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Leya [2.2K]
1 year ago
14

Gianni hires Dolton to work as his driver with an annual salary of $100,000 for the rest of Dolton's life. After two years, Gian

ni decides to fire Dolton. Dolton claims they have a valid contract, but Gianni says it is barred by the statute of frauds because they never put anything in writing. Who is correct?
(A) Dolton, because the contract can be completed in one year because Dolton could die within a year of the contract's creation.
(B) Dolton because, even though the contract was not completed within one year, public policy does not support lifetime employment contracts that are not in writing.
(C) Gianni, because Dolton did not die during the year after the contract's creation.
(D) Gianni, because the contract cannot be completed in one year.
(E) Gianni, because Gianni did not sign any agreement and he is the party being charged.
Business
2 answers:
Pavel [41]1 year ago
7 0

The answer is "(E) Gianni, because Gianni did not sign any agreement and he is the party being charged."

In the statement above, what Giani did was correct. Unless the contract has been signed by both parties, making it difficult to get the party concerned to pay. It is invalid if one of them decides not to cooperate.

And Dolton will not do an agreement with Giani without the signature of the contract.

<h2>Further Explanation </h2>

The signature has the main function as the identity of the signatory and guarantees the truth of the contents of the signed document. In an agreement or contract, a signature serves to guarantee that the person who signed the agreement or contract has known and agreed to all of its contents. The signature in the agreement is evidence of an agreement on the agreement made by the parties.

What if the signing was not done according to these rules? The result is that the document is deemed unmarked so that it is necessary to do the sealing later, which means that the postal duty is paid by the post office for the document for which the stamp duty has not been paid properly.

Learn More

Agreement brainly.com/question/13958954

Signature law brainly.com/question/13958954

Details

Grade: College

Subject: Business

Keyword: agreement, signature, law

vredina [299]1 year ago
3 0

Answer:

(E) Gianni, because Gianni did not sign any agreement and he is the party being charged

Explanation:

In the above scenario, Giani is correct because unless the contracts are in writing and signed by both the parties, it is hard to go after the paying party. It remains invalid as soon as either party decides to step back.

Therefore, Dolton would have nothing to show against Giani without a written proof of the contract made.

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Answer:

there are no options, but the journal entry should be:

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Explanation:

Since the bonds' carrying value is less than the face value, it means that Gardner Company purchased them at a discount. When the bonds were purchased, the investment in bonds account's balance was not $100,000 (the par value), instead it was recorded at the lower amount at which they were purchased. As coupon payments are received, the discount on the bonds is amortized and their carrying value should increase until it reaches par value on maturity date.

4 0
2 years ago
The manager of your company's pension fund is compensated based entirely on fund performance; he earned over $1.2 million last y
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Answer:

The compensation to the fund manager is based on the performance of the pension fund. If the fund performs well and earns significant profit, then the compensation to the mangers should increase.  

If it incurs losses, then the argument for capping the compensation of funds managers will gain ground. Note that the manager is being paid according to the pay-for-performance scheme. Thus it is unjustified that his compensation is reduced when there is no significant evidence that his performance was responsible for the poor performance of the fund. The manager has earned over $1.2 million last year. Hence fixing the compensation of managers to $100,000 should be considered only when the fund has under performed drastically. Without such evidence, such capping will only demoralize them and the profitability of the company will fall.

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2 years ago
The primary purpose of the legal reserve requirement is to:
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1 year ago
Alice's three children are driving her crazy. they are constantly squabbling, calling one another names, and generally tormentin
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Suppose that Ford issues a coupon bonds at a price of $1,000, which is the same as the bond's par value. Assume the bond has a c
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Answer:

YTM approximated 4.08%

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If the price of the bond changes to 1,060

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we could do it with an approxmation method like this:

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