1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marta_Voda [28]
2 years ago
5

Pumps, inc., agrees to assume a debt of quality parts company to reliable finance lp. the agreement is not in writing. to be enf

orceable, the promise must be for the benefit of:________
Business
1 answer:
bezimeni [28]2 years ago
7 0

Pumps, Inc., agrees to assume a debt of Quality Parts Company to Reliable Finance LP. The agreement is not in writing. To be enforceable, the promise must be for the benefit of ​Pumps.

What is debt?

A sum of money due to another by another person, business, etc. Borrowing money to pay for a good, service, or financial asset results in debt (e.g. INSTALMENT CREDIT). Debt contracts include interest charges for the period of the loan and call for the eventual repayment of the amount borrowed.

What happens if a contract is not in writing?

The agreement might not be upheld in court if it does not adhere to the rules for contract writing. The court will frequently rule that a contract does not exist. This implies that no conflicts can be settled in court. If there is a dispute, the parties might be unable to resolve it through the legal system.

Learn more about debt: brainly.com/question/19052808

#SPJ4

You might be interested in
How does competition influence the price of a good to either purchase or produce
Elan Coil [88]

It influence it by lowering the price and if it's by producing then people would want to go to the store that has more of the product that people want.

6 0
3 years ago
Abardeen Corporation borrowed $90,000 from the bank on October 1, 2018. The note had an 8 percent annual rate of interest and ma
TiliK225 [7]

Answer:

Interest paid in cash in 2018 = $0

Interest recognized on the Income statement = $1,800

Liabilities recognized = $90,000

Amount paid for Principal and interest = $93,600

Interest reported on 2019 Income statement = 1800

Explanation:

Interest paid in cash in 2018 is zero because interest and principal were paid in cash on the maturity date.

Interest recognized in 2018 = 90000*0.08*3/12 = $1800

liabilities are recognized at original amount because the interest is not capitalized and no payment made thus far.

Amount paid on maturity date is 93,600 ( 90000 principal, 3600 interest)

interest reported is for three months jan - march

7 0
3 years ago
Mr Chavez has assets of S250.000 and liabilities of $18 000 Hedecides to finance the entire amount of tho purchase of a carvalue
Scorpion4ik [409]
The right answer for the question that is being asked and shown above is that: "Mr Chavez did not increase his assets or his net worth."
<span>Mr Chavez has assets of S250.000 and liabilities of $18 000 Hedecides to finance the entire amount of tho purchase of a carvalued at S20000. That statement is true.</span>
3 0
3 years ago
Read 2 more answers
If the majority of service customers are satisfied, it is likely that all service customers will be satisfied.
Dafna1 [17]

 If the majority of service customers are satisfied, it is likely that all service customers will be satisfied. False

Customer service is the provision of service to customers before, during, and after purchase. This makes it an important part of the customer's value chain. Different industries require different levels of customer service [1], but ultimately, the idea of ​​a well-delivered service is to increase revenue. Awareness of a successful customer service interaction depends on employees who are “adaptive to the customer's personality”. [2] Customer service is often practiced in a way that reflects the company's strategy and values. Good customer service is usually valued by customer loyalty. Customer service is part of a company's intangible assets for some companies and can differentiate them from others in their industry. A great customer service experience can change a customer's overall perception of your company. [3]

Good customer service means consistently meeting customer expectations. Good customer service is fast, easy, personal, and caring. Companies that provide excellent customer service take the time to understand the needs of their unique customer base. J.

Learn more about service customers here

brainly.com/question/1286522

#SPJ4

7 0
2 years ago
Modern machinery encouraged businesses to move out of homes and workshops to factories. True False
Gnoma [55]
False....Get a A lol your welcome
5 0
3 years ago
Other questions:
  • Jennifer is giving a presentation about the results of her microbiology experiment. She is very confident in front of the audien
    14·1 answer
  • You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $1.50 a share at the end
    10·1 answer
  • Although GDP is a reasonably good measure of a nation's output. It does not necessarily include all transactions and production
    11·1 answer
  • 15) Which of the following would usually be found on a job cost sheet under a normal cost system? B) C) D) A) Choice A B) Choice
    12·1 answer
  • Why might a business owner prefer to start a business in a laissez-faire economy? A. because the government will offer incentive
    10·2 answers
  • Which factors can affect a stock's price? Check all that apply.
    9·2 answers
  • Which of the following is an example of investment in capital?
    13·1 answer
  • You are the manager of a firm that sells its product in a competitive market at a price of $50. Your firm's cost function is C =
    11·1 answer
  • Savers make deposits and investments in order to earn what?
    12·1 answer
  • YO Easy question made for kids
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!