Question

​in simone's selling a 300-acre farm to rural investments, inc., she tells the buyer that the land "will be worth twice as much by next year." this is

Answer 1

If Simone tells Rural Investments Inc. that the land she is trying to sell them will be worth twice a much next year she is giving an estimate or an opinion of that. There is not factual evidence presented to state that the 300-acre farm is going to be worth more in upcoming years. The farm can also depreciate and lose value, so there is no way to truly know until it comes time to sell the land.