Answer:
b. Barb is correct. The agreement must be in writing to be enforceable.
Explanation:
For a contract between two parties to be enforceable, it will need to be verifiable. A phone conversation that involves verbal agreement can be denied by either party. So it is most preferable when contracts are on written form.
In this instance Andy had the following conversation and there was conflict in the agreement between the parties.
Andy: "This is to confirm our telephone conversation of earlier today. 200 lbs. of T-bone at $2.89 per pound." Barb: "Yes, but that's 100 pounds at $2.99." Andy: "Too late, we already reached agreement by phone." Barb: "Too bad, it wasn't in writing."
Of the agreement had been in writing then it would have been enforceable on Barb.
Okay so rewards and penalties make people make better decisions. So like if I don't get questions wrong on a test I receive $5 from my parents, but if I fail a test I'm grounded for a week. So I study more to get money. (this is not actually me just making an example). Rewards make people want to do better, and so do penalties. I don't want to do bad and get punished for it.
Answer:
C) interest rate
Explanation:
Based on the scenario being described within the question it can be said that this price is commonly referred to as the interest rate. Like mentioned, this is the principal that is charged by the lender of the money to the borrower for the use of the borrowed money. This is usually charged as a percentage of the total amount that is being borrowed.
Think about this, our bodies need salt, salt is in almost ALL of our everyday uses. including contact solution, most foods and salt itself, knowing this where would YOU place it?
Answer:
e) leads to uncertainty about the value of goods traded internationally
Explanation:
When a currency has a floating exchange rate, its real value changes on a day-to-day basis. When that happens constantly, traders involved in international business <u>become uncertain about the value of their goods</u> when they step into a foreign market.
When a currency has a fixed exchange rate, that will rarely be a problem.
