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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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Retain the small predictable layers of risk and transfer the unpredictable catastrophic layer of risk. Does this statement promo

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3 years ago

Zar company paid employee wages on and through friday,january,26 and the next playroll will be paid in february. Emploees work 5

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Answer:

Debit to Salaries Expense $2,700; Credit to Salaries Payable $2,700

Explanation:

In accounting, we have to recognize all expenses even though we haven't paid it yet. This is one of those instances.

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3 years ago

Barney decides to quit his job as a corporate accountant, which pays $10,000 a month, and goes into business for himself as a ce

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Answer:

a. $125 per month

b. $10,300 per month

Explanation:

Data provided in the question

Paid amount as a corporate accountant = $10,000

Renting cost = $300

Purchase of office supplies = $75

Monthly electric bill = $50

The computation is shown below:

a. Explicit cost

Explicit cost = Purchase of office supplies + increase in monthly electric bill

= $75 + $50

= $125 per month

b. Implicit cost

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= $10,000 + $300

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3 years ago

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</span>

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3 years ago

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