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Varvara68 [4.7K]
3 years ago
10

Roger parked his car at a garage that has a large sign at the entrance saying, "This garage is not liable for items stolen from

a car." This type of notice is referred to as an exculpatory clause. Group of answer choices
Business
1 answer:
denpristay [2]3 years ago
6 0

Answer: True

Explanation:

An exculpatory clause is a form of contract provision which relieves one party of liability when damages are caused while executing the contract. The party which ssues the exculpatory clause is the one that is seeking to be relieved of any potential liability incurred.

There has already been a notice that "the garage is not responsible for any item stolen from the car". Roger parking his car at the garage is at his own risk as the garage owners won't be responsible.

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The market for salmon is in equilibrium. A price ceiling, a price floor, and a quota limit in this market would all have what ou
morpeh [17]

Answer:

a. Inefficiencies created by a quantity exchanged that is less than the equilibrium quantity.

Explanation:

Dead weight loss created by a quantity exchanged that is less than the equilibrium quantity .Inefficiencies created by a quantity exchanged that is less than the equilibrium quantity.when the total surplus is larger at the equilibrium quantity and price than it will be at any other quantity and price. Deadweight loss is loss in total surplus that occurs when the economy produces at an inefficient quantity.

3 0
3 years ago
Singer and McMann are partners in a business. Singer's original capital was $40,000 and McMann's was $60,000. They agree to sala
11111nata11111 [884]

Answer:  $20,000

Explanation:

Given that,

Singer's original capital = $40,000

McMann's original capital = $60,000

Singer's salary = $12,000

McMann's salary = $18,000

Interest on original capital = 10%

Profit sharing ratio = 3:2

Income of the year = $30,000

McMann's share of the income:

Salary = $18,000

Interest = $6,000

Singer's share of the income:

Salary = $12,000

Interest = $4,000

Therefore,

Remainder = $30,000 - $40,000

                  = -$10,000

Hence, remainder will be divided among these two partners in 3:2 ratio.

So,

McMann's share of remainder = \frac{2}{5}\times10,000

                                                  = -$4,000

Therefore, McMann's share of the income:

=  Salary + Interest + remainder

= $18,000 + $6,000 + (-$4,000)

= $20,000

3 0
3 years ago
Candice is planning her activities for a hot summer day. She would like to go to the local swimming pool and see the latest bloc
Debora [2.8K]

Answer:

Option C People face tradeoffs

Explanation:

The reason is that the tradeoff is situation where the wise person value the matter on a set scale and then make a decision to choose the best for the thing that he is ready to sacrifice. In business, it is also called Opportunity cost. You have two options in the scenario, if you go to swimming you can't watch the movie and if you go to movie then you can't enjoy swimming.

Example

When my girlfriend calls me during job timings I have to choose to leave the work or carefully listen to her. If I don't consider the girlfriend call a tradeoff here, I will stay single. So tradeoff are very important.

6 0
4 years ago
On September 1, year 1, Jackson borrowed $400,000 to refinance the original mortgage on her principal residence. Jackson paid 2
Mazyrski [523]

Answer:

$88.88 or $89 (Approx)

Explanation:

Each point is equal to the 1 percent so, 2 points is equal to the 2%.

Amount of points paid = Borrowed amount × Points percentage

= $400,000 × 2%

= $8,000

Total number of months = Year × Months in a year

                                        = 30 × 12

                                        = 360

Number of months in the deduction year = September to December

                                                                     = 4

Amount of deduction:

= (Amount of points paid ÷ Total number of months) × Number of months in the deduction year

= ($8,000 ÷ 360) × 4

= $32,000 ÷  360

= $88.88 or $89 (Approx)

7 0
4 years ago
Long-term investments tie up money for_________
lianna [129]
Long-term investments tie up money for More than one year.

One reason why individuals focus on long-term investments is to save for retirement.

A(n) 401(k) allows both employees and employers to contribute to a retirement plan.




I hope it helped you!
8 0
3 years ago
Read 2 more answers
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