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1 year ago

Sonya and taylor enter into an oral contract that is required to be in writing to be enforceable. Such a contract is normally.

Business

1 answer:

zhannawk [14.2K]1 year ago

6 0

Such a contract is normally voidable by a party who does not wish to follow through with it.

Voidable Contract: A formal agreement between two parties that is voidable can become unenforceable for a variety of legal reasons, such as: failure to reveal a crucial truth by one or both parties. a blunder, false statement, or fraud. excessive pressure or coercion.

A contract involving a minor is an illustration of one that is voidable. Although minors are able to sign contracts, they are also free to choose to break them without facing any consequences.

fraud, deception, misrepresentation, and coercion. A contract may be voidable if permission was obtained for it in one of several dubious methods. The party who was the victim of unfairness has the right to revoke contracts that were made as a result of force, threats, lies, or inappropriate influence.

What are the effects of a contract that can be voided?

If a party to a voidable contract has received anything from another party under that contract, that party must return that thing, to the extent possible, to the person from whom it was obtained.

To learn more about Voidable Contract, visit the following link:

brainly.com/question/17162523

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Select the correct answers. Which strategy would be most suitable for a company at the maturity stage of its product life cycle?

Sholpan [36]

Answer:

E decrease the product price

Explanation:

Maturity stage of the product is the stage where the product has already saturated in the market and sales begin to peak and slow down. Many companies will want to maintain this stage when it peaks but when the decline starts showing up it is a great challenge for them due to competition that cuts in from other companies. so companies at maturity stage would want to adopt the method of decreasing the price of the product in order to fight off competition.

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3 years ago

The Total Debt to Total Capital ratio is an effective type of debt management ratio because it gives an idea of:______

Vaselesa [24]

Answer:

c. how the firm has financed its assets as well as the firm’s ability to repay its long-term debt.

Explanation:

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3 years ago

How does a change in a country's real exchange rate affect its net exports?

Gnom [1K]

Answer: (C) When a country's real exchange rate appreciates, it imports more and exports less, causing its net exports to fall.

Explanation:

When a country's real exchange rate appreciates i.e the value of its currency increases, it imports more because more products could be bought with the same amount of the currency as a result of its increased value, and it export less because their goods would become more expensive for other countries resulting in reduced demand. Therefore, resulting in the fall of its net export. This is a form of trade balance.

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3 years ago

ompare the cost of the following leasing agreement with the finance charge on a loan for the same time period: The value of the

kow [346]

Answer:

One would want to finance this car rather than take this lease if the finance cost were $11,000 or less

Explanation:

a). Finance charge on the loan

Step 1: Determine the depreciation cost

The depreciation cost can be determine using the expression below;

Depreciation cost=Purchase value-salvage value

where;

Purchase value=$15,000

salvage value=$4,000

replacing;

Depreciation cost=15,000-4,000=$11,000

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b). Cost of leasing agreement

Step 2: Determine cost of leasing agreement

Cost of leasing agreement=down payment+monthly payment+acquisition fee

where;

down payment=$500

monthly payment=$315

total monthly payment for 3 years=315×12×3=$11,340

acquisition fee=$300

disposition charge=$150

replacing;

cost of leasing agreement=500+11,340+300+150=$12,290

cost of leasing agreement=$12,290

The cost of lease agreement ($12,290) is greater than the total finance charge ($11,000)

One would want to finance this car rather than take this lease if the finance cost were $11,000 or less

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