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Lady_Fox [76]
3 years ago
8

Farmer Brown contracts to buy two tracts of land from Farmer Sal. Both parties believe that the two tracts are adjacent, but in

fact they are not. Farmer Sal is still willing to sell the land, but Farmer Brown is adversely affected by the tracts not being adjacent. Because of this misunderstanding regarding the adjacency of the tracts, their contract is
Business
2 answers:
Natasha2012 [34]3 years ago
7 0

Answer: unenforceable by either party.

Explanation: The contract becomes unenforceable due to a misunderstanding or misrepresentation of information regarding the said property. What farmer brown needs is a land which both tract are adjacent, which farmer sal believes he has. This is not the case as both tract are not adjacent. Though farmer sal is still willing to sell, the original contract becomes unenforceable due to misrepresentation of information pertaining to the land.

Evgen [1.6K]3 years ago
3 0

Answer:

Voidable.

Explanation:

A voidable contract can be defined as a formal and legal contract established between two parties, which can be canceled if it is the option of any of the parties involved, if there are legal reasons.

Some of the reasons that cause a contract to be canceled can be:

  • Mistakes
  • Fraud
  • Undue duress
  • One or more unacceptable terms
  • A breach of contract

Therefore, if one of the parties finds a defect in the contract and chooses not to reject it, the contract remains enforceable and valid.

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soldier1979 [14.2K]

Answer:

d. the supply of financial capital comes from savings, and the demand goes to making loans.

Explanation:

Capital markets refer to the areas where deposits and investment are transferred between the capital providers and others in need of capital. Capital markets consist of the main market, where new shares are released and exchanged, and the secondary market, where already issued securities are exchanged by investors.

8 0
3 years ago
Banc Corp. Trust is considering either a bankwide overhead rate or department overhead rates to allocate $396,000 of indirect co
Viktor [21]

Answer:

(A) $144,000.

Explanation:

For computing the indirect costs allocated to the Commercial Department first we have to compute the per unit cost which is shown below:

Per unit cost = (Allocated department overhead indirect cost) ÷ (total number of direct labor hours)

=  $396,000 ÷ 22,000

= $18

The total number of direct labor hours = Consumer + commercial

                                                                = 14,000 + 8,000

                                                                = 22,000

Now the indirect cost equal to

= Per unit cost × Commercial direct labor hours

= $18 × 8,000

= $144,000

4 0
3 years ago
.1.3. Briefly explain the Economic term land​
igomit [66]

Answer:

In economics, the resource that encompasses the natural resources used in production. ... Land was considered to be the “original and inexhaustible gift of nature.” In modern economics, it is broadly defined to include all that nature provides, including minerals, forest products, and water and land resources.

8 0
3 years ago
Read 2 more answers
Name about six qualities or characteristics of other people that you most respect or admire?
jeyben [28]
1. Genuine
2. Kindness
3. Trustworthy
4. Loyal
5. Forgiving
6. Dependable
7. Inspiring
Hope that helps :)
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3 years ago
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What is revision?<br><br> a. the step in the writing process where you look
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Answer:

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Explanation:

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