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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A decline in interest rates is expected to put the economy in recession. This is because with less interest comes less money earned and less spending as a result.
The probability that the first student dressed inappropriately for the football game will be the 10th student checked is <u>3.182%</u>.
<h3>What is probability?</h3>
Probability refers to the chance that an outcome occurs given the possibility of many outcomes.
As a measure, probability represents the ratio of the outcomes from a set of equally likely outcomes.
<h3>Data and Calculations:</h3>
Estimated proportion of students dressed inappropriately = 7%
Number of players for a football game = 22 (11 x 2)
Probability that the first one dressed inappropriately will be the 10th = 0.031818 (0.07 x 10/22).
Thus, the probability that the first student dressed inappropriately for the football game will be the 10th student checked is <u>3.182%</u>.
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Answer:
Retained earnings on the December 31, 2019: $253,000
Explanation:
Ending balance in retained earnings is calculated by using following formula:
Ending balance in retained earnings = Beginning balance in retained earnings + Net income - Cash dividends - Stock dividends
Grizzly Company had Retained Earnings at December 31, 2018 of $210,000. Beginning balance in retained earnings at January 01, 2019 is $210,000
Net income = Revenues - Expenses = $410,000 - $355,000 = $55,000
Ending balance in retained earnings = $210,000 + $55,000 - $12,000 = $253,000
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2121211212122121212121212
Explanation:
21
