Answer:
An implied agreement is based on a formal agreement.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implied contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.
Simply stated, mutual assent connotes agreement, acceptance and consent to a contract by both parties.
An implied contract can be defined as an informal contract that exists based on an assumption or understanding between two or more parties, rather than on terms that are formally and specifically defined.
This ultimately implies that, an implied agreement is not based on a formal agreement but on assumptions or understanding between the parties involved.
Based on the fact that Polani was using the gas station, lights, and the fast-food restaurants, the factor used to help Ahmed recall the directions were landmarks.
<h3>How to direct with landmarks?</h3>
Directing a person with landmarks is one of the best and most effective ways to direct people. This is because landmarks are easily noticeable and so can be used as markers to help a person to navigate across town and reach their destination.
Polani used the landmarks, the gas station, street lights, and the fast-food restaurant. Getting to each of these places is easy because it is noticeable so Polani used landmarks to help Ahmed.
Find out more on giving directions at brainly.com/question/28108225
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Answer:
Question 1)
Decrease in money supply = Decrease in checking account / Required reserves ratio
Decrease in money supply = $25,000 / 0.05
Decrease in money supply = $500,000
NOTE: As per Answering Policy, first question is answered.
Explanation:
Question 1)
Decrease in money supply = Decrease in checking account / Required reserves ratio
Decrease in money supply = $25,000 / 0.05
Decrease in money supply = $500,000
NOTE: As per Answering Policy, first question is answered.
Health hazards are hazards that are health related, not safety hazard! Loose railings, hot water, and blocked doorways are safety hazards, but they aren't bad for your health. Moldy floorboards could be hazardous towards your health, so that's your answer!
Answer:
local firm has debt worth $200,000, with a yield of 9%, and equity worth $300,000. It is growing at a 5% rate, and its tax rate is 40%. A similar firm with no debt has a cost of equity of 12%. Under the MM extension with growth, what is the value of your firm's tax shield, i.e., how much value does the use of debt add?
Explanation:
