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balu736 [363]
3 years ago
7

While George travels for two months, Mary agrees to housesit and care for George's three horses at her stables. The parties agre

e that Mary will pick up the horses on the first day of George's trip, and George will pay Mary when he returns. George returns home from his travels and finds that Mary never picked up the horses. George sues. What will be the likely result?
Business
1 answer:
Dmitry [639]3 years ago
7 0

Answer:

The answer is: George will win the lawsuit

Explanation:

George and Mary had a legal binding contract, in which each party agreed to:

  • Mary agreed to pick up George's horses and care for them during his two month trip.
  • George agreed to pay Mary for her work as horse keeper.

If Mary breached the contract by failing to perform her part, George is entitled to sue her.

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The process of earning compound interest allows a depositor or investor to earn interest on any interest earned in prior periods
Setler79 [48]

Answer:

A) true

Explanation:

Compound interest can be regarded as

adding of interest gotten to the principal sum of a deposit or the principal sum of a loan. It's one that is gotten after reinvesting of ones interest instead of paying it out, as a result of this the interest that comes in

next period will be earned on the principal sum along with those interests accumulated before. It should be noted the process of earning compound interest allows a depositor or investor to earn interest on any interest earned in prior periods.

6 0
3 years ago
Dexter loses his breach-of-contract case against micheletta in a georgia state trial court. dexter appeals to the state court of
Wittaler [7]

After Dexter appeals to the state court of appeals and loses again, he files his next appeal with the <u>Georgia Supreme Court</u>.

<h3>What is a Court hierarchy?</h3>

This refers to the arrangement of courts in the method through which appeal flows. If the judgement at the lower court is not satisfying, an appeal can be made to the higher court in order to get redress and justice.

In conclusion, the Supreme court is the highest court in the Georgia state after the Court of appeal.

Read more about Court system

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6 0
1 year ago
Michael company issued 8% bonds with a par value of 1,000,000 receiving 20,000 premium on the interest date 5 years later, after
sattari [20]

Answer:

option D - $22,000 gain

Explanation:

the gain can be calculated by using the following relation

Face Value + Unamortized Premium - Purchase Price = gain

where,

Face Value - $1,000,000

 Unamortized Premium - 60% x $20,000

Purchase Price - 99% x $1,000,000

putting all value to get gain or loss on the retirement

= $1,000,000 + (60% x $20,000) - (99% x $1,000,000)

=  $22,000 gain

6 0
3 years ago
Switching costs, the number of buyers, and if the items represent a relatively small portion of the cost of finished products ar
Murrr4er [49]

Switching costs, number of buyers, and if the items represent a relatively small portion of the cost of finished products are key considerations regarding the bargaining power of buyers.

Switching costs are the costs which are paid by a consumer as a result of switching brands, suppliers, or products. Some companies may employ high switching costs in order to prevent customers from moving to another brand.

Suppose if the customer purchases large volumes of standardized products from the seller, then the buyer's bargaining power is quite high.  Also, when substitute of a product is available in the market, the buyer power increases.

Hence, most prevailing switching costs are monetary in nature.

To learn more about switching costs here:

brainly.com/question/15561738

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7 0
1 year ago
Tyler Toys has beginning inventory for the year of $19,600. During the year, Tyler purchases inventory for $233,000 and has cost
Nimfa-mama [501]

Answer

The correct answer is:

$16,600

Explanation:

The ending inventory is the total value of the inventory at hand, that was not sold for the year. To calculate this, we will subtract the total cost of goods sold from the total purchase. This is shown below:

Beginning inventory =                     $   19,600

Purchased inventory =                     $ 233,000

Total inventory value in the year = $ 252,600

Cost of goods sold = $ 236,000

Therefore, Ending inventory = Total inventory value in the year - Cost of goods sold

= 252,600 - 236,000 = $16,600

8 0
3 years ago
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