Answer:
<u>No</u>
Explanation:
<em>Remember, </em>in business law, as long as both parties did not sign a contractual document, the purchase is not legal.
In this case, it could be observed that Ganze only "mailed an acceptance" not a signed document between both parties agreeing on the purchase of her antique car.
Also, the fact that she quickly sent a telegram letting Archer know that she is rejecting the offer, shows that she acted in good fate to withdraw her acceptance on time.
Oregon is not one of the states that is part of the colorado river upper basin.
Answer:
A gain of $2, 500 will be reported on the income statement.
Explanation:
When a bond is issued at par it means that there are no discounts or bond premium. Rather the bonds that are issued at par will be sold at face value.
This means that the bond's contract and market rates are equal.
Therefore in this scenario one fifth of the bond was sold at $97,500.
Value of the bond is $500,000, so the market value of portion of bond sold is:
(1/5)* 500,000= $100,000
However the amount payable is $97,500
Profit made= Market price - Amount payable
Profit made = 100,000 - 97,500= $2,500 gain
Its true lol ......................................
