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MAXImum [283]
1 year ago
13

what was one argument made for the construction of the panama canal? responses it would result in lower tariffs on foreign goods

. it would result in lower tariffs on foreign goods. it would allow ships to move swiftly from the atlantic and the pacific in the event of a war. it would allow ships to move swiftly from the atlantic and the pacific in the event of a war. it would divert attention away from u.s. encroachment on canadian soil. it would divert attention away from u.s. encroachment on canadian soil. it would add an additional port of entry for immigrants coming to the u.s.
Business
1 answer:
Aliun [14]1 year ago
4 0

Based on a historical perspective the one argument made for the construction of the Panama Canal is that "<u>it would allow ships to move swiftly from the Atlantic and the pacific in the event of a war."</u>

<h3>The Construction of Panama Canal.</h3>

The construction of the Panama canal was done in 1914 and covers about 82 km of waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean and splits up North and South America.

The Panama Canal construction was essential for the political economy of the United States it cuts across the Isthmus of Panama which serves as a conduit for maritime trade.

There are various reasons or arguments for the construction of the Panama canal.

<h3>The reasons for building the Panama canal are</h3>
  • It would prevent warfare among competing countries
  • It would lessen the distance, cost, and time it took for ships to carry cargo between the Atlantic and the Pacific Oceans
  • It would eliminate the danger of earthquakes in Nicaragua.

Hence, in this case, it is concluded that the correct answer is "<u>it would allow ships to move swiftly from the Atlantic and the pacific in the event of a war."</u>

Learn more about Panama Canal here: brainly.com/question/26573102

#SPJ1

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Your real estate development company enters into an oral purchase agreement with the owner of land that contains several barns l
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Answer:

Explanation:

An agreement becomes a contract that will be enforceable in a court of law only if the vital elements of a contract are present in the said agreement. The Vital elements of a valid contract are as below:-

1) Offer and Acceptance:- There should be an offer that is properly communicated to the offeree. When the person to whom the offer is made signifies his consent, the proposal is said to be accepted. Persons may enter into contracts when they are: face to face; over the telephone or through post office courier service etc. When persons are face to face, one person making the offer and the other accepting, the contract comes into existence immediately. The communication of revocation is complete

-as against the person who makes it:- When the communication of revocation is put into a route of transmission to the person to whom the revocation is made, to be out of the power of the person who makes the revocation.

-as against the person to whom it is made:- When the revocation comes to the awareness of the person to whom it is made.

Conclusively, a contract is an oral or written agreement that could be enforceable by law. However, in case of an agreement; it could be similar but not binding in the perceptions of the law.

When agreement becomes formal and binding, it takes the shape of a contract.

Other essentials shall include:

2) Intention to create a legal relationship

3) Possibility of performance

4) The capacity of the parties to contract

5) Free Consent

6) The legality of object and Consideration

7) Certainty of meaning

8) It is not expressly declared to be void

9) Necessary legal formalities

10) Consideration

Accordingly, if a contract meets the above criteria, it could be said to be legally binding even if it is oral. If my Company has agreed to buy the equipment, it is to be noted that the offer is already accepted and even approved by the other party by writing a ‘Thanking note’ in return. Therefore, the entire agreement is legally enforceable and I do need to perform my part of the deal to avoid any legal complications. My silence to the acknowledgment letter presented by the other party shall also deem that I am willing to purchase that equipment and hence cannot reverse the same until the retraction is accepted by the other party as well. This is the primary essential of any valid contract, as explained above.

8 0
4 years ago
Why does location matter?
BigorU [14]

answer: you need to know where your at

7 0
3 years ago
What is comsumption efficiecy?
IRISSAK [1]
Consumption efficiency (Ec) is defined as a ratio, expressed as a percentage: a final output's effectual value divided by its potential value
4 0
4 years ago
Panco, a U.S. entity, has a subsidiary, Sanco, located in a foreign country. Sanco's operations are concentrated in the country
Arte-miy333 [17]

$15,600 is the amount (in 000) of Sanco's sales in U.S. dollars

Explanation and Solution :

Because translations can be used to translate the financial results of Sanco presented in FCUs to U.S. dollars, transactions will be translated using the rate of exchange in effect at the time of each transaction or the weighted average exchange rate for the year.

In this scenario, the weighted average exchange rate for the duration shall be given as

1 FCU = $1,300.

The right dollar sum of revenue to Sanco will then be

12,000 FCUs x $1,300 = $15,600.

8 0
3 years ago
An asset with a net book value of $1,225 was discarded, having no market value. How much will be recorded as a loss or gain on d
murzikaleks [220]

Answer:

(A) loss of $1,225

Explanation:

Net book value is the value at which an organization or company records an asset in its balance sheet. Net book value is the original cost of an asset, without adding the depreciation, depletion, amortization, that has been accrued at the period oof the asset's useful life. So if an asset with a net book value of $1,225 was discarded, having no market value, the same amount ($1,225) will be the value recorded as a loss by the company's accountant.

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