1answer.
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
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

You might be interested in
California real estate licensee carmen has an mlo endorsement on her license. which of these actions is she required to take?
a_sh-v [17]

She is required to include her MLO unique identification number on her business cards. Carmen is required by the law governing mortgage loan originators to include her distinctive identification on her business cards, but, not on real estate signage.

The first step in obtaining a mortgage is to speak with a loan originator, often known as a mortgage loan originator (MLO). An MLO's initial task is to convince you that working with them is your best alternative for borrowing money. The second is to direct you toward the settlement table. A loan originator is mostly a salesperson and just secondarily a loan approval chaperone.

The MLO, the borrowers, the processors, underwriters, and closers are all focused on the same successful end since mortgage loan approval is a team sport. Managing the team is the responsibility of the Loan Originator or MLO.

To know more about MLO refer here:

brainly.com/question/28079837

#SPJ4

8 0
1 year ago
What is Laissez faire ?
Zinaida [17]
We had it and lost it due to the concepts that people thought businesses had to much free reign to do what they wanted so the government started passing regulations de facto giving the freedom that businesses had and making it power for the government.


4 0
3 years ago
Read 2 more answers
Which of the following budgets are needed to calculate unit product costs? Direct labor budget Direct materials budget Cash budg
kodGreya [7K]

Answer:

The following budgets are needed to calculate are as follows:

Direct labor budget

Direct materials budget

Manufacturing overhead budget

Explanation:

The three budgets put together are known as production budget which are as a result of sales budget.

When a company determines its projected sales ,it goes ahead to  prepare its production budget in order to fulfill forecast sales as contained in the sales budget.The quantity to be manufactured is based on the opening inventory for the period, forecast sales quantity as well as the desired ending inventory quantity.

In order to determine production level,the opening inventory is added to forecast sales and desired ending inventory is subtracted to arrive at the estimated production units for the period.

8 0
2 years ago
A young college student was making a purchase at her local department store. The clerk suggested that she would get an additiona
zloy xaker [14]

Answer: a. Reports indicate that students are particularly vulnerable to these tactics. If you fail to pay off the balance, you end up paying much more than the original purchase price for your items.

Explanation:

Even though financial advice is usually tailormade for the individual, a financial expert would most likely give this advice to a student because students are indeed vulnerable to such tactics.

They would be more prone to spend more in the store as a result of the credit card and this will lead to them being unable to pay off balances which will then lead to them paying much more than the original price they would have paid.

4 0
2 years ago
The earnings of an investor-owned corporation can be subject to double taxation.
oksano4ka [1.4K]
<span>This is true. One of the biggest disadvantages of corporations is the fact that they are subject to double taxation. Double taxation is when a company or person declares a taxable income, transaction or asset and then two or more jurisdictions then tax that income.</span>
5 0
3 years ago
Other questions:
  • Which of the following actions has NO impact on your credit score?
    13·1 answer
  • Ratio analysis:___________.
    11·1 answer
  • In a QSPM​ analysis, would it ever be appropriate or useful for a company not to include a weight column at​ all, but rather tot
    10·1 answer
  • Which of these inventory changes would be accounted for prospectively? Select one: a. FIFO to LIFO, but not LIFO to FIFO b. LIFO
    12·1 answer
  • When Claire purchased her new cell phone, she was offered an opportunity to purchase a car charger and a cover together at a red
    9·2 answers
  • Which of the following is a condition in the general environment that if exploited effectively helps a company reaches strategic
    14·1 answer
  • Paying for a WiFi Network. Consider a small town with 1,000 households. The town could install a wireless WiFi network that woul
    11·1 answer
  • Money includes only the few types of wealth that are regularly accepted by sellers in exchange for goods and services. true or f
    11·2 answers
  • (ASAP NEED THIS NOW!)
    15·2 answers
  • Two main reasons a company will market its products are to _____. (Select all that apply)
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!