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4 years ago

If a contract term is ambiguous a court can consider extrinsic evidence a. True b. False

2 answers:

6 0

If a contract term is ambiguous a court can consider extrinsic evidence. True. If there is a contract drawn up, it is important to make sure the terms and in black and white and not ambiguous. Ambiguous means that there can be more than one interpretation of something or having a double meaning. This can be harmful in a court case because different people may understand the contract differently. Extrinsic evidence is outside, external evidence that is not usually used to make a determination of a situation.

Gnoma [55]4 years ago

3 0

The correct answer is true. It is because if the contract term is likely ambiguous, the court will likely consider this as an extrinsic evidence or that the ambiguity is likely to be interpreted against the party who is responsible for drafting the term.

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The Black Division occupies 26,000 square feet in the plant. The Navy Division occupies 39,000 square feet. Rent is an indirect

Ilia_Sergeevich [38]

Answer:

Black Division - $484,000

Navy Division - $90,000

Explanation:

Other information required

Black Division Navy Division

Sales (net) $700,000 $320,000

Salary expense $20,000 $40,000

Cost of goods sold $170,000 $151,000

The income is the sales net all expenses. The rental expense will be allocated to each department based on the square footage occupied.

As such, rental expense for

Black Division

= 26000/(26000 + 39000) * $65,000

= $26000

Navy division

= 39000/(26000 + 39000) * $65,000

= $39000

Hence the income for

Black Division

= $700,000 - $20,000 - $170,000 - $26,000

= $484,000

Navy division

= $320,000 - $40,000 - $151,000 - $39,000

= $90,000

5 0

3 years ago

What is it called when a producer is unable to meet the demand of a certain product?

Andreyy89

It's called a shortage

4 0

3 years ago

Todd and Jim quickly learned that running a sailing business required a lot more than just taking folks for boat rides in exchan

slamgirl [31]

Answer:

The correct answer is c. risk averse .

Explanation:

Risk aversion is the attitude of rejection that an investor experiences in the face of financial risk, specifically in the face of the possibility of suffering losses in the value of their assets. The degree of risk aversion determines the profile of the investor (conservative, medium, risky) and should be the starting point for choosing an investment product. For example, a person with high risk aversion (conservative profile) will tend to choose products with lower expected yields, but more stable. On the contrary, a risky investor will be more willing to suffer eventual losses in exchange for the possibility of obtaining superior benefits.

7 0

4 years ago

Damon convinced his aunt to lend him $6,900 to purchase a plasma digital TV. She has agreed to charge only 12 percent simple int

siniylev [52]

Answer:

444

Explanation:

Simple Interest for a year can be calculated using

I = PRT/100

P= Principle amount

R= percent simple interest

T= time

(3700)(12)(1)/100 = 444

3 0

3 years ago

The AD&D provision in a life insurance policy would pay additional benefits if the insured

Gemiola [76]

Was killed in an accident or was dismembered.

The AD&D provision of life insurance stands for Accidental Death and Dismemberment. Should a person die in an accident this is additional money that their beneficiary would receive. These plans also pay for dismemberment, which means that you would receive a payment if you were dismembered as the result of an accident. This may include injuries like loss of a limb, loss of sight or loss of hearing.

8 0

4 years ago