Answer:
Misrepresentation & Fraud:
a) Elements for Fraudulent Misrepresentation:
1) A representation was in fact made: This means that it was not just a mere opinion expressed by the party misrepresenting.
2) That particular representation was false: The statement made was untrue.
3) The defendant had knowledge that the representation was false: The misrepresentation was intentional on the party of the defendant.
4) The statement was made with the intention that the other party rely on it and enter into a contract or agreement: The defendant was out to induce the other party to enter the contract.
b) Kahn committed a fraud since he intentionally induced Lischner to contract on the basis of fraudulent misrepresentation. The remedy available for Lischner is to rescind the contract.
Explanation:
a) Fraudulent misrepresentation is the presentation of false facts by someone who attempts to persuade another into action with the intent to deceive. The remedy available to the deceived party is to rescind the contract or to plea for damages.
b) According to the britannica.com, "Fraud, in law, is the deliberate misrepresentation of fact for the purpose of depriving someone of a valuable possession."
Answer:
Accrued revenues for the first year: $ 454.5
Explanation:
1,818 is the value of 36 months of subscriptions.
Therefore, the value of a month is $ 1,818 / 36 months = $ 50.5
Garcia will recognize revenue as time past, each month will accrue a month of earnings.
For the first year will accrued from April 1st to December31th
That is 9 months:
50.5 per month x 9 months = 454.5
(Coming from a non-expert) Miller Company shouldn’t only rely on this product and should periodically develop products that compete with their best-selling product evaluating their effectiveness on doing so. This is one of the many approaches the trillion company (Apple) has used throughout the years (making an Apple Watch so you don’t have to use your iPhone as often, improving the size and battery of the iPhone so you won’t need to use your iPad, improving the processing power of iPads so you won’t have to carry your MacBook everywhere and so on).
I've known rent to be considered a taxable income in the year received. It's taxable income that would get claimed on income tax returns.
Answer: mary will pay $0 and her employer will pay $7.20
Explanation:
Federal unemployment rate = 0.6%
Gross income as of 31/12/19 = $5800
Maximum amount = $7,000
Mary's gross earning
as at 15/12/19 = $3,000
Employer's pay = rate × ( $7,000 - $5,800)
0.6% × $1,200
0.006 × $1,200 = $7.20