answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iren2701 [21]
2 years ago
14

Nina Parkhurst owned a ranch and asked her son, Doug Boykin, to move to it and manage it for her. Boykin and his wife moved to t

he ranch and managed it for several years. they talked with Parkhurst many times, urging her to transfer 49 percent of the ranch to them. Parkhurst said she had thought and talked about possibly transferring the ranch but had made no decision. the Boykins claimed they were on the ranch under an oral contract with Parkhurst and that the oral contract also entitled them to a 49 percent interest in the ranch. she sued them and asked the court to declare that there was no contract. was there a contract?
Business
1 answer:
Black_prince [1.1K]2 years ago
5 0

Answer:

No there was no contract, there was at best an agreement to agree (an agreement based on understanding that a future arrangement can be made).

Nina said she was still thinking about her son's proposal and had not decided yet, so there was no contract.

Oral contracts is a spoken agreement between two parties that may be legally binding.

Breach of oral contract can be hard to prove since it is not written down.

An oral agreement between family members is not enough to be considered a contract.

Explanation:

You might be interested in
Discuss how a fragmented audience is both a challenge and an opportunity for sports and entertainment marketers?
Gnom [1K]

A fragmented audience is more diverse than an audience of only one type. Some people may enjoy the content more than others, which provides more opportunity and challenges for marketers.

3 0
2 years ago
The Green Carpet has current liabilities of $72,100 and accounts receivable of $107,800. The firm has total assets of $443,500 a
quester [9]

Answer:

The answer is: $47,700

Explanation:

To determine net working capital we use the following formula:

Net working capital = total current assets - total current liabilities

  • Current assets: assets that can be converted to cash within a on year period (e.g. cash, account receivables, inventory, etc.)
  • Current liabilities: debts that should be paid within a one year period (e.g. accounts payable, wages, taxes, etc.)

Net working capital = $119,800 (current assets = total assets - net fixed assets) - $72,100 (current liabilities)

Net working capital = $47,700

6 0
2 years ago
The sales for​ January, February, and March are​ $150,000, $180,000 and​ $220,000, respectively. For any particular month of​ sa
Gekata [30.6K]

Answer:

Total cash= $193,000

Explanation:

Giving the following information:

Estimated sales ($):

January= $150,000

February= $180,000

March= $220,000

40% in cash from that same month of​ sales

50% in cash from the previous​ month's sales

10% in cash from the sales from two months ago

C<u>ash collection March:</u>

From March= 220,000*0.4= 88,000

From February= 180,000*0.5= 90,000

From January= 150,000*0.1= 15,000

Total cash= $193,000

3 0
2 years ago
The R.C.Willey furniture store has a sale for Memorial day weekend that if you purchase products that come over $499 a 60" TV ca
lions [1.4K]

Answer:

The R.C.Willey furniture store has a sale for Memorial day weekend that if you purchase products that come over $499 a 60" TV can be purchased for only $300. This sales practice is known as<u> bundling.</u>

Explanation:

Here, the firm is selling two goods at a lower price, if the consumer has also brought a product, that is price tying, for it to be bundling, the firm would have made it mandatory to buy both the goods at a certain price.

7 0
2 years ago
Read 2 more answers
The one thing that can help establish your right to lead the project more than anything else is
Anarel [89]

Ability to balance the project budget

4 0
2 years ago
Read 2 more answers
Other questions:
  • Andy contrasts barcelona restaurants with other establishments where employees are "told how to answer a phone and how to set a
    7·1 answer
  • Which career worker installs, maintains, and repairs equipment used for communication? Select all that apply.
    9·2 answers
  • Suzanne, a single taxpayer, operates a printing business as a sole proprietor. The business has two employees who are paid a tot
    5·1 answer
  • Lauren's salary decreases from $ 37,000 to $ 30,000 . She decides to reduce the number of outfits she purchases each year from 2
    9·1 answer
  • The expected return on Natter Corporation's stock is 14%. The stock's dividend is expected to grow at a constant rate of 8%, and
    14·1 answer
  • All other things being equal, a company that sells multiple products should attempt to structure its sales mix so the greatest p
    9·1 answer
  • What two cpt codes describe a review of history, external examination, ophthalmoscopy, bio-microscopy for an acute complicated c
    11·1 answer
  • Seller Patsy wants to net $150,000 from the sale of her home. She tells Broker Al that he can list the property for whatever pri
    9·1 answer
  • The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale
    7·1 answer
  • Hayes Corporation has $522 million of common equity on its balance sheet and 9,000,000 shares of common stock outstanding. The c
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!