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Korvikt [17]
3 years ago
8

Opal asks Paolo, who does not understand English, to sign what Opal says is an application to open a bank account. In fact, the

application is a note. If sued on the note by an HDC, Paolo's best defense would be_________.
A. extreme duress.
B. fraud in the execution.
C. fraud in the inducement
D. mistake
Business
1 answer:
ser-zykov [4K]3 years ago
8 0

Answer:

fraud in the execution    

Explanation:

Fraud in the execution refers to an unlawful act that can have dire results. Fraud is regarded to be enough action purposely scheduled to mislead another individual with a negative impact on that individual. Fraud may include misinterpreting a contractual component or taking something out of a deal that might deceive another person. Fraud could be a serious felony offense.

Thus, from the above we can conclude that the given case depicts fraud in the execution.

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The desired reserve ratio is 10 percent of deposits, and the currency drain ratio is 1 percent of deposits.
Flauer [41]

Answer:

Quantity of money changes by $50,000,000

Explanation:

Desired reserve ratio = 10% = 0.1

Currency drain ratio = 1% = 0.01

Money multiplier = (1+0.1) / (0.1+0.01) = 1.1/ 0.11 = 10

Value of securities purchased = $5 million

Change in quantity of money :

$5 million * 10 = $50 million

Currency created : currency drain ratio * change in quantity of money

0.01 * $50,000,000 = $500,000

Amount of bank deposit = quantity change - currency created

= $50,000,000 - $500,000 = $4,500,000

4 0
3 years ago
What is the main purpose of performance appraisals and why do appraisal programs fail?
lora16 [44]

The main purpose as well as the cause of the failure of performance appraisal process is as described below-

Explanation:

Appraisal refers to the process (mostly formal) to evaluate the productivity of the manpower of an organisation. It serves for administrative as well as developmental purpose.

Performance appraisal serves three important purpose-

  • Providing adequate feedback to employees based on his/her performance.
  • It can help in modifying employee behaviour and thus contributing to an effective workspace environment.
  • Providing qualitative parameters to higher-order authority through which they can adjudge their subordinates.

However, appraisals occasionally fail in their motive due to following reasons-

  • Appraisals are prone to biases prevailing in the work environment. Moreover, the neutrality of the rating authority is also often under the scanner.
  • The appraisals are often inflicted by sampling error. The conclusion of few cannot be generalised on all.
  • Appraisals don’t take into account the variability of the employee's performance, Rather it relies on the end performance and the start.

5 0
3 years ago
The plaintiff explains that she acted with the value of integrity when she started her own cleaning business. What did she claim
Anit [1.1K]

Answer:

Called the clients and cancelled jobs

Explanation:

If the plaintiff worked for the defendant and left to set up her own cleaning business, then she will most likely be bound by a non-compete clause.

So if she is saying she acted with the value of integrity, then she would called any of the defendant's clients and cancelled jobs in order to respect the non-compete clause.

However after sometime the non-compete clause is no longer binding.

3 0
3 years ago
Which compounding periods will yield the lowest effective annual rate given a stated future value at year 5 and an annual percen
emmainna [20.7K]

Answer:

Annual

Explanation:

The ANNUAL compounding periods will yield the lowest effective annual rate given a stated future value at year 5 and an annual percentage rate of 10 percent

4 0
3 years ago
Finish Co. uses the allowance method to account for bad debts. At the end of 2010, Finish Co.'s unadjusted trial balance shows a
Nana76 [90]

Answer:

The answer is: D) $5,800

Explanation:

The doubtful accounts should have a total balance of $6,000, representing 1% of total sales (= $600,000 x 1%).

Since doubtful accounts balance is only $200, you must entry a debit record of $5,800 (so that the total balance of that account is $6,000).

3 0
3 years ago
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