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QveST [7]
3 years ago
11

Larson entered Forrester's Auto Mart to purchase a used car. Larson found a vehicle with a sales price of $11,000. After Forrest

er answered all of Larson's questions, Forrester and Larson agreed to a sale. As Larson was leaving to get the money to pay for the car, Forrester told Larson that he thought Robert Redford formerly owned the car. Larson later learned that Robert Redford had never owned the car. If Larson seeks to rescind the deal based on Forrester’s statement, Larson wil:
a. win because he relied on the misrepresentation.b. win because there was a misrepresentation of a material fact.c. lose because he will not be able to prove reliance on the misrepresentation.d. lose because Forrester made a unilateral mistake.
Business
1 answer:
RideAnS [48]3 years ago
5 0

Answer:

The answer is: C) lose because he will not be able to prove reliance on the misrepresentation.

Explanation:

In order for Larson to be able to rescind the contract, he would have to prove that he had reasonable reliance that Robert Redford owned that specific car. Reasonable reliance refers to a person believing something to be a fact, which any other person could reasonably believe in as well.

But exactly how could he prove that someone else might also believe that the car was previously owned by Robert Redford? I find it very doubtful that he can prove that.

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Clearing House Interbank Payment System (CHIPS) is an organization that provides secure communication for contracts, invoices, a
lakkis [162]

Answer:

the spleen

Explanation:

3 0
2 years ago
Kanye, Jonny, Jaco, and Neil are trying to form a band. They each have some basic skills on most instruments, so their current p
Naddika [18.5K]

Answer:

2- Have each member specialize in the role that they are best in, to take advantage of benefits from specialization.

Explanation:

Here are the options

1- Continue with the current plan, as economies of scale should eventually kick in.

2- Have each member specialize in the role that they are best in, to take advantage of benefits from specialization.

3- Abandon the band, as continued practice is doomed to suffer diminishing marginal returns.

4- Invest their remaining savings in new instruments, as they are at a point where the marginal product of capital exceeds the marginal product of labor.

5- Change the rotation to be random rather than equal, to take advantage of heteroskedasticity.

Specialisation is when a person focuses on an activity in which they are efficient in or have a comparative advantage in

A person has a comparative advantage in production if he produces at a lower opportunity cost when compared to other people

Jaco seems to be efficient at playing bass, thus he should specialise in this activity

Jonny seems to be efficient at playing the guitar, thus he should specialise in this activity

An advantage of specialisation : Increased efficiency as a result of carrying out the same activity multiple time.

8 0
2 years ago
The following production data were taken from the records of the Finishing Department for July: Inventory in process, July 1, 40
ki77a [65]

Answer:

37,000 units

Explanation:

The computation of the total equivalent units for direct material is shown below:

= Transferred to finished goods during the month of July + Ending work in process during the month of July - Inventory in process as on July 1

= 37,500 units + 3,500 units - 4,000 units

= 41,000 units - 4,000 units

= 37,000 units

We simply used the above formula so that the total equivalent units for direct materials using the FIFO method could come

3 0
3 years ago
Determine whether each of the following topics would more likely be studied in microeconomics or microeconomics.
Jlenok [28]

Answer:

<u>The effect of government regulation on a monopolist's production decisions</u>

Explanation:

The effect of a large government budget deficit on the economy's price level

The superavit or deficit of the government is a macroeconomics subject.

The money market is also macroeconomics.

The impact of regulation or specifit taxes or tax extemption on a monopolist's production will be part of microecnomics, because it will impact on which level the monopolist's production finds equilibrium after the legislation.

4 0
3 years ago
A focused differentiator has the advantage of: A. being able to respond to demands for deep price discounts. B. producing a larg
cricket20 [7]

Answer:

D. Selling on non-price factors, such as design or customer service

Explanation:

One of the main goals of a Focused differentiator strategy in business is to is to secure a competitive advantage over competitors by offering products that appeal to specific non-price and unique preferences of customers.

The strategy is to go for <u>products that will appeal to a well-defined group of buyers</u>. This strategy is the opposite of the Broad Differentiation strategy that aims at different or multiple market segments or multiple buyer groups for a product.

A good example is the development of a particular high-end product car manufacture line which is specifically targeted at high-end citizens in a society who will go for them despite their costs just because of their premium looks, additional features (off-road capabilities, 0-60 miles in 4 seconds and leather trimmings) among others. This is a focused differentiator

3 0
3 years ago
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