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stiv31 [10]
3 years ago
10

Rough Hewn Lumber Company orally contracts with Joe for the purchase of five acres of Joe's timberland. Joe makes the transfer b

ut Rough Hewn does not pay the price. The lack of a written contract could bar enforcement of this deal. If so, Joe could most likely recover on a theory of
a. liquidated damages

b. quasi contract

c. reformation

d. restitution
Business
1 answer:
Reptile [31]3 years ago
7 0

Answer:

b. quasi contract

Explanation:

-Liquidated damages refers to a mechanism in a contract in which a party can request a compensation because of breach.

-Quasi contract is  an agreement that is recognised by a court when there is no written contract between two parties and there is a conflict about a payment of a product or service.

-Reformation is a change made by a court in a document when one party that participates in it makes a request.

-Restitution is when someone receives a compensation for a loss or an injury.

According to the options given and the definitions, the answer is quasi contract.

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tomsm's Investment account at his bank has compounding Interest. He Isn't sure if this is a positive thing for his investment. W
Margarita [4]

Answer: Keep your account open and you will earn more on Interest you've already earned

Explanation:

Since Tom's investment account at his bank has a compounding interest, the best advice that'll be offered to Tom is to keep the account open and he will earn more on Interest than what he has already earned.

It should be noted that compound interest makes ones money grow faster. The reason for this is due to the fact that the interest is calculated based on the accumulated interest that the individual has earned over time and the original principal.

Therefore, it isn't advisable for Tom to withdraw his money or ask the bank to compound the interest less frequently but rather, he should keep the account open as he'll earn more interest.

5 0
3 years ago
Discuss the optimal method for procuring inputs that have well-defined and measurable quality specifications and require highly
lubasha [3.4K]

Answer:

By formation of legally binding contract.

Explanation:

Contacts are a good way for procuring inputs that have well-defined and measurable quality specifications and require highly specialized investments. Because of the high quality expected in the goods procured, having a legally enforceable contact will make the vendor provide high quality products that meets required specifications.

However when contracts dictate a particular price, so if the market price of input were to go down we will still be obligated to buy at the higher price from the vendor.

4 0
3 years ago
Hi CAN SOMEBODY HELP ME PLEASE YOU DON'T UNDERSTAND HOW I STRUGGLE. I WILL GIVE U BRAINLIST AND 5 STARS IF U ANSWER CORRECTLY ​
CaHeK987 [17]

Answer:

commericials, product endorsements, product features, stuff like that.

Explanation:

Businesses commonly develop websites and blogs to promote their companies, products and services. Blogs offer an interactive tool to communicate information to customers and receive feedback through comments. Additionally, companies use sites and blogs as media for banner ads and other ad placements. If u want you can write about features and product endorsements too.

8 0
3 years ago
A company pursuing a focus strategy a. attempts to serve all market segments. b. concentrates on building market share in one ma
Reika [66]

Answer:

<h2>In Economics and Business, a focus strategy implies concentration of particular market segment and enhance market share by satisfying the needs and demands of consumers in that particular segment.Hence,the correct answer in this case is option a.</h2>

Explanation:

In business,focus strategy is often employed to gain or enhance market share and exercise market leadership.A focus strategy by any business involves the process of focusing or concentrating on any one particular segment of the market and establish a strong and sustainable consumer base in the particular segment to enhance market share.In order to successfully execute the focus strategy,a company or business organisation has to be confident that it can considerably fulfill the market demand in that particular segment and has enough productive resources to do so.There are commonly two types of focus strategy in business:1) Focused cost leadership strategy,which basically aims at improving the regular lifestyle of people by offering affordable products and services and 2) Focused differentiation strategy,which concentrates on providing differentiated or variety of products or services according to the customer needs and preferences within a particular market segment.

6 0
3 years ago
Consider the market demand for donuts.
fomenos

Answer:

movement along the demand curve : An increase in the price of donuts

shift of the demand curve : A change in tastes of consumers that makes them desire more donuts

An increase in the number of consumers

Explanation:

only a change in the price of a good would lead to movement along the demand curve for that good. other factors lead to a shift of the demand curve.

an increase in the price of donuts would lead to a reducing in the quantity demanded of donuts. it would lead to a downward movement along the demand curve.

A change in tastes of consumers that makes them desire more donuts and An increase in the number of consumer would lead to an outward shift of the demand curve

7 0
3 years ago
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