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1 year ago

Guido and hal want to rescind their contract under which guido sold hal a mountain bike for $100. To rescind the contract.

Business

1 answer:

True [87]1 year ago

8 0

Guido must return the $100 and Hal and must return the bike.

What does it mean to rescind the contract?

Cancellation of a contract.

Rescission may be unilateral, as when a party rightfully cancels a contract because of another party's material breach.

Rescission can also be mutual, as when the contracting parties agree to discharge all remaining obligations.

What is an example of rescind?

Rescind is defined as to cancel or make something void.

An example of rescind is someone calling off their wedding. verb. 2. To cancel a contract, whether unilaterally or by mutual agreement and restore both parties to status quo ante (the positions they would have been in if the contract had never existed).

Learn more about rescind here:

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Label the following statements as True or False.

kumpel [21]

Answer:

1. All else equal, countries with more natural resources have a higher GDP per capita than those with few natural resources. - True

All else being equal (ceteris paribus), if a country is endowed with more natural resources, it will have a higher GDP per capita than a country with less natural resources, because it will be able to trade and transform those natural resources for a lower cost, allowing it to produce more goods and services.

2. Over the past two hundred years, improvements in productivity have offset lost productivity reduction due to less land being available. - True

This statement is true. In the modern-era, thanks to the green revolution, and other technological improvements, more food can be produced in less land. Many analysts coincide that if the green revolution had not come about, humanity would have been subject to permanent famine.

3. The key to prosperity in the 20th century is an economy rich in natural resources. - False

The key to prosperity in the 20th century is simply producing more goods and services, and human capital has been seen as a more important factor for this than natural resources. For example, countries that are poor in natural resources and are rich such as Japan and South Korea, are so because they have very well-educated populations that produce high quality goods and services.

4. Human and physical capital are only beneficial to an economy when there is an abundance of natural resources in the economy. - False

Human and physical capital can benefit an economy even in the absence of natural resources, because natural resources can be imported. Again, the example of Japan works because the island nation is poor in natural resources, but rich in human capital, and not so deprived of physical capital, and has managed to become a developed nation by highly compex finished goods for natural resources.

6 0

3 years ago

Sally wanted to replace the old carpet in her home. She entered into a contract with Good Carpet Co. for the purchase and instal

Olin [163]

Answer:

B) The contract rules of the UCC apply, because the predominant purpose of the contract was sale of goods.

Explanation:

The contract doesn´t include in its mayor part provision of services. And Sally wanted to sue Good Carpet for the services that they provided, not for the good it sells.

5 0

3 years ago

Ted, a project manager, wants to invest in a project with an initial cost of $58,500 and cash flows of $32,400 and $38,500 in Ye

Art [367]

Answer:

The project will not be approved

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator

Cash flow in year 0 = $-58,500

Cash flow in year 1 = $32,400

Cash flow in year 2 = $38,500

IRR = 13,41%

profitability index = 1 + (NPV / Initial investment)

Net present value is the present value of after-tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

Cash flow in year 0 = $-58,500

Cash flow in year 1 = $32,400

Cash flow in year 2 = $38,500

I = 10%

NPV = $2,772.72

PI = 1 + $2,772.72 / $58,500 = 1.04

The project will not be approved because the PI is less than the amount of return the boss wants even though the IRR is less than the discount rate

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

4 0

3 years ago

Gerard is a mid-level manager who believes that people do not like to work and try to avoid it. He therefore controls, directs,

liq [111]

Answer:

The correct answer is c. McGregor's Theory X.

Explanation:

Theory X is defined by Douglas McGregor in his 1960s book "The Human Side of Enterprise" as an <em>authoritarian</em> style of management. In the book, McGregor explains that styles of management are greatly influenced by how the manager views people. Theory X is based on the view that workers are inherently lazy and unmotivated, prefer to be directed, do not like to take responsibility and dislike to work in general. In this style of management, it is assumed that the only way to push employees to work is to provide them with incentives or punishments, according to their performance. Also, authority is centralized on a select few and employees are strictly controlled and supervised.

In this particular case, Gerard fits the Theory X style of management, as he coerces and threatens employees to push them to do their jobs. He has the belief that people don't like to work and avoid it.

6 0

2 years ago

When determining the markup to be used in a cost-plus pricing formula, many companies base the markup on a target: return on inv

Grace [21]

Answer:

return on investment

Explanation:

At the time of calculating the markup that used for the formula of cost plus pricing many companies would base the markup on the target return on investment as the return on investment considered the net operating income as it takes after considering all the other type of cost

Therefore as per the given situation the first option is correct

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3 years ago