Answer:
1. Which might be Tommy’s best argument to collect from Thacker?
A. An implied contract was formed.
2. Which is an example of a situation where intent to make an offer may be lacking?
D. All of the above.
3. Which is an example of a material (essential) term required to be included in an enforceable contract?
D. All of the above.
4. Which is not a way that an offer can be terminated by action of the parties?
B. Offeror performs acts inconsistent with the existence of the offer (e.g., transacts the same business with a different offeree).
Explanation:
The contract existing between Tommy and Thacker can be implied or express. The legally-binding obligation that derives from the actions, conduct, or circumstances of Tommy and Thacker creates an implied contract with the same legal force as an express contract. On the other hand, an express contract is voluntarily entered into and agreed on verbally or in writing by two or more parties.
Answer:
earnings/per year - cost/per year - taxes = profits
Explanation:
20 h /week a year has 4 weeks 20*52=1040 h/month
8h /1sunday a year she only work 12 sundays 8h*12=96h
$9 /h earnings
$1000 fixed costs
$1500 travel
20% taxes
1040+96= 1136h/year
1136*9= 10224 $/year total earnings
10224-1000-1500=7724 profits before interest and taxes
7724*(1-0.20)=6179.20 total profits
Answer:
The amount of bond issuance is $2,085,500
Explanation:
The computation of the amount of bond issuance is shown below:
= Raise capital + attorney cost - underwriter spread
= $2,000,000 + $150,000 - 3% of $2,150,000
= $2,150,000 - 3% of $2,150,000
= $2,150,000 - $64,500
= $2,085,500
Hence, the amount of bond issuance is $2,085,500
We simply applied the above formula so that the correct value could come
Answer:
D. A position where an option has been sold.
Explanation:
The option writer has a SHORT position in options. This is when a writer sells a put or call they don't own; in other words, they are short the put or call.
