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iren2701 [21]
2 years ago
12

What are the five essential elements of an enforceable contract according to roger 2012 essentials of business law?

Business
1 answer:
Dmitry [639]2 years ago
3 0

A legitimate contract must have all necessary aspects such as an offer, its ,  meeting of minds, acceptance, communication, consideration, capacity, and legality.

Enforceable contracts can be enforced, especially when lawful or valid creditors have enforceable contract rights.

Valid contracts, invalid contracts, voidable contracts, unlawful contracts, and unenforceable contracts are the five types of contracts based on validity. A valid contract is one that is legally enforceable, whereas a void contract is one that is not legally enforceable and imposes no duties on the parties concerned.

Therefore, the answer is given below:

  1. Meeting of minds
  2. Acceptance
  3. Communication
  4. Consideration
  5. Capacity, and legality.

To know more about enforceable contract click here:

brainly.com/question/22410251

#SPJ4

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Zibba Company enters materials at the beginning of the process. In January, there was no beginning work in process, but there we
ruslelena [56]

Answer:

units started less 200.

Explanation:

Unit at which the process is started on the beginning of January minus the closing inventory is the number of completed units in work in process when there is No beginning Work in process.

Using following formula we will calculate the Units completed in WIP.

Work in process Closing Inventory = Opening WIP + Addition during the period - Completion during the period

200 units = $0 + Addition during the period - Completion during the period

Completion during the period = Addition during the period - $200 units

In the absence of Beginning Inventory the the addition during the period is the number of unit at which the process is started.

7 0
3 years ago
Assume you are running a paid campaign and your original budget was $50,000 for the month. It's a 31-day month and you have spen
mash [69]

Answer: $2750

Explanation:

The original budget was $50,000 for the month, $20,000 has been spent already after which there was a revision of the monthly budget to $75,000.

Since $20000 has been spent, the remaining budget will be:

= $75000 - $20000

= $55000

Also, the money was spent for 11 days, therefore the number of days remaining will be:

= 31 - 11

= 20 days.

Therefore, the new daily budget for the month will be:

= $55,000 / 20 days

= $2,750

8 0
3 years ago
Hello guys I'm Filipino ​
zlopas [31]

Answer: Nice, today is my birthday :D

Explanation:

I’m mexican :)

4 0
3 years ago
Read 2 more answers
Preferred stock is a hybrid, a sort of cross between a common stock and a bond in the sense that it pays dividends that normally
saveliy_v [14]

Answer:

The correct answer is False because preferred dividends don't normally grow.

Explanation:

The preferred stock is an action that gives the holder an extra privilege, usually of an economic nature, with respect to what we commonly know as ordinary shares.

For example, the holder of a preferred stock has a higher hierarchy in the collection of dividends or in the distribution of the remaining equity in the event of bankruptcy by the company.

As with ordinary shareholders, preferred shares do not expire, but however, unlike ordinary shares, preferred shares do not legitimize their right to vote at ordinary or extraordinary shareholders meetings, nor do they assign some participation in the capital of the company. Likewise, the profitability of preferred shares is also not guaranteed, because it is linked to obtaining benefits.

5 0
3 years ago
Why do internal economies of scale lead to imperfectly competitive​ industries? A. Patent laws prevent firms from entering the
tia_tia [17]

Internal economies of scale lead to imperfectly competitive industries because large firms have cost advantages over small firms, so the correct answer is B.

Economy of scale is the economic advantage that is realized by operating on a larger scale. In general, the average cost per unit of output decreases with increasing scale because fixed costs are spread over more units of output. Operational efficiency is also often greater with increasing scale, which in turn leads to lower variable costs.

When an industry is characterized by economies of scale, it can lead to a monopoly or oligopoly. Only large companies can then produce economically, which means that the barriers to entry for new market players are high.

Learn more in brainly.com/question/17326273

4 0
3 years ago
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