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xxTIMURxx [149]
2 years ago
13

BUSINESS LAW- TRUE OR FALSE

Business
1 answer:
Bas_tet [7]2 years ago
6 0

A statement that is valid according to law of contract will be termed true while an invalid one is termed false.

<h3>Validity of the statements</h3>

  1. Under the UCC, a contract will generally fail because one or more terms are left open, (TRUE)
  2. A contract without a quantity term is valid. (TRUE)
  3. A contract for services is specifically covered by the UCC. TRUE
  4. Whether there has been an offer is determined by a subjecive standard. TRUE
  5. A says to B: "I am going to sell my car for $2,000." B says: "I accept, here is my check." There is a contract. TRUE
  6. Offers made in jest are always invalid. FALSE
  7. B agrees to buy all of her requirements from S. S agrees. The contract fails for lack of a definite quantity term. TRUE
  8. A writes to B: "I will offer you S20 a week if you will give violin lessons to my son. You have 30days in which to reply to this offer." B is still thinking about it when a purporis to revoke 15days later. B can nonetheless accept. TRUE
  9. When an offeree learns from a third party that the offeror has sold the goods. the offer is re-voked. TRUE
  10. The modern view is that once the offeree of a unilateral contract begins to perionin, the offeror may not revoke his promise. FALSE
  11. An offer continues until there is an express revocation of the offer. TRUE
  12. A offers to sell his watch to B for 100. B says she will take it for 575. B may laier accept the offer for S100. TRUE
  13. A offers to sell his watch 10 B for $100.1 gives a 55 to keep the offer open. A may not revoke. TRUE
  14. Under the UCC, a non-merchant may make her offer irrevocable without consideration. TRUE
  15. In general, an offeree must affirmatively convey his or her intention to accept an offer to enter into a bilateral contract TRUE
  16. A says to B:"If you paint my house, I will give you 5100." B promises to paint a's house. Thereis a contract. TRUE
  17. At common law, an offeree may request additional terms in accepting the offer. TRUE
  18. Merchant S accepts Merchant B's offer with an additional clause providing for reasonable interest for overdue invoices. The additional clause is part of the contract. TRUE
  19. Revocation of an offer sent by mail is elfective upon receipt. TRUE
  20. lla ained for forbearance of a legal right will constitut esileration TRUE
  21. B agrees to buy a house offered by S if B gets a bank loan. There is a contract TRUE

<h3>Law of contract</h3>

Law of contract is an agreement between private parties creating mutual obligations enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.

learn more about law of contract: brainly.com/question/984979

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Cameron has a small graphics design business that specializes in customizing social websites. The business is growing; however,
Veronika [31]

Answer: Introducing mass production methods into his business.

Explanation:

As the given information suggests that Cameron has a small graphic design business. He is responsible for customizing social websites which is a creative and time consuming task. This also require a lot of thinking and innovation skills. At the verge of expanding his business he should avoid mass production as this will likely to reduce his quality of production and limit his creativity.

4 0
3 years ago
Corey notices a "backlash" against health food among people who eat out. He decides to open a restaurant that stresses "good hom
Llana [10]

Answer:

<u>Opportunity</u>

Explanation:

Corey notices a "backlash" against health food among people who eat out. He decides to open a restaurant that stresses "good home cooking" heavy with gravies , bread , oils , etc. Corey has identified and is trying to capitalize on an opportunity in the market environment.

O<em>pportunities are external thin</em>g .<em> You have to look for them , it is not something which come to you by it own .Instead you have to work hard for </em>it.

You should have the full knowledge about the external environment . You should have the knowledge about the market about people and should know about the taste and preferences of the people.

There is always an opportunities you just need to identify it . Here <em>Corey identify the need and he have the means to fulfill that need which als</em>o <em>essential</em> . Only identifying the opportunities is not the only thing but also you have the means to fulfill them . After that you can gain benefits.

7 0
3 years ago
That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified
daser333 [38]

The answer is:<span>
"Trial Balance"

The full sentence will be as follow:
That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified through a trial balance.
Trial Balance means a statement with all the debits and credits in an account book along with the mention of any difference showing a mistake.</span>

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3 years ago
Will feckless unexpectedly inherits $10,000 from a rich uncle. he is observed to consume fewer hamburgers than he used to.
daser333 [38]
<span>This would show that Will does not have a homothetic preference for hamburgers. Such preferences are shown to not be effected by income or scale, and since Will has changed his eating preferences based upon this new source of income, such a description would not fit this good.</span>
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3 years ago
What factor is usually agreed upon prior to the submission of a purchase order?
tester [92]

Answer:

number of products to be purchased

Explanation:

A purchase order is prepared by a customer and addressed to a trader.  The document instructs the trader to supply the customer with the goods stated in the purchase order document.

Before a customer writes the purchase order, an agreement is made on the quantity to be ordered. The trader has to confirm that they have the required quantity in the stores, or it will be availed within a reasonable time.

The price is agreed at the quotation stage. The customer first sends an inquiry, which the customer responds to with a quotation.

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