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mixer [17]
3 years ago
9

Chris promises Doreen $40,000 if she graduates fro Eagle College. Doreen enrolls in Eagle, attends full-time for four years, and

graduates. When Doreen asks Chris for $40,000, Chris says, "I don't remember promising you $40,000. But if there was a promise, it's not enforceable, because we didn't bargain for it. And, even if there was a promise that would otherwise be enforceable, I revoke it now."
Can Doreen enforce Chris’s "promise"? Why or why not?
Business
1 answer:
Zina [86]3 years ago
3 0

Answer:

Doreen enforce Chris’s "promise" because the promise is binding despite that there was no bargain.

Explanation:

The doctrine of promissory estoppel (or detrimental reliance) gives a person that depends on the promise of another the opportunity to recover in the absence of consideration if:

1. There was definite and clear promise.

2. It was justifiable to rely on the promise.

3. The person who made the promise had the reason to believe that the person who is promised would depend on the promise.

4. There was a noticeable and definite change in character as a result of the reliance on the promise.

5. Enforcement of the promise would make justice to be better served.

Since all the conditions listed above holds in the question, Doreen enforce Chris’s "promise" because the promise is binding despite that there was no bargain.

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Marcus, a manager at Royal Memphis Hotel, is training a new group of employees. After each training session, the employees compl
dybincka [34]

Answer:

feedback

Explanation:

Based on the information provided within the question it can be said that Marcus is providing his employees with feedback. This refers to information given to an individual regarding their performance, and is done in order to help that individual realize what they are doing wrong and how they can improve their performance. Which is exactly what Marcus is doing with his employees.

4 0
4 years ago
All transactions ______. (Select all that apply.) Multiple select question. have at least two effects on the accounting equation
lys-0071 [83]

All transactions b. affect assets, liabilities, and/or stockholders' equity, and d. must affect both assets and stockholders' equity.

<h3>What is the accounting equation?</h3>

The accounting equation shows that assets are equal to liabilities and equity.

The implication of the accounting equation is that every transaction has at least two effects on the elements of financial statements, given their linkages.

Thus, the correct options are Options B. and D.

Learn more about the accounting equation at brainly.com/question/24401217

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5 0
2 years ago
You are evaluating a proposed expansion of an existing subsidiary located in Switzerland. The cost of the expansion would be SF
Marysya12 [62]

Answer:

Explanation:

First we need to calculate the expected spot rates for the next 5 years using IRP....

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7 0
4 years ago
Jiminez, Inc., had the following transactions during the month of March 2015. Prepare an income statement based on this informat
vladimir1956 [14]

Answer:

net income     4,385

Explanation:

The income statment will only include revenues and expenses account.

A revenue will be the gain realized from the business main activity or secondary like interst or rental revenues.

While expenses will be the cash erogation or losses iincurred in the business activities, their financing like interest expenses and other.

revenues       9,850

expenses     <u>  5,465   </u>

net income     4,385

The loan is not an expense. It wil lbe the interest it generated but we aren't given with that information

The dividends also aren't an expense they represent the return to the investors.

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4 years ago
Given the demand function p = 85 - 5x and supply function p = 3x - 35. The consumer's surplus is ?​
horsena [70]

Explanation:

At equilibrium demand price=supply price

Therefore consumer surplus is 15 units.

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2 years ago
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