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VLD [36.1K]
3 years ago
13

2. Mr Ralston, a retired postal worker, took his trolley to the check-out at Tip-Top Supermarket. When the cashier started to en

ter his purchases in the cash-register, Mr. Ralston realized that he had forgotten his wallet at home and stopped the cashier from tallying his groceries. The cashier called his supervisor and reported the incident. The supervisor insisted that Mr Ralston had committed himself to purchasing the groceries and was obligated to pay for the goods. Furthermore, he threatened to take legal action against Mr Ralston if payment was not immediately forthcoming for the items bought.
a. i. Did Mr Ralston’s action constitute a contract?
ii. Give ONE reason to support your view.
b. Describe TWO essential features of a simple contract which should be taken into account
in this case.
c. i. State whether the supervisor would be likely to succeed should he proceed with
legal action.
ii. Discuss whether top management is likely to agree with the supervisor’s position.
Can someone please help me with this. Thank you!
Business
1 answer:
salantis [7]3 years ago
3 0

Mr Ralston’s action didn't constitute a contract in this case,since he hasn't taken the goods away and the groceries haven't been tallied.

<h3>What is a contract?</h3>

It should be noted that a contract simply means an agreement between private parties that's enforceable by law.

In this case, Ralston’s action didn't constitute a contract in this case,since he hasn't taken the goods away and the groceries haven't been tallied.

The features of a contract that should be taken into consideration include acceptance and internation to create legal relations.

The supervisor would not likely succeed should he proceed with legal action.

Learn more about contract on:

brainly.com/question/5746834

#SPJ1

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Answer:

Pages and pages of detailed facts and figures

Explanation:

Endless pages of detailed fact and figures are not necessary for a new small business a concise and financial information should suffice.

There are three primary parts to a business plan:

The first is the business concept, where you discuss the ibusiness you are in to, your business structure, your particular product or service, and how you plan to make your business a success.

The second is the marketplace section, in which you describe and analyze potential customers (target market): who and where they are, what makes them buy and so on. Your unique niche and selling point Here, you also describe the competition and how you'll position yourself to beat it.

The financial section contains your income and cash flow statement, balance sheet and other financial ratios, such as break-even analyses. This part may require help from your accountant and a good spreadsheet software program.

3 0
3 years ago
Sentinals FC, a soccer club, is hiring new players. The applicants are required to be of a certain height and physical build to
STatiana [176]

Considering the situation described in the question, the phrase that exemplified the situation is "disparate impact."

This is because the disparate impact is a phenomenon or situation that occurs when some policies or decisions are made in a neutral sense.

However, the effect of such policy appears to affect a certain set of people, thereby appearing as if it is discrimination.

In other words, a disparate impact is a form of unintentional discrimination that is originally established as impartial policies or regulations that are made generally but whose effects appear to affect a certain set of people.

In this case, the policy made by Sentinals FC on hiring new players affects a certain set of people.

Hence, in this case, it is concluded that the correct answer is "disparate impact."

Learn more here: brainly.com/question/20510564

8 0
3 years ago
Dribbling in field hockey is when you.
Talja [164]

Answer:

Dribbling is a technique used in field hockey to move the ball forward using small touches with a hockey stick.

3 0
2 years ago
Consider two stocks, A and B. Stock A has an expected return of 10% and a beta of 1.2. Stock B has an expected return of 14% and
barxatty [35]

Answer:

B; it offers an expected excess return of 1.8%

Explanation:

Here are the options :

A; it offers an expected excess return of .2%A; it offers an expected excess return of 2.2%B; it offers an expected excess return of 1.8%B; it offers an expected return of 2.4%

to determine which stock is the better buy, we have to calculate the expected return of the stocks using CAPM

According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)

Stock A = 5% + 1.2(9% - 5%) = 9.8%

Stock B = 5% + 1.8(9% - 5%) = 12.20%

The next step is to determine the excess return

stated expected return - calculated expected return = excess return

Stock A's excess return = 10% - 9.8% - 0.2%

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8 0
3 years ago
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olasank [31]

Answer:

The correct answer is: monetary value of all final goods and services produced within the borders of a nation in a particular year.

Explanation:

GDP of a nation can be defined as the monetary value of all the goods and services that are produced within the geographical boundaries of the nation in a year.

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6 0
3 years ago
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