Answer:
C) there was an offer, acceptance, and consideration
Explanation:
The doctrine of promissory estoppel requires that the following 5 elements must exist:
- The parties must anticipate that some type of legal relationship will exist between them.
- One party must have made a promise to another party.
- One party must rely on the promise made by the other party.
- The party that relied on the promise made by the other party must suffer a detriment if the promise is not fulfilled.
- Unconscionability
, in other words, there is nothing that forbids the party from performing the promise.
Those are supply curves and demand curves. Supply curves have to meet the production requirements, while demand curves have to meet the consumer's willingness to pay.
Answer:
c and e
Explanation:
those are 2 examples of it
Answer:
In order to determine the Macauly we must complete the following table:
period cash flow PV of Period x
cash flow PV cash flow
1 $3 $2.91 $2.91
2 $3 $2.83 $5.66
3 $3 $2.75 $8.25
4 $3 $2.67 $10.68
5 $3 $2.59 $12.95
6 $3 $2.51 $15.06
7 $3 $2.44 $17.08
8 $103 $81.31 $650.48
Total $723.07
Macauly duration = $723.07 / $87 = 8.31
Modified Macauly duration = Macauly duration / (1 + r) = 8.31 / 1.03 = 8.07
