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Brilliant_brown [7]
3 years ago
15

On May 1, Ramona and Santonio orally agree that Santonio will guide a party from the base of Mount McKinley to its summit and fr

om the summit to a return to the base. Under the agreement, Ramona will pay for the service after the completion of the climb on June 1. On May 1, is this contract express or implied? On May 31, after the climb has been made but before payment is paid, is the contract exe­cuted or executory?
Business
1 answer:
yan [13]3 years ago
4 0

Answer:

1.Contract is express

2.Contract executory

Please explanation below.

Explanation:

1)Contract is Expressed

Expressed contract consist of agreement in which terms are stated by parties either orally or in written .  

2) The contract is executory

Since contract is performed only by Santonio and since Ramona will make payment on 1 june ,on 31 may it is still to be performed by ramona  so the contract is executory (only part performance is made) .An executory contract is a contract that has not yet been fully performed or fully executed. It is a contract in which both sides still have important performance remaining.

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Answer:

Differences in abilities and talents

Explanation:

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All individuals possess different skill sets and their efficiencies vary too. Some individuals are more creative and talented than others while some are more laborious and hardworking.

Each skill set has it's own demand and thus, income is fixed as per the demand of a particular skill set for a given sector.

This leads to some earning lot more than others and differences in pay scales as per the abilities individuals possess.

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3 years ago
A basic finding of labor economics is that workers who have more experience in the labor force are paid more than workers who ha
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Answer:

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Explanation:

A worker with more experience means more on-the-job training, this drastically increases the worker's value of the marginal product of labor.

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2 years ago
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Answer:

The answer is D.

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