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eduard
3 years ago
7

Assuming a court did find there was a valid offer, if there was an action brought against the store, would Vinny's mistake of gi

ving the newspaper the wrong price relieve the store of liability?
A. No, because it is a mutual mistake between Vinny and the newspaper, therefore any contract could be rescinded.
B. Yes, because a unilateral mistake always allows contracts to be rescinded by either party.
C. Yes, since the mistake would be obvious to a reasonable person.
D. No, because it is a unilateral mistake, and therefore whoever made the mistake cannot use it as a defense.
Business
2 answers:
slavikrds [6]3 years ago
7 0

Answer:

C. Yes, since the mistake would be obvious to a reasonable person.

Explanation:

A unilateral mistake <u>occurs when only one party is mistaken as to the subject matter</u> or the terms contained in the contract agreement.

<u>The general rule involving unilateral mistakes is that, if the non-mistaken party either knew or should have known of the other party's mistake, the mistake is a “palpable unilateral mistake” which makes the contract voidable</u> by the mistaken party.

Therefore, since Vinny's mistake would have been obvious to the other party, it could make the contract voidable and relieve the store of the liability.

Mice21 [21]3 years ago
6 0

Answer:

C) Yes, since the mistake would be obvious to a reasonable person.

Explanation:

Under common law, employers are responsible for the actions of their employees, this follows the respondeat superior doctrine. This doctrine only applies to negligent acts or omissions by the employees in the course of employment.

The key issue here is if the employer directed the behavior of the employee, or if the employee's action actually caused a harm. It is really difficult for an employer to claim that they have no control over the actions of their employees. In this specific case, the store can claim that the employee's actions did't cause any harm, because it was just a simple mistake that any reasonable person could have noticed.

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I think its 500 cause yes
4 0
2 years ago
McLoyd Company completed the salaries and wages payroll for March. The payroll provided the following details: Salaries and wage
Ilya [14]

Answer:

employer payroll taxes:

  • FICA taxes (social security and medicare) = $39,325 ⇒ employer's FICA taxes are identical to the withheld FICA taxes from employees
  • unemployment taxes = $3,825
  • total = $39,325 + $3,825 = $43,150

1) total labor cost = total wages + total employer payroll taxes = $550,000 + $43,150 = $593,150

2)

March 31, wages and salaries

Dr Wage expense 550,000

    Cr Cash 459,800

    Cr Federal income tax withholding payable 50,875

    Cr FICA taxes withholding payable (employees) 39,325

 

3)

March 31, employer payroll taxes

Dr FICA taxes expense  39,325

Dr Unemployment tax expense 3,825

    Cr FICA taxes payable 39,325

    Cr Unemployment taxes payable 3,825

8 0
3 years ago
if an internal audit reveals issues, it is time to do some interviews and document reviews. how many people should be involved i
r-ruslan [8.4K]

'If an internal audit reveals issues, it is time to do some interviews and document reviews. 2 the attorney many people should be involved in the interview process of an employee.

An employee is a person who is paid to work for an individual or company. A worker does not have to work full time to be considered an employee. You just need to be paid for your work by your employer (the person or company that pays your salary).

An employer is an individual, firm, or organization that employs people and pays them wages for their work. A person who works and gets paid is called an employee. Employers provide employment.

An example of an employee is a store clerk. Employees are required to perform specific tasks such as: B. An employee is considered an employee if they wear a name tag and greet customers with certain expressions.

Learn more about employee brainly.com/question/27953070

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6 0
1 year ago
Perez Company acquires an ore mine at a cost of $1,400,000. It incurs additional costs of $400,000 to access the mine, which is
Amiraneli [1.4K]

Answer:

total cost of mine  = $1,400,000 + $400,000 = $1,800,000

estimed number of tons of ore = 1,000,000

residual value of land at the end of the mine =  $200,000

depletion expenses  per ton of ore =  ($1,800,000 - $200,000)/1,000,000

                                                          =  $1,600,000/1,000,000

                                                          = $1.6/ton

total depletion expenses  for the first year =  Ddepletion expenses per ton x number of ton of ore produced

                                                                 =  $1.6 x 180,000  

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Explanation:

3 0
3 years ago
The following information was taken from the bank reconciliation for Mooner Sooner Inc. at the end of the year:
Lunna [17]

Answer:

The correct cash balance that should be reported in Mooner Sooner's balance sheet at the end of the year is $5,800.

Explanation:

For adjusting the bank statement balance do not consider note collected by the bank, service fee and NSF check returned. Note collected by the banks are already recorded in the bank passbook, so there is no adjustments are needed in the bank statement. Service charge is deducted by the bank, so service charge also recorded in bank passbook; hence no adjustments are required in the bank statement balance. In the case of NSF check returned no adjustments are needed in the bank statement balance.

correct bank balance = Bank balance + Deposits outstanding - Checks outstanding

                                    = $9,000 + $4,600 - $7,800

                                     = $5,800

MAKE SURE YOU AVOID THIS:

For calculating correct cash balance only checks outstanding and deposits outstanding are adjusted with bank balance. For getting correct cash balances add deposit outstanding to the balance as per the bank and minus outstanding checks. Deposit in transit amount must be added to the bank side of the bank reconciliation statement and outstanding check must be deducted from the bank side of the bank reconciliation statement. Here, bank balance is $9,000, checks outstanding are $7,800 and deposits outstanding is $4,600, hence correct cash balance is $5,800.

Therefore, The correct cash balance that should be reported in Mooner Sooner's balance sheet at the end of the year is $5,800.

3 0
3 years ago
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