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Ira Lisetskai [31]
3 years ago
15

As part of an advertising campaign, a plane flew over the beach in Ocean City trailing a banner that read: "Boardwalk Bistro wil

l give 100 to the first person to swim from the inlet at 1st Street to Bistro's at 33rd street." Daisy was a very strong swimmer and accepted the challenge. When she got to 25th Street, however, the plane appeared again with a banner that read: "Bistro withdraws its offer." Which statement best describes Daisy's and Bistro's rights in this situation?
Business
1 answer:
bogdanovich [222]3 years ago
3 0
Bistro's first banner was a form of a unilateral contract. This means that the banner was a legally enforceable promise between two parties where one party will perform the requirement and the other (Bistro) would pay.

For the given situation, Daisy substantially performed the required task and therefore, Bistro is not allowed to revoke the offer.

Based on the above, the statement that <span>best describes Daisy's and Bistro's rights in this situation is:
</span><span>Bistro cannot revoke the offer because Daisy has substantially performed the requested action.</span>
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Naily [24]

1 contract law

2 Something of value must be exchanged between the parties.

3 civil law

Why is the law important?

Laws are created for protect our general safety, and ensure our rights as citizens against abuses by other people, by organization's, and by the government itself. We have laws for help provide to our general safety.

How many kinds of Laws?

Natural or Moral Laws: Natural laws are the belief that certain laws of morality are inherent by human nature, reason, or religious belief.

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4 0
2 years ago
How can you estimate the total sales volume you can expect in your location?
kirill115 [55]

How can you estimate the total sales volume you can expect in your location? You can forecast your sales by figuring out your market. Depending on your market you can estimate how mant people are likely to purchase your product and how often. By using market trends and product testing it allows for a forecast of total sales over time and can let a business know how much to produce so that they are meeting demand.

4 0
3 years ago
Which of the following are consistent with the efficient markets hypothesis? Check all that apply. You should spend several hour
denis23 [38]

Answer:

1. Stock markets reflect all available information about the value of stocks AND

2. Changes in stock prices are impossible to predict.

Explanation:

The characteristics that are consistent with the efficient markets hypothesis are that

1. Stock markets reflect all available information about the value of stocks

<em>By definition efficient markets are those whose asset prices reflect all available information.</em>

2. Changes in stock prices are impossible to predict.

<em>The efficient market hypothesis has been described as a backbreaker for forecasters. In its crudest form it effectively says that the returns from speculative assets, are </em><em><u>unforecastable</u></em><em>.</em>

3 0
3 years ago
Buyer Bill will receive a utilities bill for an estimated $300 at the end of the month. At closing, the seller has used an estim
liraira [26]

Answer:

b) a debit to the seller and credit to the buyer for $100

Explanation:

The portion of the utilities bill consumed by the seller is not to be borne by buyer Bill, he cannot be made to pay for what he did not consume, the correct treatment is for seller to bear the $100 consumed by him by way of the following entries

Debit  The seller $100

Credit  Buyer bill $100

This is in the spirit of fairness to both Buyer Bill and Seller.  

5 0
3 years ago
You were recently hired by a firm as a project analyst. The owner of the firm is unfamiliar with financial analysis and wants to
zalisa [80]

Answer: <u><em>Profitability index</em></u> is the financial method of analysis which will provide the information that the owner requests

This is an assessment technique inflicted to possible outlays. This splits the proposed capital flow by the planned capital outflow to find out the profitability of a project

<u><em>Therefore the correct option is (d).</em></u>

3 0
3 years ago
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