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Marina86 [1]
2 years ago
4

California residents Kate and Jennifer decide to make a "deal": Kate will sell Jennifer her new Dell laptop for $600, a steal si

nce she paid over $1,000 for it. They both feel they've gotten a great deal. Does this agreement need to be in writing, under California law?a. Yes, because under California law, an agreement for the sale of personal property must be in writing if the amount or value of the property exceeds $200.00.
b. Yes, because under California law, an agreement for the sale of personal property must be in writing if the amount or value of the property exceeds $500.00.
c. No, because this is personal property, and written agreements are not required for personal property sales.
d. No, because the value of this computer was under $2,000.00. California law ONLY requires that an agreement for the sale of personal property with a price or value of more than $2,000.00 be in writing.
Business
1 answer:
Vadim26 [7]2 years ago
8 0

Answer:

Yes, because under California law, an agreement for the sale of personal property must be in writing if the amount or value of the property exceeds $500.00.

Explanation:

California has a form of private property sales control called Statute of Frauds. This Statute is a list of rules and norms (requirements) that have to be met when making a sale of goods, for example, in order to avoid conflict between the parts involved in the transaction.

One requirement is, in the case of selling personal property that exceeds $500.00, the necessity of making a written and signed contract by all parties in order to be considered binding and enforceable.

If we want to get more technical to corroborate this requirement, in accordance to the California Code, Commercial Code - COM § 2201, “(1) Except as otherwise provided in this section a contract for the sale of goods for the price of five hundred dollars ($500) or more is not enforceable by way of action or defense unless there is some writing sufficient to indicate that a contract for sale has been made between the parties and signed by the party against whom enforcement is sought or by his or her authorized agent or broker. A writing is not insufficient because it omits or incorrectly states a term agreed upon but the contract is not enforceable under this paragraph beyond the quantity of goods shown in the writing.”

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Casa Del Sol Property Development Company is refurbishing a 200-unit condominium complex at a cost of $1,875,000. It expects tha
Elis [28]

Answer:

In order to find IRR we have to set the present value of all cash flows to 0,

IRR is the rate at which if we discount the payments the NPV (net present value) will be 0

-1875000+

415,350/(1+IRR)

415,350/(1+IRR)^2

415,350/(1+IRR)^3

415,350/(1+IRR)^4

415,350/(1+IRR)^5

415,350/(1+IRR)^6

415,350/(1+IRR)^7

Now we can use trial and error to see at what rate will the npv be

IRR= 12.35%

Another simple way of doing is using the cash flow function of a financial calculator and input these values.

CF0=1875000

C01=415,350

C02=415,350

C03=415,350

C04=415,350

C05=415,350

C06=415,350

C07=415,350

Explanation:

4 0
2 years ago
"Access Apple’s 2017 10-K report, filed with the SEC on November 3, 2017, and find Note 10— Commitments and Contingencies. What
Alona [7]

Answer:

5.022 Million dollars

Explanation:

According to Apple 2017 financial report and looking at the consolidated balance sheets of the company, the warranty expenses of Apple was 5.022 millions. Other than this, Apple paid $4.401 Million as warranty claims.

These statistics are used by managerial accountants to inform all the stakeholders about the company cost and projections and warranty claim is one major head in it

8 0
2 years ago
Once you have collected data for a message, you’ll need to find a way to organize it. Well-organized messages group similar idea
shutvik [7]

Answer:

c. Sparkling water, evening wine tasting, four-star hotel restaurant

Explanation:

The scratch list in general includes a series of services that are provided by a Hotel (the Boston Hotel). Because of the items included in the list, it seems that the Hotel is quite fancy.

Numeral c would be a good addition to the scratch list, because it lists items that would fall in place for the type of Hotel being described: sparking water, evening wine tasting, and a the mention of a four-star hotel restaurant.

5 0
2 years ago
One of your duties as the capacity manager for XYZ Company is to determine the best operating level. One way to help determine c
yanalaym [24]

Answer:

Capacity utilization rate of team 1=4200/4700=0,89

Capacity utilization rate of team 2=3700/4700=0,78

Explanation:

To get the maximum capacity of utilization capacity manager must consider the routine safety and the level where average cost per unit, so we use 4700 widgets per day to get the rate of team 1 and 2.  

Capacity utilization rate of team 1=4200/4700=0,89

Capacity utilization rate of team 2=3700/4700=0,78

3 0
2 years ago
Genovese Contracting, Inc., agrees to build a warehouse for Hawthorne Wholesale Distributors. When Genovese runs into the types
Andrej [43]

Answer:

4: not enforce it.​

Explanation:

It may be stated that the court does not exercise this additional agreement in this particular case based on the information provided in the question. This is due to the fact that it is not directly clear for payment. Because they make extra payments for the Genovey contract, they try to overcome the odds, and if these limitations are beyond their control they cannot do so.

8 0
2 years ago
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