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 do Government price ceilings and price floors affect the economy? Select all that apply.
serg [7]
The following options are correct: A, B AND C.
Price ceiling and price floor are two price control methods which the government used to control price. Price ceiling is used to prevent prices from been too low while price floor is lowest price a commodity can be sold for .
7 0
3 years ago
M&M Proposition I with tax implies that:
Savatey [412]

Answer:

D. A firm's weighted average cost of capital decreases as the firm's debt-equity ratio increases.

6 0
3 years ago
if Alexis invest $2,000 into a fund that earns 5.5% interest compounded annually, how long will it take for her investment to gr
madreJ [45]

Answer:

73 years

Explanation:

To solve this problem, we can use the formula for the annual compound interest, which is:

A=P(1+r)^t

where:

A is the final amount after time t

P is the principal

r is the rate of interest

t is the time

In this problem, we have:

P=\$2000 is the principal

r=0.055 is the interest rate (5.5%)

We want to find the time t at which the amount of money is

A = $100,000

Therefore, we can re-arrange the equation and solve for t:

(1+r)^t=\frac{A}{P}\\t=log_{1+r}(\frac{A}{P})=log_{1+0.055}(\frac{100,000}{2000})=73

So, it will take 73 years.

3 0
3 years ago
Imagine that you own a property that is exactly 2.2 acres large. You want to sell your property, but your realtor tells you that
BlackZzzverrR [31]

Answer:

8,000 m²

Explanation:

you must first change the size of your lot from acres to square miles = 2.2 acres / 640 acres per square miles = 0.0034375 square miles

now we can convert to square kilometers = 0.0034375 miles x 2.56 square kilometers per square miles 0.0055 square kilometers

there are 1,000,000 m²´per km², so you have 0.0088 km² x 1,000,000 = 8,800 m²

7 0
3 years ago
What resourse is both renewable and inexpensive?<br><br> gold<br> coal<br> lumber<br> mineral
balu736 [363]
Minerals. Plants contain minerals and it's inexpensive which means it's not that much expensive. Minerals are all around is. Ur welcome.
8 0
3 years ago
Other questions:
  • A contingency reserve is money assigned to the project and allocated for identified risks for which contingent responses are dev
    6·1 answer
  • Financial contracts involving investments, mortgages, loans, and so on are based on either a fixed or a variable interest rate.
    13·1 answer
  • Ayayai Corporation has outstanding 400,000 shares of $10 par value common stock. The corporation declares a 100% stock dividend
    6·1 answer
  • Selected information from Large Corporation's accounting records and financial statements for 2013 is as follows ($ in millions)
    14·1 answer
  • Please Help. Career Explorations
    6·1 answer
  • The following is a report from a not-very-efficient BLS survey taker: "There were 105 people in the houses I visited. 26 of them
    7·1 answer
  • An improvement in a country's balance of payments means a decrease in its balance of payments deficit, or an increase in its sur
    11·1 answer
  • The delivered-equipment cost for a fully equipped CNC machining system is $4.2 million. The direct cost factor is 1.52 and the i
    5·1 answer
  • “All cheques are bills but all bills are not cheque” –Explain
    7·1 answer
  • According to the law of supply - as the price of a good - service - or resource rises:______.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!