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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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The standard cost of product 777 includes 2.9 units of direct materials at $6.8 per unit. During August, the company bought 29,2
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Answer:

Total Material Variance = $1,636 Favorable

Material Price Variance = $2,920 Unfavorable

Material Quantity Variance = $4,556 Favorable

Explanation:

Total Material Variance = Standard Cost - Actual Cost

Standard Cost = Standard units \times Standard Price

Standard Units = 10,300 \times 2.9 = 29,870 units

Standard cost =  29,870 \times $6.8 = $203,116

Actual Cost = 29,200 \times $6.90 = $201,480

Total Material Variance = $203,116 - $201,480 = $1,636 Favorable

Material Price Variance = (Standard Rate - Actual Rate) \times Actual Units

= ($6.8 - $6.9) \times 29,200 = - $2,920 Unfavorable

Material Quantity Variance = ( Standard Units - Actual Units) \times Standard Price

= (29,870 - 29,200) \times $6.8

= $4,556 Favorable

Final Answer

Total Material Variance = $1,636 Favorable

Material Price Variance = $2,920 Unfavorable

Material Quantity Variance = $4,556 Favorable

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Answer:

<u>C</u>

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true

Explanation:

try mo sa Google para me idea kpa

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