Answer:C. A mistake of value support the cancellation of a contract.
Explanation:
The law of equity says ' he who comes to equity must come with a clean hand. Although the law requires the enforcement of a valid contract but the precensce of a substantial mathematics mistakes make the contract unenforceable.
It's not a bilateral mistake because it's from one the parties, though not all unilateral mistakes can cancel a contract especially when done with negligence.
The contract been below the price of contract of similar nature is not a valid excuse for non performance after agreement.
I would say this could be a kind of statute of limitations whereby the potential for illness would only figure into the decision in the case of Alice and her present and past medical condition and not extend to her family propensities.
Answer:
a, Journal Entries to record transactions
Account Titles Debit Credit
Cash $5,412.36
Cash Short and Over $0.71
($5,413.07 - $5,412.36)
Sales $5,413.07
The actual cash in cash register is debited to cash account and cash receipts per cash register tally is credited to sales account and the balancing figure is debited or credited to Cash short and over account.
b. Journal Entries to record transactions
Account Titles Debit Credit
Cash $3,712.95
Cash Short and Over $0.79
(3,712.95 - 3,712.16)
Sales $3,712.16
Answer:
(D). Visibly punish unethical acts
Explanation:
Ethics refer to how people conduct themselves morally. Each organization has an Ethical Code they expect their employees to abide by.
When employees act outside an organization's Code of Ethics, then punishing them visibly is a way to serve as a deterrent to other employees.
Employees should also be openly rewarded when they act in accordance to the Code of Ethics to encourage others to do the same.
In this case, Pam's company is using visible punishment to maintain its ethical culture and send a message to the other employees.
Answer:C. The price per stock declined from 2008 to 2009
Explanation: the graph declines at 2008 and increases at 2009