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ladessa [460]
3 years ago
10

Adel wrote Abdullah, "I will sell you my house and lot at 419 West Lombard Street, San Francisco, California for $950,000 payabl

e upon
merchantable deed, deal to be completed within 60 days of the date of your acceptance." Assuming that Adel's letter contains terms which,
are deemed sufficiently certain and definite, which of the following statements is correct?
Select one:
a. Adel's letter is not an offer unless Abdullah thought Adel intended to make an offer.
b. Adel's letter is an offer if a reasonable person with full knowledge of the circumstances would be justified in thinking it was intended as an
offer.
C. Adel's letter is not an offer unless both Adel and Abdullah considered it as an offer.
d. Adel's letter is not an offer unless Adel intended it to be an offer.
Business
1 answer:
enyata [817]3 years ago
3 0

Adel's letter is not an offer unless both Adel and Abdullah considered it as an offer.

Explanation:

In the context given above is an offer if the letter is accepted by both the parties as an offer. Here Adel is writing a letter where he wants to sell his house $950000 payable upon merchant deed and this deal has to be completed within 60 days the day when it was accepted. In this letter he is also mentioning that he wants to sell the house to Abdullah. Hence this letter becomes a deal when both of them accept it from their parts.

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Lax LLC purchased only one asset during the current year (a full 12-month tax year). On August 26 Lax placed in service computer
Elena-2011 [213]

Answer:

$4,000

Explanation:

The asset's recovery period is 5 years and the half-year convention applies.

Therefore :

$20,000 ×0.20 = $4,000.

6 0
3 years ago
Suppose that the federal government grants a 50 cent per gallon subsidy to buyers of gasoline and that the demand for gasoline i
BigorU [14]

Answer:

The correct answer is b. will go primarily to consumers.

Explanation:

Inelastic demand is that demand that is not very sensitive to a change in price. In this way, before a variation in the price the quantity demanded reacts in a less than proportional way. For example, if the price increases by 10% and in response the quantity demanded is reduced by less than 10%, then the demand is said to be inelastic.

While the elasticity of the offer presents the degree of response of the quantities offered to variations in the price of the good considered, the price of other goods, the costs of productive factors or business expectations.

6 0
3 years ago
Luke was interested in developing a communication budget for the holistic vitamin shop he will be opening in 30 days. He is plan
PolarNik [594]

Answer:

Objective-and-task method.

Explanation:

With the available information, objective-and-task method would be best for Luke to pursue to develop his communication program. Objective and task method is a marketing strategy that focuses on allocating an amount of money for its marketing or advertisement budget based on peculiarities and set objectives, instead of choosing an arbitrary amount of money.

The objective-and-task method is the most logical budget method, as an organization sets its promotional budget on what it wishes to achieve specifically, meaning it's goal oriented and not based on sales revenues.

7 0
3 years ago
Your buddy in mechanical engineering has invented a money machine. The main drawback of the machine is that it is slow. It takes
m_a_m_a [10]

Answer:

 

Explanation:

a ) We shall calculate the NPV of the project . If it is positive , then money can be invested

Cash outflow in the beginning =1000

Present value of perpetual annuity of 100 at 9.5 %

100 / .095

= 1052.63

which is more than initial cash outflow

So NPV is positive

Hence money can be invested.

b )

If machine takes one year to build , first year cash outflow of 100 will be absent

Present value of 100 after 1 year

= 100 / 1.095

= 91.32

So present value of annuity

= 1052.63 - 91.32

= 961.31

This is less than 1000 so

NPV is negative.

Hence money can not be invested.

5 0
4 years ago
Which type of agreement assures that a broker will receive compensation regardless of who procures the buyer?a. Net listingb. Ex
natita [175]

Answer:

b. Exclusive right to sell

Explanation:

-Net listing is when the agent is able to keep the difference when a property is sold for more than the asking price.

-Exclusive right to sell is when the seller gives the agent the right to market the property and accepts to pay the comission to the agent if the property is sold during the period of the listing.

-Open listing is when a property has different agents and the one that gets the buyer receives the comission.

-Exclusive agency is when the seller gives an agent the right to market a property but the seller is able to sell the property to a buyer that was not found by the agent and in that case, the seller doesn't have to pay the comission to the agent.

According to this, the answer is that the type of agreement that assures that a broker will receive compensation regardless of who procures the buyer is exclusive right to sell because the agent is granted the right to sell the property and the seller agrees to pay the comission if the property is sold during the time of the listing last and it doesn't matter who finds the buyer.

7 0
3 years ago
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