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
erik [133]
2 years ago
13

27. DORIS PURCHASED A NEW AUTOMOBILE ON CREDIT WHEN SHE WAS SIXTEEN YEARS OLD. TWO DAYS AFTER HER NINETEENTH BIRTHDAY SHE SOUGHT

TO RESCIND HER OBLIGATION TO MAKE FURTHER PAYMENTS. ASSUMING THAT EIGHTEEN IS THE AGE OF MAJORITY, THE CAR DEALER WOULD:
(A) BE ABLE TO ENFORCE HER OBLIGATION SINCE DORIS HAD RATIFIED THE CONTRACT

(B) NOT BE ABLE TO ENFORCE HER OBLIGATION SINCE DORIS HAD NOT RATIFIED THE CONTRACT

(C) BE ABLE TO ENFORCE HER OBLIGATION SINCE THE CAR DEALER WAS A COMPETENT PARTY AT ALL TIMES

(D) NOT BE ABLE TO ENFORCE HER OBLIGATION SINCE DORIS DID NOT RATIFY THE CONTRACT PRIOR TO HER EIGHTEENTH BIRTHDAY

28. AN EXCULPATORY CLAUSE IS A PROVISION OF CONTRACT THAT:

(A) REQUIRES EXTRA PROTECTION BY ONE PARTY
(B) EXCLUDES AN OPTION CONTRACT
(C) DISCLAIMS LIABILITY
(D) IS NEVER UPHELD BY THE COURTS















29. EXCULPATORY CLAUSES IN BAILEES’ CONTRACTS ARE USUALLY HELD TO BE:

(A) ILLEGAL, IF THE COURT FEELS THAT THEY WERE NOT PROPERLY COMMUNICATED TO THE BAILOR

(B) ILLEGAL – EVEN IF THEY ARE PROPERLY COMMUNICATED TO THE BAILOR – IF THEIR TERMS PURPORT TO FREE THE BAILEE FROM LIABILITY ARISING OUT OF THE BAILEE’S NEGLIGENCE

(C) LEGAL, IF PROPERLY COMMUNICATED TO THE BAILOR (EVEN IF THEY PURPORT TO FREE THE BAILEE FROM LIABILITY ARISING OUT OF THE BAILEE’S NEGLIGENCE)

(D) A AND C

30. STATUTES INVOLVING USURY:

(A) ARE ILLEGAL
(B) LIMIT THE AMOUNT OF INTEREST THAT MAY BE CHARGED ON LOANS
(C) CAN ONLY BE FEDERAL STATUTES
(D) CAN ONLY BE STATE STATUTES

31. ROGER EVANS, A REAL ESTATE BROKER LICENSED IN KANSAS, HELPED THOMAS SELL SOME LAND LOCATED IN MISSOURI. IF ROGER IS NOT A LICENSED BROKER IN MISSOURI, HE:

(A) CANNOT COLLECT A COMMISSION SINCE HE DID NOT REPRESENT THE BUYER
(B) CAN COLLECT A COMMISSION SINCE HE RENDERED A VALUABLE SERVICE
(C) CANNOT COLLECT A COMMISSION SINCE THE LICENSING LAW IS VIOLATED
(D) CAN COLLECT A COMMISSION SINCE HE IS LICENSED IN A STATE THAT BORDERS WITH MISSOURI

32. DANDY, A CONSUMER OF FINE CLOTHES, PROMISED TO PAY $1,400 TO ALFRED WHO PROMISED TO MAKE A BUSINESS SUIT FOR DANDY. IF ALFRED HAS COMPLETED THE SUIT BUT DANDY HAS NOT PICKED IT UP OR PAID ANY MONEY, WHICH OF THE FOLLOWING IS THE MOST ACCURATE DESCRIPTION OF THIS CONTRACT? IT IS A:

(A) UNILATERAL, UNENFORCEABLE, IMPLIED-IN-FACT CONTRACT
(B) UNILATERAL, VALID, QUASI-CONTRACT
(C) BILATERAL, VOIDABLE, EXPRESSED EXECUTORY CONTRACT
(D) BILATERAL, VALID, EXPRESSED CONTRACT WHICH IS PARTIALLY EXECUTED AND PARTIALLY EXECUTORY




33. A CONTRACTUAL AGREEMENT MAY BE EXPRESSED IN WRITING, OR IT MAY BE ORALLY STATED. IN THE ALTERNATIVE, AN IMPLIED-IN- FACT CONTRACT:

(A) IS CREATED WHEN THE PARTIES MANIFEST THEIR AGREEMENT BY CONDUCT RATHER THAN BY WORDS
(B) IS BASICALLY THE SAME THING AS A CONTRACT IMPLIED-BY-LAW
(C) IS BASICALLY THE SAME THING AS A QUASI-CONTRACT
(D) IS BASICALLY THE SAME THING AS AN INVALID CONTRACT

34. ACTIONABLE FRAUD CAN BE DEFINED AS REQUIRING ALL THE FOLLOWING ELEMENTS EXCEPT FOR:

(A) KNOWLEDGE OF THE MISREPRESENTATION OF A MATERIAL FACT BY THE SPEAKER
(B) ACCURATE REPRESENTATION OF A MATERIAL FACT
(C) JUSTIFIABLE RELIANCE
(D) INJURY

35. IF A PERSON CAN PROVE THAT HE WAS HONESTLY MISTAKEN AS TO THE TERMS OF A CONTRACT THAT HE HAS MADE, EVEN THOUGH IT WAS NOT APPARENT TO THE OTHER PARTY, AS A GENERAL RULE HE:

(A) CAN RESCIND THE CONTRACT
(B) CANNOT RESCIND THE CONTRACT
(C) CAN RESCIND THE CONTRACT IF HE CAN SHOW THAT THE MISTAKE WAS NOT THE RESULT OF NEGLIGENCE ON HIS PART
(D) NONE OF THE ABOVE
Business
1 answer:
likoan [24]2 years ago
4 0

Answer: Sorry bruh, cant help u with them all.

