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jenyasd209 [6]
2 years ago
12

Statutes of limitations Group of answer choices define how much money the injured party can sue for under a breach of contract c

laim. define whether there has been substantial performance of a contract or a material breach. limit the time in which an injured party may sue. only apply to the sale of goods. There is no statute of limitations on a service contract.
Business
1 answer:
AysviL [449]2 years ago
5 0
<h3>limit the time in which an injured party may sue. only apply to the sale of goods. </h3><h3 />

The length of time allowed under a statute of limitations varies depending upon the severity of the offense as well as the jurisdiction it is being disputed.

<h3>What is Statue of Limitations ?</h3>

A statute of limitations is a law that sets the maximum amount of time that parties involved in a dispute have to initiate legal proceedings from the date of an alleged offense, whether civil or criminal.

  • Cases involving severe crimes, like murder, typically have no maximum period.

Learn more about Statue of Limitations here:

brainly.com/question/15082085

#SPJ2

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1. Identify various production processes and
rewona [7]

Answer:

D

Explanation:

8 0
3 years ago
CHEGG On November 1, 2021, Ivanhoe Company places a new asset into service. The cost of the asset is $70000 with an estimated 10
e-lub [12.9K]

Answer:

The answer is "6,000".

Explanation:

Depreciation per year:

=\frac{(70000 - 10000)}{10}\\\\=\frac{60000}{10}\\\\ = 6,000

7 0
2 years ago
Which of the following activities are prohibited by the Clayton Act when they lead to less competition? Each of these answers is
mariarad [96]

Answer: All of the Above

Explanation:

The Clayton Act of 1914 was passed to curb unfair business practices as well as to protect the rights of labour.

Some practices that were prohibited when they led to less competition include,

- A firm acquiring a major percentage of the stocks of a competing firm because this could signify an amalgamation of efforts on the part of both firms and they could therefore have some control over Pricing.

-A director from one business sitting on the board of a competing firm because this could lead to cooperating or Corperate espionage.

- A buyer is forced to buy multiple products from a producer in order to get a desired product is expressly forbidden.

5 0
3 years ago
Select the appropriate reporting method for each of the items listed below.
Radda [10]

Answer:

        Items                   ---             Reporting Method

1 . Accounts payable - Current liability

2 . Current portion of long-term debt - Current liability

3 . Sales tax collected from customers - Current liability

4 . Notes payable due next year - Current liability

5 . Notes payable due in two years - Long-­term liability

6 . Advance payments from customers - Current liability

7 . Commercial paper - Current liability

8 . Unused line of credit - Disclosure note only

9 . A contingent liability that is probable likelihood of occurring within the next year and can be estimated - Current liability  

10 . A contingent liability that is reasonably possible likelihood of occurring within the next year and can be estimated - Disclosure note only

6 0
3 years ago
A corporation is incorporated in only one state regardless of the number of states in which it operates.
k0ka [10]

Answer:

(A) True

Explanation:

A corporation just requires a basic incorporation state, through which the legal identity of its incorporation is created. After that it does not require to incorporate in all the states where the business is being conducted.

As per the law, there shall be at-least a different legal identity then that of the individual to conduct such business. Law does not demand separate incorporation.

Thus, the above statement is

True.

5 0
3 years ago
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