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3 years ago

What is a legal remedy?

Business

2 answers:

amid [387]3 years ago

7 0

This is when the judge enforces a right that,imposes a penalty.

Valentin [98]3 years ago

6 0

The way a right is enforced by a court of law when injury, harm, or a wrongful act is imposed upon another individual. The laws of remedies will be based on the extent of relief the plaintiff is entitled to receive after appropriate court procedures were followed and the plaintiff proved with sufficient evidence they were wronged by the defendant. Hope this helps!

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A change in the dollar value of the British pound from $1.60 to $1.50 represents A. an increase in the pound price of British

hram777 [196]

Answer:

Option (B) is correct.

Explanation:

1 pound = $1.60

1 pound = $1.50

So, there is a depreciation in the value of pound relative to the dollar and appreciation in the value of dollar relative to the pound.

Now, suppose a resident of united states purchase some quantity of goods(say, 20 shirts) from the seller in United kingdom.

Price of each shirt = 2 pounds

Hence,

Before the change in exchange rate, then the buyer have to pay in dollars:

= 20 × (2 × $1.60)

= 20 × 3.2

= $64

After the change in exchange rate, then the buyer have to pay in dollars:

= 20 × (2 × $1.50)

= 20 × 3

= $60

Hence, the amount paid by the resident of united states reduced because of the fall in exchange rate. Now, they have to pay less for the same amount of commodities. This shows that there is an appreciation in the currency of US relative to UK.

4 0

3 years ago

I want to have a college fund for my daughter. She is 5, so I have 13 years to achieve my goal of $50,000. The bank says I can e

Tju [1.3M]

Answer:

$2960 yearly savings

Explanation:

From the values given and from mathematical manipulation, he or she needs a contribution of at least $2900 every year in order to achieve his goal of $50,000.

EXPLANATION

If the child is 5yr old now, in 13years time, she will be 18yr old.

$2950 target yearly

for the next 13years, it would have amount to $38350

remember the bank will give an annual interest rate of 2%

so for 13years, that's 26% = 0.26

In the 13th year, he would have saved $38350, add the 26% interest for the duration of 13years = 26% x $38350 + $38350 = $48321

His savings will fall between $2950 - $2960 yearly.

3 0

3 years ago

Gene is looking for a loan so that he can buy a car. There are a few different banks where he can apply for a loan. What should

ElenaW [278]

Answer:

The Answer To This Question is B. a good credit score.

Explanation:

8 0

3 years ago

3. Hari Seldon is planning for his retirement 6 years from now. He plans to deposit $30000 each year for 6 six years (i.e., 6 de

erik [133]

Answer:

a) $231,468.30

b) $209,259.56

c) 9.59%

Explanation:

a) to calculate FV, n=6,I=10, pv=0 and pmt=30000

b) to calculate effect of inflation On FV

N=6, I =6 (nominal interest less inflation), pv=0 and pmt=30000

c) [(231468.30-209259.56)/231468.30]x100

5 0

3 years ago

Your client, beth, has a home in california with a first and second mortgage. she's looking for a vacation home and has asked if

slega [8]

If my client Beth has a home in California with a first and second mortgage and is looking for a vacation home and asks if she can deduct mortgage interest, I would suggest obtaining a mortgage secured by the second home and deducting the interest from the loan.

Mortgage interest settled on a second home used personally is deductible as long as the mortgage fulfills the exact prerequisites for deductible interest as on your primary home, and if the second home is put on for rent, the loan taken for the second home will not have a limit for the deduction of interest payment.

Vacation Home with Second house mortgage

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#SPJ4

4 0

2 years ago