Explanation:

I dont got the time. But i will answer one. 27. the answer is A I think.

You might be interested in
Urban’s, which is currently operating at full capacity, has sales of $47,000, current assets of $5,100, current liabilities of $
Nataly_w [17]

Answer:

AE = Increase in Assets - Increase in Liabilities - Profit × (1- payout ratio)

= [($51,500 + $5,100)×0.03 - ($6,200)×0.03 - ($47,000×1.03×0.05)×(1-0)]

= -$908.50

<em>Here, it can be clearly denoted that the firm does not need to raise the additional equity .</em>

Explanation:

Given :

Sales = $47,000

Current assets = $5,100

Current liabilities = $6,200

Net fixed assets = $51,500

Profit margin = 5 %

Sales are expected to increase by 3 percent next year

∴

The additional equity financing(AE) can be computed as follow:

AE = Increase in Assets - Increase in Liabilities - Profit × (1- payout ratio)

= [($51,500 + $5,100)×0.03 - ($6,200)×0.03 - ($47,000×1.03×0.05)×(1-0)]

= -$908.50

Here, it can be clearly denoted that the firm does not need to raise the additional equity .

6 0
2 years ago
A company's sales forecast would likely consider all of the following factors except:
mixer [17]

Answer:

The correct answer is letter "C": top management's attitude toward decentralized operating structures.

Explanation:

Sales forecasts have the purpose of providing companies with an idea of how their sales environment is going to be within a specific period. By forecasting, firms obtain objective information from inside and outside the company that allows them to maximize the distribution of their resources to cover the customers' demands in the future.

Thus, <em>an executive's attitude over decentralized operating structures is not relevant for sales forecasting.</em>

6 0
2 years ago
A farmer plans to plant two crops, A and B. The cost of cultivating Crop A is $40/acre whereas the cost of cultivating Crop B is
laila [671]

Answer:

We will plant 165 of Crop A

Explanation:

We will compare the marginal contribution for each crop:  A   B

Profit:                170.00     210

cost of cultivating:  40.00       60

CM per constrain      4.25            3.50

Crop A is better regarding cultivating cost.

Now we analize the labor hours:

Profit:                      170     210

Labor hours per crop 20       25

CM per constrain      8.50       8.40

Because Crop A is better at both constrain resource It will be better to plant only Crop A if possible. As assigning to Crop B will diminish the return on the scarce resourse.

We will see how much can we plant of Crop A

7400 / 40 = 185

3300 / 20 = 165

We will plant 165 of Crop A

which is the maximun we can plant at the given labor hours.

3 0
2 years ago
Broker John is advertising a desirable property that sold months ago to attract buyers. When the buyers ask to see that property
Katyanochek1 [597]

Answer:

Bait-and-switch advertising.

Explanation:

BAIT AND SWITCH ADVERTISING is a type of advertising where a seller of a products or goods deceive a prospective buyer by advertising a product that is desirable in which when the buyer make an effort to purchase the product or ask to see the advertised product the seller will show the prospective buyer available product instead of the advertised product in which the buyer will then find out that the advertised product is unavailable just as in the case of John who advertised a desirable property that was already sold out a months ago in order to attract prospective buyers in which when the advertised product was ask by the buyers he shows the buyer available properties instead which means that this act by Broker John is an example of BAIT AND SWITCH ADVERTISING.

8 0
2 years ago
A coworker tells you that she put the wrong meeting date in a recent e-mail to an investor; subsequently, the investor missed th
arsen [322]

Answer:

C. Accept responsibility.

Explanation:

The readers are more open to bad news when they recognize someone else benefits or for themselves.

6 0
2 years ago
Other questions:
  • ____ is the price a firm paid to acquire an asset.
    6·1 answer
  • Spark Company's static budget is based on a planned activity level of 45,000 units. At the same time the static budget was prepa
    11·1 answer
  • Scotty and Kirk own a speedboat together. They are not related but have been friends since childhood. They own equal shares of t
    8·1 answer
  • Which of the two project below would you pursue, if you based the decision on ROI (Discount rate: 10%)? Project 1 had a cash flo
    11·1 answer
  • Cindy's current year adjusted gross income (AGI) is $300,000 and her current year total tax liability is $60,000. Her immediate
    6·1 answer
  • On January 1, 20X9, Gulliver Corporation acquired 80 percent of Sea-Gull Company's common stock for $160,000 cash. The fair valu
    14·1 answer
  • Calvert Corporation expects an EBIT of $25,300 every year forever. The company currently has no debt, and its cost of equity is
    11·1 answer
  • Assume the November transactions for Camindo Co. are as follows:
    7·1 answer
  • Maggie’s Skunk Removal Corp.’s 2018 income statement listed net sales of $13.8 million, gross profit of $8.70 million, EBIT of $
    5·1 answer
  • In its first month of operations, Concord Corporation made three purchases of merchandise in the following sequence: (1) 650 uni
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!