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Mamont248 [21]
3 years ago
11

On October 25, 1989, Mina Loy sent a letter to Carl Van Vechten which said, "I hereby offer to hire you to paint my house for $4

,000 during Thanksgiving break. Your acceptance of this offer must be by first-class mail and must reach me no later than noon on November 1, 1989." Vechten was so excited when he received her letter that he telephoned Loy on October 26 and said "I accept." Which of the following is a true statement?
A.
There is a valid acceptance and a binding contract because the telephone call was a reasonable means of acceptance.

B.
There is no acceptance and no contract in this situation as it is clearly mentioned by the offeror that the acceptance must be by mail.

C.
There is a valid acceptance and a binding contract because the telephone call was an authorized means of acceptance.

D.
There is a valid acceptance and a binding contract because the telephone call was a faster means of acceptance than the mail.
Business
1 answer:
Sindrei [870]3 years ago
3 0

<u>Answer: </u>Option B

<u>Explanation:</u>

There is no acceptance and no contract in this case. Mina Loy's written offer letter states clearly that the acceptance has to be made through first class mail. The terms of the offer were not fulfilled by Carl Van Vechten as he did not perform the acceptance as per the condition mentioned in the offer.

As there is no valid contract the parties to the contract that is Mina Loy and Carl Vechten are not obliged to perform their obligations as promised.

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dalvyx [7]

An investor begins a periodic payment deferred variable annuity purchase program. one respect in which this differs from purchasing a mutual fund is that <u>the investor in the variable annuity contract reports no taxable consequences during the accumulation period.</u>

An investor is any individual or other entity (consisting of a firm or mutual fund) who commits capital with the expectancy of receiving monetary returns. buyers come from a ramification of backgrounds. all of us who makes choices approximately giving finances to a positive monetary account or challenge is an investor.

An investor is the marketplace participant most people most usually buddies with the inventory market. investors are folks that buy shares of a company for the long term with the belief that the enterprise has sturdy future potentialities.

Learn more about investor here: brainly.com/question/26173141

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8 0
1 year ago
Note whether the following phenomena would be consistent with or a violation of the efficient market hypothesis.
denis-greek [22]

Answer:

D) Stock prices of companies that announce increased earning in January tend to outperform the market in February.    

Explanation:

The above is consistent with the Efficient Market Hypothesis. All others are a direct contravention.

<em>The efficient market hypothesis (EMH), also known as the efficient market theory, is a hypothesis that states that the prices of shares contain all information and that consistent alpha generation is impossible.</em>

According to the hypothesis, stocks always trade at their fair value on exchanges, making it impossible for investors to purchase undervalued stocks or sell stocks for inflated prices.

This means that it should not be possible to outperform the overall market through professional stock selection or market timing.

The only way according to EMH that an investor can obtain better returns is by purchasing riskier investments.  

By implication, this also means that it is not possible to "beat the market" consistently on a risk-adjusted basis since market prices should only react to new information.  

You would note that in the option D, earning (which is a key driver for demand of stock) is announced in one month. The natural reaction would be for the demand for that stock to surge in the next month.

4 0
4 years ago
suppose that the equilibrium orice of t-shirts increases and the equilibrium quanitiy of t-shorts decreases. this is best explai
Len [333]

Answer: Supply of T-shirts decreasing

Explanation:

If the supply of T-shirts decreases, the equilibrium quantity of t-shirts being supplied to the market will decrease as well. Assuming that demand stays the same, the leftward shift of the supply curve will intersect with the demand curve at a higher equilibrium price.

This is simply because as the t-shirts are in short supply, people will be willing to pay more to have them as they are not as widespread as before.

7 0
3 years ago
Which of the following is the best example of a positive question?a. How are price and quantity demanded related?b. How should t
fredd [130]

Answer:

a. How are price and quantity demanded related?

b. How should the government deal with the next recession?

Explanation:

A positive question is the kind of question the answer of which is simply yes or no. They ask about how one thing is rather than how something should be.

In above question, there are two questions which fall in the category of positive questions because of the way they are formed and what they are asking.

6 0
3 years ago
Lyman’s business has grown to 400 employees with annual revenues of $15 million. He would like to expand further but needs anoth
Rashid [163]
He should consider where he is going to get the money from, how soon he will be able to pay it back if he borrowed it, and if he needs anymore emplyees for the expansion. 
7 0
3 years ago
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