Guido and hal want to rescind their contract under which Guido sold hal a mountain bike for $100. To rescind the contract. Guido must return the $100 and Hal must return the bike.
<h3>What do you mean by contract?</h3>
- A contract is an enforceable legal arrangement that establishes, details, and regulates the rights and duties of the parties.
- The transfer of commodities, services, money, or a promise to transfer any of those at a later time are common components of contracts.
- The damaged party may seek legal remedies like damages or rescission in the event of a contract breach.
- The foundation of contract law, which is the area of law of obligations pertaining to contracts, is the idea that agreements must be upheld.
<h3>What constitutes a contract's seven elements?</h3>
- Basics of contracts.
- Classification of contracts.
- Offer.
- Acceptance.
- A gathering of minds.
- Consideration.
- Capacity.
- Legality.
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Answer:
D : decreasing the amount of inventory on hand and increasing sales
Explanation:
Inventory turnover shows the number of times a business has sold and replaced its stock over a given time. If a company has a high volume of sales, its turnover is likely to be high.
A decrease in inventory implies that a company will have less merchandise available for sale at any given time. To stay in business, it has to keep on procuring or producing more. If a business increases its sales, then its products will be diminishing fast from its shelves. It means the company will require more merchandise to sell.
A combination of decreasing inventory and increasing sales will result in high inventory turnover. The few stocks available will be sold fast, meaning the company will be replacing the inventory many times.
Answer Not claiming the instrument hes sending
Explanation:
Answer
Retained earnings will be overstated by $38.40 million
Explanation:
The overstatement of retained earnings by this amount arises from the fact that if the depreciation of $64 million had been charged, the charge will have been tax deductible at 40% thus the amount overstated if (1-40%) x $64m =$38.4m.
Answer:
They are Called target groups
Explanation:
He has the wrong answer