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iren2701 [21]
4 years ago
14

Nina Parkhurst owned a ranch and asked her son, Doug Boykin, to move to it and manage it for her. Boykin and his wife moved to t

he ranch and managed it for several years. they talked with Parkhurst many times, urging her to transfer 49 percent of the ranch to them. Parkhurst said she had thought and talked about possibly transferring the ranch but had made no decision. the Boykins claimed they were on the ranch under an oral contract with Parkhurst and that the oral contract also entitled them to a 49 percent interest in the ranch. she sued them and asked the court to declare that there was no contract. was there a contract?
Business
1 answer:
Black_prince [1.1K]4 years ago
5 0

Answer:

No there was no contract, there was at best an agreement to agree (an agreement based on understanding that a future arrangement can be made).

Nina said she was still thinking about her son's proposal and had not decided yet, so there was no contract.

Oral contracts is a spoken agreement between two parties that may be legally binding.

Breach of oral contract can be hard to prove since it is not written down.

An oral agreement between family members is not enough to be considered a contract.

Explanation:

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Answer: $1400

Explanation:

The amount of gross income that Heather must report will be the addition of the interest on the US government bonds, the interest on the federal income tax refund and the gain on the sale of Madison company school bonds. This will be:

= $700 + $200 + $500

= $1400

Therefore, Heather must report gross income in the amount of $1400. The correct option is D.

4 0
3 years ago
30 POINTS - Professional networking is important for strengthening your professional development. Discuss how reading, writing,
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Communication abilities will help you persuade others and help them see your views clearly.

Hope this helps!
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3 years ago
Clear Co.’s trial balance has the following selected accounts: Cash (includes $10,000 in bond-sinking fund for long-term bond pa
Tasya [4]

Answer:

Explanation:

The computation of the amount that is reported as a total current assets is presented below:

                                                    Clear Co's

Current assets

Cash                                                  $40,000   ($50,000 - $10,000)

Accounts Receivable                       $20,000

less-Allowance for doubtful debts - $5,000

Deposits from customers                 $3,000

Merchandise Inventory                     $7,000

Unearned rent                                    $1,000

Investment in trading debt securities $2,000

Total amount                                      $68,000

6 0
3 years ago
The benefits for employees who develop high-quality leader-member relationships include preferential treatment, increased job-re
GaryK [48]

Answer:

True

Explanation:

  • A good relationship between a leader and his/her employees will boost up the confidence among them. Moreover, the communication gap which exist otherwise, will no longer be found.
  • Employees would be comfortable in giving feedback and would not lie for the sake of job, and they would even be able to share their problems with supervisors with less awkwardness.
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4 0
4 years ago
Mark follows certain steps to access the supplementary readings for a course when using his organization's library management sy
andreev551 [17]

Answer:

product

Explanation:

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  • This is similar to the manual for electronic products, with detailed instructions on how to use the product effectively.

so correct answer is product

5 0
3 years ago
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