The Glades Corporation has located a building that it would like to have for its...
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The Glades Corporation has located a building that it would like to have for its new warehouse. The corporation has contacted the owner about making a trade for its existing property. The owner of the desired property is only willing to sell the building for cash as he will have little gain on the sale and has no use for the Glades property. Glades, however, has an extremely low basis in its property and is unwilling to sell it in order purchase the new property. Is there an alternative that will satisfy Glades and the owner of the warehouse property?
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