A mutual benefit bailment refers to a situation where both the bailee and the bailor benefit.
This is because the parties benefit in a certain way from the bailment contract.
This arises from the fact that there exists an exchange of performances between the parties.
<h3>When there is a bailment for the benefit of the bailee what type of care is required?</h3>
In a bailment for the sole benefit of the bailee, the bailee must use a high degree of care in taking care of the property bailed,must use the property only as agreed, and must return it when the bailment ends.
The bailor has the right to have the property returned in a safe condition when the bailment ends.
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Answer:
An entrepreneur is someone who starts their own business.
Answer:
Household budget for someone aged 25 to 30 is given below.
Explanation:
Income $1,200
Particulars Budget Amount Actual Expense Difference
House Rent $300 $300 0
Utility Bills $85 $93 -8
Groceries $195 $175 20
Clothing expense $50 $78 -28
Entertainment $20 $55 -35
Laundry $5 $6 -1
Study material $10 $25 -15
Answer:
d. $78,140
Explanation:
First, calculate their gas reimbursement: 36,000 x $0.54 = $19,440. Then, add all of the reimbursements up. Total is $78,170. Then, you need to deduct the $600 per month that is being payed each month. That total is $7,200. The total they make would be b. $70,970
Missing Part of Question:
The related graph was not present with the original question, so I am attaching it here.
Explanation:
(a) In a free market, at a quantity exactly equal to , the value of a unit to a buyer is equal to the cost of a unit to a seller. For a quantity below , the value of unit to a buyer is greater than the cost of that product to the seller. Finally, for a quantity above , the value of that unit to the buyer is less than the cost incurred by the seller.
(b) The dumping of toxic chemicals is a typical scenario of Negative Externality which may lead to Market Failure due to poor display of supplier reputation.