1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Valentin [98]
3 years ago
11

Under the UCC a sales or lease contract will not fail for indefiniteness even if there are open terms if the parties intended to

contract and if there is a reasonably certain basis for the court to grant an appropriate remedy.True / False.
Business
2 answers:
Alex17521 [72]3 years ago
5 0

Answer:

True

Explanation:

In contract law and under UCC, indefiniteness means that the terms of a contract are too vague or too indefinite for the contract to be enforceable, e.g. a contract that sells a parcel of land but doesn't include the exact location. If any party breaches a contract that fails for indefiniteness, usually the other party cannot claim a remedy for the breaching. In the previous example, if someone received money in advance they cannot keep it, it must be returned at the buyer's request.

But even if contracts fail for indefiniteness, but the parties can still reasonably perform, then the contract might be considered valid under certain circumstances. E.g. a contract between merchants that doesn't include a sales price, just a request for merchandise. If both merchants had already been engaged in previous transactions, UCC rules set the price as the reasonable price at the time of delivery, or the price used in a previous transaction.

In our first example, if the seller can provide proof of location of the parcel of land and it satisfies the contract's terms, then that sales contract is enforceable.  

Gelneren [198K]3 years ago
4 0

Answer:

The correct answer is True.

Explanation:

At the end of a common agreement, there is no consequence for any of the parties, since it is their will to end the contract that they previously agreed to sign

Termination of the lease by the lessor.

The lessor may unilaterally terminate the lease under the conditions established by law, paying any compensation that may arise.

The law expressly establishes when and why the lease can be terminated by the lessor, and only in those cases can the contract be terminated without there being room for the payment of a penal clause or non-compliance, if any, since in those cases the law in particular established how and why to terminate the contract, and set the penalties to which there is room.

You might be interested in
Assume that a $1,000,000 par value, semiannual coupon US Treasury note with four years to maturity has a coupon rate of 3%. The
xenn [34]

Answer:

$746,617.36

Explanation:

Using a financial calculator, input the following to calculate the price of the US Treasury note. I'm using Texas Instruments BA II Plus model;

Face value of the bond ; FV = 1,000,000

Semiannual coupon payment; PMT = Coupon rate * Face value ;

PMT= (3%/2) *1,000,000 = 15,000

Time to maturity of the note  ; N = 4*2 = 8

Semiannual interest rate;  I/Y = 11% /2 = 5.5%

then compute the Present value of bond or price; CPT PV = $746,617.36

8 0
3 years ago
A manager is hired by a start-up for her demonstrated ability to think strategically and make broad-based decisions that serve t
STatiana [176]

Answer:

Conceptual Skills

Explanation:

According to my research on studies conducted by various psychologists, I can say that based on the information provided within the question the manager was most likely hired for her Conceptual Skills. This is the ability that an individual may possess to analyze hypothetical situations in order to gain valuable information and develop strategies. Which allows that individual to make certain big decisions in benefit of the company.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
To say that "the U.S. public debt is mostly held internally" is to say that:_______ a. the bulk of the public debt is owned by U
Triss [41]

Answer: The correct answer is "a. the bulk of the public debt is owned by U.S. citizens and institutions.".

Explanation: To say that "the U.S. public debt is mostly held internally" is to say that:<u> the bulk of the public debt is owned by U.S. citizens and institutions.</u>

5 0
3 years ago
Fergie has the choice between investing in a State of New York bond at 4.1 percent and a Surething Inc. bond at 6.8 percent. Ass
iragen [17]

Answer:

The state of New York should offer bonds at 4.76% to make indifference to purchase their bonds than Surething Inc.

Explanation:

the corporation has to pay income taxes while the State of New York do not pay for income taxes thus his yield is after-tax.

Surething Inc after tax rate:

pre-tax x (1 - tax-rate) =6.8% x ( 1 - 30%) = 0.068 x (1-0.30)  = 0.0476 = 4.76%

Currently the corporation bond yield a higher rate than the State of New york (4.76% against 4.10%)

7 0
3 years ago
Due to the h1n1 flu outbreak, the demand for hand sanitizer tripled. Should johnson &amp; johnson increase production of their p
GuDViN [60]

Answer: No, johnson & johnson should not double its production capacity of their purell hand sanitizer.

Explanation: An increase in demand of hand sanitizers due to the H1N1 flue will shift the demand curve for hand sanitizers to the right. The price of hand sanitizers will increase meaning that greater production levels are profitable. The firms can take advantage of this profitability by increasing manufacturing capacity. However, capacity will be increased for many years and the H1N1 flu is a temporary phenomenon. So, once the H1N1 flu is controlled demand for hand sanitizer is likely to return to previous levels. As a result the increased capacity will then remain idle and unprofitable. So, johnson & johnson should not double its production capacity of their purell hand sanitizer.

3 0
3 years ago
Other questions:
  • On January 20, a payroll check is automatically deposited. What is the current balance?
    6·1 answer
  • 6. Assume that as of August 1, 3,000 units of flat panel displays have been produced and sold during the current year. Analysis
    12·1 answer
  • If the government is required to balance the budget and the economy falls into a recession, which of the actions is a feasible p
    9·2 answers
  • Brand loyalty can be created by: a. minimal advertising. b. not using patents to protect products. c. cutting the costs for rese
    14·2 answers
  • Beach boards reports dividends per share of $1.40 and net income for the year of $150,000. dividend yield is 3.5%. what is beach
    8·1 answer
  • Weber Company purchased a mining site for $1,750,000 on July 1. The company expects to mine ore for the next 10 years and antici
    11·1 answer
  • Time Warner Cable uses its sales reports broken down by geographic regions as part of its marketing research to determine which
    13·1 answer
  • Business Solutions sells upscale modular desk units and office chairs in the ratio of 3:2 (desk unit:chair). The selling prices
    9·1 answer
  • Alejandro recently established a maintenance company as a sole proprietorship. He
    10·1 answer
  • The Blue Lagoon has a return on equity of 23.62 percent, an equity multiplier of 1.48, and a capital intensity ratio of 1.06. Wh
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!