personal liability for the performance of the agreement, the chancellor, after a hearing, entered a decree granting the requested relief sought by RKO. * * * This appeal ensued. At the time of the execution of this agreement, Jenofsky and Graziano were engaged in promoting the formation of a corporation to be known as Kent Enterprises, Inc. Reflecting these efforts, Paragraph 19 of the agreement, added by counsel for Jenofsky and Graziano, recited: It is understood by the parties hereto that it is the intention of the Purchaser to incorporate. Upon condition that such incorporation be completed by closing, all agreements, covenants, and warranties contained herein shall be construed to have been made between Seller and the resultant corporation and all documents shall reflect same. In fact, Jenofsky and Graziano did file Articles of Incorporation for Kent Enterprises, Inc., with the State Corporation Bureau on October 9, 1971, twelve days prior to the scheduled settlement date. Jenofsky now contends the inclusion of Paragraph 19 in the agreement and the subsequent filing of incorporation papers, released him from any personal liability resulting from the non- performance of the agreement. The legal relationship of Jenofsky to Kent Enterprises, Inc., at the date of the execution of the agreement of sale was that of promoter. As such, he is subject to the general rule that a promoter, although he may assume to act on behalf of a projected corporation and not for himself, will be held personally liable on contracts made by him for the benefit of a corporation he intends to organize. This personal liability will continue even after the contemplated corporation is formed and has received the benefits of the contract, unless there is a novation or other agreement to release liability. The imposition of personal liability upon a promoter where that promoter has contracted on behalf of a corporation is based upon the principle that one who assumes to act for a nonexistent principal is himself liable on the contract in the absence of an agreement to the contrary. * * * Jenofsky contends the parties, by their inclusion of .

RKO-Stanley v. GrazianoEagen, J.On April 30, 1970, RKO-Stanley W.pdf

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