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gregori [183]
4 years ago
10

Vicki entered into a written contract to buy a car from Valley Motors. During the negotiations, the sales representative said th

at the car had a two-year full warranty. The written contract included a provision that stated, "This writing is the full and final expression of the parties' agreement; anything said before signing or while signing is irrelevant." The written contract did not include a warranty. Two months after Vicki took delivery of the car, she discovered that the transmission needed to be replaced. Vicki claimed that it was covered by the full warranty. Will Vicki be able to present evidence as to the sales representative's statements concerning the warranty?
Business
2 answers:
icang [17]4 years ago
7 0

Answer:

The answer is NO, SHE WON'T.

Explanation:

This is because  according to the statements, there was a clause in the written agreement that Vicki entered into that, "This writing is the full and final expression of the parties' agreement; anything said before signing or while signing is irrelevant." Thus, the written contract did not include a warranty even though the Sales Representative during selling the vehicle stated verbally that a 2-year warranty was on the vehicle.  Even if she has a recorded evidence of the Sales Representative statements, since the statements are not included in the written contract, then the evidence may be classified as null and of no essence.

Bingel [31]4 years ago
4 0

Answer:

No she won't.

Explanation:

Vicki will not be able to present evidence as to the sales representative's statements concerning the warranty that "This writing is the full and final expression of the parties' agreement; anything said before signing or while signing is irrelevant." thereby excluding the car's warranty.

Hence, any evidence of the discussion of the warranty would most likely be excluded by the parol evidence rule.

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Clarissa wants to fund a growing perpetuity that will pay $ 12 comma 000 per year to a local​ museum, starting next year. She wa
igomit [66]

Answer:

Present Value= $240,000

Explanation:

Giving the following information:

Perpetuity= $12,000

Growing rate= 5%

Interest rate= 10​%

To calculate the present value of this perpetual annuity, we need to use the following formula:

PV= Cf/ (i - g)

Cf= cash flow

i= interest rate

g= growing rate

PV= 12,000/ (0.10 - 0.05)

PV= $240,000

4 0
4 years ago
Fragmental Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $9
Leviafan [203]

Answer:

Debit cash $7800

Credit unearned revenue $7800

Explanation:

The amount of $7800 was received in cash on October 1. Therefore, the cash account will be debited with the $7800 received.

The corresponding credit entry of $7800 will be to the unearned revenue account since the revenue has not been earned. Revenue will be earned at the end of each month of the lease. This account will subsequently debited each time the revenue is earned i.e at the end of each lease month.

3 0
3 years ago
When external costs are present, Group of answer choices democratic political decision-making can be counted on to improve the e
MaRussiya [10]

Answer:

The correct answer is the first option: Democratic political decision-making can be counted on to improve the efficiency or resource allocation.

Explanation:

To begin with, in the microeconomics theory, when there are external costs it means that people external to the transaction or situation are being involved in it and therefore that they are getting costs for that particular situation that they did not asked for it. That is why that according to the microeconomics theory when there are external situations to the market, this last one may sometimes not be able to efficiently allocate every resource to everybody and it is in that time when the government as a public state must entry in order to try its best to find the efficiency in the distribution of the limited resources.

3 0
4 years ago
How is scarcity related to competition?
Alexxandr [17]

Answer: <em>Competition is an effect of scarcity.</em>

Explanation:

In economical and dismal sense scarcity and competition are correlated, as in they are directly proportional to each other. In today's era where, the population is growing at an exponential rate and the food supply and other resources are either growing at an arithmetical rate or depleting. Therefore there is a scarcity of resources and thus the competition is increasing proportionally.

6 0
4 years ago
An individual purchased a $100,000 Joint Life policy on himself and his wife. Eight years later, he died in an automobile accide
k0ka [10]

Answer:

$100,000

Explanation:

In the case of joint life policy, the other person who is covered in the policy has the right to claim the amount after death of one person

In the given case, the husband has died after 8 years of purchasing the joint-life policy due to an automobile accident. So, the wife has the right to claim for the policy amount i.e $100,000. This claim is valid for the only first death

3 0
3 years ago
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