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Lana71 [14]
3 years ago
12

Brian wants to buy a mare that he can breed to help develop a horse operation. Larson offers to sell Brian a horse that Larson b

elieves is healthy and should make a good broodmare when a little older. After two years, the horse still has not foaled. The veterinarian tells Brian that the horse is incapable of breeding. If Brian sues to rescind the contract with Larson, it isa. likely that a court will allow the rescission based on a unilateral mistake. b. unlikely that a court will allow rescission based on a mistake of fact. c. likely that a court will allow the rescission based on a mistake of fact. d. unlikely that a court will allow rescission, because Brian made a mistake about market value.
Business
1 answer:
aev [14]3 years ago
4 0

Answer:

The correct answer is C: likely that a court will allow the rescission based on a mistake of fact.

Explanation:

Brian was not aware of that fact that the horse is incapable of breeding at the point he buys it, but Larson assures Brian the horse is healthy. In this light, if Brian sues to cancel the contract with Larson, the court will allow it based on a mistake of fact. This way the court will reduce any civil liability or criminal culpability because Larson might not know that the horse cannot breed, although he is certain that the horse is healthy.

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What are 3 ways to select an entire document
enyata [817]

Answer:

To select the entire document, you can use any of these

a. CTRL + A

b. Press Shift and highlight all the documents

c. Press SHIFT+RIGHT ARROW

Explanation:

4 0
3 years ago
Retail companies compete based on:
MatroZZZ [7]

Answer: D. all of the above

Explanation:

6 0
3 years ago
The graph illustrates a change in the market for bicycles. Which statement could explain the graph?
olchik [2.2K]

Based on the graph that shows the change in the market for bicycles, the statement that explains the graph is The demand for bicycles increased due to news about the health benefits of exercise. The market price & quantity increased.

<h3>Which statement explains the supply and demand graph?</h3>

The question is not complete as the graph is not given. However, an answer can be formulated based on the laws of demand and supply.

The most likely option to be true is that the demand for bicycles increased due to news about its health benefits and then this led to the market price and quantity increasing.

This is because the increased demand for the bicycles would have drove the prices up. This would then have inspired suppliers to produce more bicycles thereby increasing bicycle quantity as well.

Find out more on demand increasing at brainly.com/question/4371942

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7 0
1 year ago
The balance sheet of Sub America reports total assets of $400,000 and $450,000 at the beginning and end of the year, respectivel
Rudiy27

Answer:

$42,500

Explanation:

Given that,

Beginning total assets = $400,000

Ending total assets = $450,000

Average total assets = (Beginning total assets + Ending total assets) ÷ 2

                                   = ($400,000 + $450,000) ÷ 2

                                   = $425,000

Return on assets = 10%

Net Income ÷ Average total assets = 0.1

Net Income ÷ $425,000 = 0.1

Net Income = 0.1 × $425,000

                   = $42,500

Therefore, the Sub America's net income for the year is $42,500.

6 0
3 years ago
Which of the following statements are true?
kirza4 [7]

Answer:

TRUE: A. Different companies will use different charts of accounts based on individual company need.

C. The general ledger contains all of the accounts that a company uses, along with detail of the balances in those accounts.

Explanation:

A. <u>Different companies will use different charts of accounts based on individual company need.</u>

A chart of accounts is the combination of all the accounts of an organization in an organized and structured model whose objective is to establish a codification so that there is a standardization of the company's financial information to assist the work of the accounting sector.

Therefore, each company will have a model chart of accounts referring to its activities and processes.

<u>C.</u><u> </u><u>The general ledger contains all of the accounts that a company uses, along with detail of the balances in those accounts.</u>

<u> </u>The general ledger can be defined as the set of all accounts held in the organization in detail.

Through the information in the accounts, the organization is able to correctly separate each one by type and carry out the organizational financial statement.

<u />

<u />

6 0
3 years ago
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