Answer:
Yes, Allstate was liable
Explanation:
Ramsey v. Allstate insurance co., 2013 wl 467327 (6th cir. 2013)
An implied contract differs from an express contract in that the way the parties act, rather than their words, defines the terms of the contract. Implied contracts exist if one party furnishes a service or property and expects to receive something in return. The other party must know (or should know) about the expectation of something in return and has to have a chance to reject the contract.
Douglas expected to get home insurance because he paid for it, and Allstate had the chance to cancel the home insurance policy but they didn't.
Answer:
The answer is 1.25
Explanation:
Debt to equity ratio tells us about how a company is running its business through borrowed money or contribution from its owners(equity). The ratio shows how healthy a company is.
Debt to equity ratio is total liability (debt) ÷ total equity.
Here, total liability(debt) will be our total debt.
Total liabilities(debt) = $15,000,000
Total equity = $12,000,000
So we have;
$15,000,000/$12,000,000
=1.25
Answer:
e. All of the above
Explanation:
A perfect competition is characterised by many buyers and sellers of identical products. Firms in a perfect competition are price takers.
In the long run, a perfect competitive firm produces where:
Price = marginal cost = marginal revenue = average long run cost. Producing at this point eliminates all forms of economic profit. Therefore, the firm earns only normal profit.
In the long run , there is zero economic profit, therefore, there would be no incentive for firms to enter into the market.
Answer:
a. Both the equilibrium price and quantity will go down.
Explanation:
On those days, it will be a decrease in the demand which will make the demand quantity to go down which will generate a shift in the demand curve to the left and with less people willing to buy gasoline, the equilibium quantity will drop and in order to sell, the price will drop too.