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
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.

You might be interested in
George wants to increase the number of visits to his insurance firm's website, which specializes in rental insurance for college
Vera_Pavlovna [14]

Answer:

E

Explanation:

In this question, we are to give an answer about which of the listed options would give George the optimal service for the action which he seeks to execute.

Checking the requirements of what he is trying to do, we will notice that there are some key words that are very important that he is trying to target. Now, to bring his idea into fruition, Google AdWords would provide him with the needed help.

This is because Google AdWords would look specifically at indexes using those two key words he wants to use to provide him with the results that he seeks.

5 0
3 years ago
Read 2 more answers
On September 30, Franz Corporation notices a decline in value of its investment in held-to-maturity bonds that it believes to be
never [62]

Answer:

Dr Loss on Impairment $15,520.00

Cr Maturity Debt Securities $15,520.00

Explanation:

Preparation of the journal entry to record the impairment.

Journal entry

Sep. 30

Dr Loss on Impairment $15,520.00

Cr Maturity Debt Securities $15,520.00

($38,500-$22,980=$15,520)

(To record the impairment)

3 0
3 years ago
Old Time Savings Bank pays 3% interest on its savings accounts. If you deposit $1,800 in the bank and leave it there: (Do not ro
klasskru [66]

Answer:

A. $54

B. 55.62

C. $70.46

Explanation:

The formula for calculating compound interest is

FV = P (1 + r ) ^n

FV = Future value

P = Present value

R = interest rate

N = number of years

A. $1,800 (1.03) = $1854

Interest rate = $1854 -$1,800 = $54

B. $1,800 (1.03)^2 = $1,909.62

Interest rate = $1,909.62 - $1854 = $55.62

C. $1,800 (1.03)^10 = $2,419.05

To service the interest rate, we have to determine the future value in year 9

$1,800 (1.03)^9 = $2,348.59

Interest rate = $2,419.05 - $2,348.59 = $70.46

I hope my answer helps you

5 0
3 years ago
The La-Z-Boy furniture company collects information about a wide variety of competitive, economic, political, legal and regulato
Stells [14]

Answer:

b) environmental scanning.

Explanation:

Environmental scanning -

It is the study that helps the organization to identify the threats and opportunities in the ecosystem to form new objectives and strategies in order to improve the performance in the industries .

It refers to the utilization and collection of the information regarding the trends , relationships and events of an industry and the usage of the knowledge for creating the objectives and strategies to future .

This process require the person working for the organization to search for important lessons m threat and weakness and opportunities .

Hence , from the data of the question , the process is called environmental scanning .

7 0
3 years ago
This is a classic retirement problem. A time line will help in solving it. Your friend is celebrating her 35th birthday today an
xeze [42]

Answer:

a. $21,725.65

b. $19,385

c. 27,421.32

Explanation:

Savings = 125,000

Annuity Formula :

(\frac{1}{1.07})^{30} [  \frac{125,000}{0.07} ( 1 - \frac{1}{1.07 ^}^{20} ) ] = \frac{A}{0.07} ( 1 - \frac{1}{0.07 ^ } ^{30} )

Solving the equation we get,

A  = $21,725.65

7 0
3 years ago
Other questions:
  • Roosevelt Corporation has a weighted-average unit contribution margin of $30 for its two products, Standard and Supreme. Expecte
    15·1 answer
  • Typically, B2B buyers ask potential suppliers to (A) write the RFP for the buyer.(B) submit formal proposals.(C) sponsor intervi
    14·1 answer
  • 1. What is global business?
    11·1 answer
  • If you deposit $100 of currency into a demand deposit at a bank, this action by itself
    7·1 answer
  • Your credit card history is tracked by all of the following except:
    12·1 answer
  • Business solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. the $159
    14·1 answer
  • Individual Activity 1: Marty and the Martins
    5·2 answers
  • In a pull manufacturing system, ______. Group of answer choices Production is based on government regulations Production is base
    10·1 answer
  • If this game is played only once, then the most likely outcome is that a. both firms produce a good quality product. b. both fir
    13·1 answer
  • Crane Company estimates its sales at 80000 units in the first quarter and that sales will increase by 8000 units each quarter ov
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!