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
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

You might be interested in
When a corporation distributes assets of the company to its investors, it is referred to as a(n) Multiple choice question. optio
arsen [322]

Answer: dividend

Explanation:

8 0
2 years ago
The units of an item available for sale during the year were as follows: Jan. 1 Inventory 2,500 units at $5 Feb. 17 Purchase 3,3
svet-max [94.6K]

Answer:

The answers are:

A) Using FIFO, the inventory cost is $11,700

B) Using LIFO, the inventory cost is $7,500

C) Using ACV, the inventory cost is $9,435

Explanation:

<u>Date</u>              <u>Units purchased</u>     <u>Unit price</u>         <u>Total purchase</u>

Jan. 1              2,500 units            $5 per unit           $12,500

Feb. 17            3,300 units            $6 per unit           $19,800

July 21            3,000 units            $7 per unit           $21,000

Nov. 23          1,200 units             $8 per unit           $9,600

TOTAL           10,000 units                                        $62,900

At December 31, 1,500 units were left in the physical inventory

  • Using FIFO, the inventory cost is $11,700 [= (1,200 units x $8 per unit) + (300 units x $7 per unit)]
  • Using LIFO, the inventory cost is $7,500 (= 1,500 units x $5 per unit)
  • Using ACV, the inventory cost is $9,435 [= ($62,900 / 10,000 units) x 1,500 units]
5 0
3 years ago
Last year, Valley Manufacturing reported sales of $800,000, net operating income of $40,000, and average operating assets of $40
Elza [17]

Answer:increase, 10%, 12%

Explanation:

7 0
3 years ago
Suppose Nationwide increases the insurance premium they charge for their auto policies by 12 percent. In​ response, the demand f
Ahat [919]

Answer:

0.794

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

Cross price elasticity of demand = percentage change in quantity demanded of good A / percentage change in price of good B

Midpoint change in quantity demanded = change in quantity demanded / average of both demands

change in quantity demanded = 3300 - 3000 = 300

average of both demands = (3300 + 3000 ) / 2 = 3150

300/3150 = 0.095238 = 9.5238%

Cross price elasticity = 9.5238% / 12% = 0.794

If cross price elasticity of demand is positive, it means that the goods are substitute goods.

If the cross-price elasticity is negative, it means that the goods are complementary goods.

6 0
3 years ago
In China, Starbucks is standardizing its operations while simultaneously decentralizing some decision-making responsibility to l
Liula [17]

Answer:

A. transnational international corporate-level strategy

Explanation:

Transnational international corporate-level strategy -

It refers to the strategy, where the company expand itself globally, by selling the goods and services, and customizing it according to the likes and dislikes of the people in their native surrounding, is referred to as transnational strategy.

It is the combination of multi domestic strategy and a global strategy.

Hence, from the given question,

The correct answer is transnational strategy, as decisions are made according to the taste of the consumers.

4 0
3 years ago
Other questions:
  • Who is the watchdog over spending of funds?
    12·1 answer
  • _____ encourage employees to behave in a socially responsible manner.
    7·1 answer
  • Ocean crossed during the middle passage
    8·1 answer
  • Conventional wisdom says one should measure a manager's investment performance over an entire market cycle. What arguments suppo
    15·1 answer
  • Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: Dire
    13·1 answer
  • The following information was extracted from the 2020 financial statements of Max Company: Income from continuing operations bef
    15·1 answer
  • What is the benefit to manufacturing items with interchangeable parts?
    10·1 answer
  • Prompt<br> What is the difference between liquid and illiquid assets?
    14·2 answers
  • Gail Schneeweis is a nurse at Central City Hospital. She is paid $33.62 per hour and has a 40-hour standard workweek. During the
    15·1 answer
  • Which filter can be used to find a specific project when in the work area?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!