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1 year ago

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

1 answer:

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:

Meeting of minds
Acceptance
Communication
Consideration
Capacity, and legality.

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The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2021, the end of its fiscal y

ruslelena [56]

Answer:

$13,000 is the year-end balance in retained earnings for K and J Nursery, Inc.

Explanation:

Total Assets = Cash + Account Receivable + Inventory + Equipment

Total Assets = 35,000 + 30,000 + 44,000 + 99,000

Total Assets = 208,000

Total Liabilities = Account Payable + Salaries Payable + Interest Payable + Note Payable

Total Liabilities = 33,000 + 14,500 + 10,500 + 49,000

Total Liabilities = 107,000

Total Assets = Total Equity + Total Liabilities

Total Equity = Total Assets - Total Liabilities

Total Equity = 208,000 - 107,000

Total Equity = 101,000

Retained Earning = Total Equity - Common Stock

Retained Earning = 101,000 - 88,000

Retained Earning = 13,000

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2 years ago

Some interviewers may use questions to lead the client and sell their own points of view. This is known as ________. a. questio

mars1129 [50]

Answer:

The correct answer is letter "A": questions as statements.

Explanation:

Using questions as statements is a selling technique in which the salesperson allows the prospective buyers to lead the interview by their ideas about a project so they implicitly assume they are having the approval of the salesperson on their thoughts which will make them feel more comfortable about the product, thus, increasing the possibility of them making the purchase. Clerks must make sure that most of the ideas of the buyers match the product they are attempting to acquire no to give consumers a false expectation.

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3 years ago

the length and Length breadth and height of a room in a house are 8m 6m and 4m respectively the house on a decides to paint the

trasher [3.6K]

Answer:

$Cost\ of\ 112m^2 = 4.48$

Explanation:

Given

<u>Dimension</u>

$Length= 8m$

$Breadth = 6m$

$Height = 4m$

Cost per $m^2$ = 0.04

Required

Determine the total cost to paint 4 walls

First, we need to calculate the area of the 4 walls.

$Area = 2*(Length * Height) + 2 *(Breadth * Height)$

Substitute values for Length, Breadth and Height

$Area = 2*(8m* 4m) + 2 *(6m* 4m)$

$Area = 2*(32m^2) + 2 *(24m^2)$

$Area = 64m^2 + 48m^2$

$Area = 112m^2$

Cost per $m^2$ = 0.04.

$Cost\ of\ 112m^2 = 112 * 0.04$

$Cost\ of\ 112m^2 = 4.48$

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3 years ago

Bellucci Corporation has provided the following information: Cost per UnitCost per Period Direct materials$6.70 Direct labor$3.5

Nikolay [14]

Answer:

The incremental manufacturing cost that the company will incur if it increases production from 10,500 to 10,501 units is closest to $11.40

Explanation:

It is important to note that the question requires The incremental manufacturing cost that the company will incur if it increases production from 10,500 to 10,501 units

From Production of 10500 units to 10501 units, there is an increment of 1 unit.

<u>Lets find the incremental cost of 1 unit.</u>

1.To do this we only consider variable manufacturing costs only.

2.Since increase is within the relevant range, the fixed manufacturing overheads do not change.

3.Also Ignore all non- manufacturing overhead as they do not form part of manufacturing costs.

Extra 1 Unit

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Total Cost $11.40

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