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ivolga24 [154]
3 years ago
7

Mary promises to give her car to her friend. the friend sells his current car for a fairly low price because he is expecting to

get a nearly new car from his rich and generous friend, fred. mary changes her mind and decides to keep the car. if the friend sues mary, the court most likely will: require mary to give her friend the car because his sale of his car was consideration require mary to pay damages to the friend for any loss he incurred in connection with mary not keeping her promise not require mary to do anything because this was a gift promise require mary to give her friend the car because mary made an illusory promise
Business
1 answer:
elixir [45]3 years ago
4 0
<span>If the friend sues Mary, the court most likely will not require Mary to do anything because this was a gift promise. In order for a gift promise to be enforceable by the law, it should be a contract. And in order for it to be a contract, there should be a consideration received by Mary but in this case, no consideration was received by Mary therefore, the promise is unenforceable.</span>
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Answer:

The overview of the given situation is described in the explanation section below.

Explanation:

(1)...

The actual exchange rate from either the viewpoint of U.S:

= 0.867

<u>Working:</u>

As per the British automobiles cost will be:

=  £20,000 x $1.50/£ or $30,000

And the US car's cost compares to either the Uk car will be:

= \frac{26,000}{30,000}

= 0.867

It demonstrates that the US car seems to be cheaper or affordable.

(2)...

From either the Uk view the actual exchange rate will be:

= 1.154  

<u>Working:  </u>

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= £17,333.  

The Uk vehicle's price compared to the US car currently amounts to,

= \frac{20,000}{17,333}

= 1.154

(3)...

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<u>Explanation:</u>

British vehicle exceeds,

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= 1.154 compared to the U.S car.

It also means that perhaps the British car is much more costly, and as such the U.S. car becomes valued more highly competitive.

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the market quantity demanded is 2 units.

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<u>Explanation:</u>

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Answer:

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