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3 years ago

What is required to have a legally valid contract?

2 answers:

7 0

D.) The contract must represent a valid agreement between parties and an exchange of something of value between parties must have occurred or been promised to occur.

kykrilka [37]3 years ago

4 0

The answer is: D. The contract must represent a valid agreement between parties and an exchange of something of value between parties must have occurred or been promised to occur.

To be valid, the agreement must be made voluntarily by all the parties involved. (noone was forced to sign the agreement under threat). The contract also need to completely specify in writing the responsibilities from each parties along with the obligations that they have to do to one another.

You might be interested in

Supply chain management refers to a set of approaches and techniques firms employ to efficiently and effectively integrate their

gizmo_the_mogwai [7]

Answer:

suppliers (or vendors)

Explanation:

Supply chain management refers to how the company manages:

the distribution and storing of materials needed to manufacture a product (upstream)
the inventory management of materials, components and final goods
the distribution of finished goods to final customers using different downstream channels (wholesalers, retailers, etc.)

4 0

3 years ago

Money, Inc., a calendar year S corporation in Denton, Texas, has two unrelated shareholders, each owning 50% of the stock. Each

ratelena [41]

Answer:

See below

Explanation:

a. At the end of the year, before distribution, each shareholder's basis

= $400,000 + $100,000 + $50,000

= $550,000

b. After the distribution, each shareholder's basis is

= $300,000 + $200,000

= $500,000

c. Therefore, each shareholder has

$250,000 worth of dividend income.

3 0

3 years ago

You manufacture covers for barbeque grills at a cost of $5 each and make a profit of $2 per cover.

Katyanochek1 [597]

which class?

Explanation:

plz mention the lesson name kk

4 0

3 years ago

Ben sold his townhome on March 12. The property is subject to an HOA fee of $355 per month, which Ben prepaid for the month of M

Dvinal [7]

Answer:

$213

Explanation:

For computing the owed amount, first we have to compute the daily rate per day which is shown below:

= HOA fee ÷ number of days in a month

= $355 ÷ 30 days

= 11.83 per day

We know that the number of days in a month is 30 days and the townhome is sold on March 12, so the remaining days would be 18 days ( 30 days - 12 days of march month)

Now the owed amount would be

= Remaining days × per day rate

= 18 days × 11.83

= $213

8 0

3 years ago

The Evendale Store is just one of many stores owned and operated by the company. The Apparel Department is one of many departmen

ExtremeBDS [4]

Answer:

Direct cost for Apparel Department

Apparel Department cost of sales—Evendale Store $116,100

Apparel Department sales commission—Evendale Store $7,950

Apparel Department manager’s salary—Evendale Store $9,950

Total 134,000

Direct cost for Evendale Store

Apparel Department cost of sales—Evendale Store $116,100

Store manager’s salary—Evendale Store $18,300

Apparel Department sales commission—Evendale Store $7,950

Apparel Department manager’s salary—Evendale Store $9,950

Janitorial costs—Evendale Store $13,700

Total 166,000

Apparel Direct cost which are also variable

(change as object cost increase)

Apparel Department cost of sales—Evendale Store $116,100

Apparel Department sales commission—Evendale Store $7,950

Total 124,050

Explanation:

a) we should consider which cost are directly linked into Apparel department only.

b) here we have to determinate cost directly linked into Evendale Store

c) While in this case, besides looking for cost linked to Apparel department, they also need to be variable thus, changing with the object cost.

5 0

3 years ago