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ira [324]
3 years ago
10

If the agreement between Elijah and the Canadian buyer was never written down, could Elijah be liable to the Canadian buyer for

a breach of contract (assume the total value of the contract was over $100,000)?
A. Yes, because the CISG does not have a Statute of Frauds requirement.
B. No, because the Statute of Frauds requires all contracts for the sale of goods over $500 to be evidenced in writing to be enforceable.
C. Yes, unless the course of dealing between the parties shows that contracts were always memorialized.
D. No, because international agreements in excess of $5,000 must be written down and include material terms.
Business
1 answer:
musickatia [10]3 years ago
6 0

Answer: Yes, because the CISG does not have a Statute of Frauds requirement.

Explanation:

The CISG is an for Contracts for International Sale of Goods. The CISG is also called the Vienna Convention. The main purpose is to provide a fair, modern and uniform regime for the contract involved in the international sale of goods.

It should be noted that the CISG does not have a parol evidence or a statute of frauds. The statute of frauds means when certain kinds of contracts need to be written down and signed by the required parties as evidence.

In this case, Elijah will still be liable to the Canadian buyer for a breach of contract because the CISG does not have a Statute of Frauds requirement.

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In January 2021, Vega Corporation purchased a patent at a cost of $200,000. Legal and filing fees of $50,000 were paid to acquir
ale4655 [162]

Answer:

c. $215,000

Explanation:

The computation of the amount charged to income is shown below:

But before that first we have to determine the book value as on Jan 2024 which is

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= $200,000 + $50,000

= $250,000

Amortized cost till year 2024 is

= ($250,000 ÷ 10 years) × 3 years

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The three years is counted from 2021 to 2024

Now

Book value on Jan 2024 is

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= $175,000

So,

Amount charged to income  is

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6 0
3 years ago
The Walton family got a great deal on their new home. They bought it for $101,295, and it appraised at $187,000 in a region wher
Vesna [10]

The assessed value of their new home is $46,750.

<h3>Assessed value</h3>

Using this formula

Assessed value=Appraisal amount× Assessment ratio

Where:

Appraisal amount=-$187,000

Assessment ratio=25%

Let plug in the formula

Assessed value=$187,000 × 0.25

Assessed value = $46,750

Learn more about Assessed value here:brainly.com/question/5428406

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7 0
1 year ago
True or false? cms, not the apc advisory panel or medpac, makes the final ruling for updates and changes to opps.
Elenna [48]
True I think I hope I help
8 0
3 years ago
Tomas increased his consumption of potato chips when the price of pistachios increased. For Tomas, potato chips and pistachios a
mixer [17]

Answer: A. substitutes in consumption.

Explanation:

The substitutes in consumption are products that can be replaced by others and satisfy the same desires or the same need. They respond to the buyer's need to consume a product whose price increases or can no longer purchase it.

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<em>I hope this information can help you.</em>

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3 years ago
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