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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.

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The correct answers for the following questions are:

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An extranet is the type of network that will best assist the firm in receiving and managing documents from clients.

Therefore, Option D is correct.

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The file server should be placed in an Encryption Device to allow safety while clients are signing into for document management.

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This means the ongoing expenses that are incurred from the normal day-to-day of running a business.

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1 year ago
An increase in the supply of grain will reduce the total revenue grain producers receive if.
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If the<u> demand curve is inelastic</u>, a rise in the supply of grain will result in a decrease in the overall income received by grain producers.

The ability of firms to enter and exit a market over time means that, in the long run, the supply curve is more elastic.

Two basic economic concepts are combined in the law of supply and demand to explain how shifts in the price of a resource, good, or service affect its supply and demand. As the price rises, supply increases while demand decreases. On the other hand, as the price falls, demand increases and supply becomes more limited.

The degree to which changes in price translate into changes in demand and supply is known as the product's price elasticity.

Basic consumer demand is comparatively inelastic, or less responsive to price changes.

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1 year ago
The following data were reported by a corporation: 20,000 15,000 3,000the number of outstanding shares is:
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Outstanding shares will be 12,000 shares.

These are calculated as follows:

Here the number of shares are as follows;

Authorized shares are 20,000, Issued shares are 15,000, Treasury shares are 3,000

Therefore, the number of outstanding shares can be calculated as follows

Number of outstanding shares = Issued stock- Treasury stock

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1 year ago
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g The scheduling and front desk experience impact how clients rate us on their Intent to Return. True False
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