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1 year ago

Genuineness, or reality, of agreement is said to be present in a contract when there is?

Business

1 answer:

hichkok12 [17]1 year ago

8 0

The correct answer is a true meeting of the minds.

Genuineness, or reality, of agreement is said to be present in a contract when there is a true meeting of the minds.

What is Genuineness or reality of aggreement?

Genuine Consent may be a total understanding between two competent parties.
A party who illustrates that he or she did not truly consent to the terms of a contract may void the contract.
Veritable consent may be missing due to botch, false distortion, undue impact or pressure.
All parties must lock in within the assention openly. A contract may not be upheld on the off chance that one or more parties have made botches within the dialect.
Moreover, a contract may be voided in case one party has committed extortion or applied undue impact over another.
For case, you sign a contract in which you concur to offer your house to your next-door neighbor for $1. Once you marked the contract, your neighbor was undermining you. Clearly, you made the understanding beneath pressure, so the contract isn't substantial.

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Without feedback, leaders can miss important signals that something is going wrong.
A communication path between them and their employees (a feedback) is very important in order the leaders to be successful and to achieve the desired results and goals.

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2 years ago

Yvette is considering taking out a loan with a principal of $16,200 from one of two banks. Bank F charges an interest rate of 5.

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Yvette should choose Bank F’s loan if she wants more about lower monthly payments, and she should choose Bank G’s loan if she wants more about the lowest lifetime cost.

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The government imposed a fine on the Not-So-Legal Company. The fine calls for a payment of $100,000 today, $150,000 one year fro

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Answer:

The amount after 2 years will be $460590

Explanation:

The payment which is done 2 year from today = $200000

The payment which is done one year from today = $150000

Rate of interest = 3 %

So the amount after 1 year

$A=P(1+\frac{r}{100})^n=150000(1+\frac{3}{100})^1=$154500$

The amount which is done today = $100000

So amount after 2 years

$A=P(1+\frac{r}{100})^n=100000(1+\frac{3}{100})^2=$106090$

So total amount after 2 years = $106090+$154500+$200000 = $460590

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2 years ago

The managerial accountant at Safety, Inc. prepared a Flexible Budget Performance Report. The managerial accountant noticed a $5,

alexandr1967 [171]

Answer:

The managerial accountant found out that the cost of the units previously sold was higher than the selling price per unit.

If the variance is unfavorable, it means that the total budgeted costs were larger than the total budgeted revenue. In this case the variance was $5,600 unfavorable. We are not told how many units were sold but it is obviously a mistake to sell products at a lower price than COGS. So the previous flexible budget was not properly prepared.

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