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
steposvetlana [31]
2 years ago
10

To satisfy the Statute of Frauds, a written contract or agreement must contain a description of the consideration promised.

Business
1 answer:
____ [38]2 years ago
3 0

It is a true statement that a typical written contract or agreement must contain a description of the consideration promised in order to satisfy the Statute of Frauds.

<h3>What is the Statute of Frauds?</h3>

This refers to the legal concept that requires certain types of contracts to be executed in writing.

In the legal field, the Statute of Frauds covers contracts for the sale of land, agreements involving goods worth over $500 and contracts lasting one year or more.

Most times, the Statute of Frauds can be satisfied by any signed writing that:

  • identifies the subject matter of the contract
  • is sufficient to indicate that a contract exists
  • states with reasonable certainty the material terms of the contract.

Read more about Statute of Frauds

brainly.com/question/14854791

#SPJ1

You might be interested in
How do you delete awnsers that people post
Natali [406]

You have to be a moderator. That's all I know.

5 0
3 years ago
Read 2 more answers
This type of managerial planning often involves asking the questions of who, what, where, why and how.
NNADVOKAT [17]
Political Frame is a management style entailing those features.  This answer is needlessly verbose by site requirement.
4 0
3 years ago
Abraham has just purchased his first car. His bank, First State Bank, loaned him the money to buy the car and has required him t
fenix001 [56]

Answer:

Collision

uninsured motorist

comprehensive

liability coverage

Explanation:

From the question, we are informed about Abraham who has just purchased his first car. His bank, First State Bank, loaned him the money to buy the car and has required him to purchase insurance to protect the car as the collateral for the loan. In this case the basic types of coverage Abraham should buy to satisfy the bank requirement and to best protect himself from the risks of operating an automobile are;

✓ uninsured motorist

✓comprehensive

✓liability coverage

Insurance is very essential in protecting an individual or firm from any form of financial loss, it can be regarded as a kind of risk management and it is way to avoid uncertain loss. Then if Adam could buy the coverage he will be protected from loss in future.

3 0
3 years ago
Data concerning Bedwell Enterprises Corporation's single product appear below:
melisa1 [442]

Answer:

unit sales = $3482.49

Explanation:

given data

Selling price per unit  = $240.00

Variable expenses per unit = $99.50

Fixed expense per month = $454,290

monthly target profit =  $35,000

solution

we get here contribution margin that is express as

contribution margin = Sales - Variable cost    ..................1

put here value

contribution margin = $240 - $99.50

contribution margin =  $140.50

so here Target Contribution margin will be

Target Contribution margin = Fixed cost + Target profits    ...............2

put here value

Target Contribution margin = $454,290 + $35,000

Target Contribution margin = $489290

so here unit sales will be as

unit sales = \frac{489290}{140.5}

unit sales = $3482.49

8 0
3 years ago
A will is the final declaration of how a person desires to have her or his property disposed of after death and must follow exac
Aleksandr-060686 [28]

Answer:

The above statement is<u> true</u>.

Explanation:

As said in above statement , A will is the final declaration of how  person desires to have her or his property disposed of after death and must follow exactly the requirements of state law to be effective. A will is good , as it express your feelings , that to whom you want to give your property after your death . It is always provided to that person you choose.

It protect your children from become homeless after your death. It also protect your property from being contested. A will is only valid if it is having number of years after the persons death.

A will should not include future plans, gifts and request , life insurance etc.  

8 0
3 years ago
Other questions:
  • A firm's average cost increases as it increases its output by expanding its plant and hiring additional workers (its only inputs
    15·1 answer
  • Why does a campground at a national park not necessarily count as a public good?
    10·2 answers
  • Frec and dbpr have a primary interest in real estate activity with a common goal of:
    9·1 answer
  • Who cailmed that there has never been, nor ever will be , a people who are poltical ignrant and free?
    11·1 answer
  • A franchise can be among the more expensive business to start because
    14·2 answers
  • Crocker enterprises conducts thorough background investigations of its prospective employees. the purpose of such investigations
    12·1 answer
  • 1. Descriptive statistics ________. quickly describe large amounts of data can predict future stock returns with surprising accu
    14·1 answer
  • How much money does a therapyst make an hour/ and how much would they make in a year
    7·2 answers
  • Reflect on a time when you recently traded or bought an item. Describe this exchange, using the following economic terms: volunt
    5·1 answer
  • If the cpi was 240 in year 1 and 245.1 in year 2, what is the inflation rate between year 1 and year 2?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!