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
Mariulka [41]
3 years ago
6

Ty, a merchant, wrote to Marcus: "August 1, I offer to sell you one Model A Desktop Computer system, price $1,000. This is a fir

m offer for 30 days from the above date. (Signed) Ty." (a) On August 10, Marcus received a letter from Ty: "I hereby revoke my offer of August 1." On August 17, Marcus wrote to Ty: "I hereby accept your offer of August 1." Is there a contract? Explain.
Business
1 answer:
vova2212 [387]3 years ago
7 0

Answer:

No contract between the two parties.

Explanation:

There is no contract in the case of Marcus and Ty.

A firm’s offer is binding during a specified time period unless validly revoked by the offeror. The offeror, Ty, has the power to withdraw the offer before the offeree, Marcus, accepts the offer because it is a promise made without any consideration. In the case of Marcus and Ty, the date of receipt of revocation letter by Marcus is before the time that he dispatched his acceptance. Therefore, the offer was validly revoked by Ty, and there is no binding contract between the two.

You might be interested in
To manufacture 3,000 pairs of sandals in a week, a firm can use 3,600 workers and 135 machines or 270 machines and 3,300 workers
Nutka1998 [239]

Answer:

3,600 workers and 135 machines is more technically efficient.

Explanation:

a. For 3,600 workers and 135 machines

Worker technical efficiency = 3,600/3,000 = $120%

Machine technical efficiency = 135 / 3,000 = 4.50%

Average technical efficiency = (120% + 4.5%) / 2 = 62.25%

b. For 270 machines and 3,300 workers.

Worker technical efficiency = 270/3,000 = $9%

Machine technical efficiency = 3,300 / 3,000 = 110%

Average technical efficiency = (9% + 110%) / 2 = 59.50%

Conclusion

Since the average technical efficiency of 62.25% is higher than 59.50%, 3,600 workers and 135 machines is more technically efficient.

8 0
3 years ago
Drury corporation needs to raise $ 2 comma 300 comma 000. the corporation plans on selling 100 comma 000 shares of $ 23 par valu
ad-work [718]

Net Income before Sale of Shares........................................................$1800000

Additional Income due to sale of shares.............................................$400000

Total Net Income........................................................................................$2200000

Income [email protected]%.........................................................................................($660000)

Net Income After Tax..................................................................................1540000

Total No of Shares.........................................................................................260000

Earning Per Share(Net Income After Tax/No of Shares)......................$5.92

8 0
2 years ago
What do statistics show about most Americans’ financial management?
anzhelika [568]

Answer:

46%of Americans couldn't come out with $400 in an emergency

7 0
2 years ago
A team of builders has surveyed buyers of their new homes for years. Consistently, only 48% of the buyers have indicated they we
Assoli18 [71]

Answer:

Explanation:

So, the hypothesis is:

H0 : p = .48 versus Ha : p≠ .48

check the picture attached for more explanation

3 0
2 years ago
A local restaurant, Farm Fresh Ingredients, has become highly successful through its menu, based solely on organically raised ch
Blizzard [7]

Answer:

d. temporary

Explanation:

Competitive advantage refers to a competitive edge a firm gains over it's competitors by offering better value via it's products or by offering such products at reduced prices.

Competitive advantage results out of a unique or specific methods of production which is more efficient than the competitors and most importantly which cannot be imitated by competitors.

In the given case, the advantage which has accrued is on account of organic method of raising chickens and organic seasonal produce. These advantages are momentarily as, soon other restaurants shall follow suit and gradually these shall disappear.

8 0
2 years ago
Other questions:
  • Is Federal Income Tax a direct or indirect tax? Explain your response.
    10·1 answer
  • What techniques do you use to focus your time and resources?
    6·1 answer
  • Define �cost� as applied to the valuation of inventories.
    9·1 answer
  • LCD Industries purchased a supply of electronic components from Entel Corporation on November 1, 2016. In payment for the $25.0
    5·1 answer
  • Each parcel of land in a new development is selling for $15,000 and the total project revenue is estimated to be $5,000,000. The
    15·1 answer
  • "the aggregate demand curve is the sum of all demand curves of all goods and services in the economy"
    12·1 answer
  • Based on the following data for the current year, what is the inventory turnover? Sales on account during year $700,000 Cost of
    5·1 answer
  • A customer alleges wrongdoing on the part of a registered representative and files a complaint with the broker/dealer. The broke
    14·1 answer
  • Jane learned that, although she and June were both hired as part-time salesclerks at the same time and have similar backgrounds,
    6·1 answer
  • On average, consumers spend only about _______________ seconds deciding to buy one brand as opposed to another branded option fr
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!