Lyra induces Moe to enter into a contract for the sale of an apartment about which Lyra fraudulently misrepresents a number of material facts. Lyra tells Moe that her commission is 6 percent, but their signed, written contract states 12 percent. The Statute of Frauds governs (2) <u>contracts that must be in writing to be enforceable.</u>
Explanation:
<u>The statute of frauds refers to the requirement that certain kinds of contracts will be enforceable only if they are in writing</u>
<u> </u>
Even though the statutes of frauds vary from state to state, the following types of contracts must be in writing to be enforceable:
- contracts for the sale or lease of, or a mortgage on, real property (e.g., land, fixtures);
- contracts that cannot, by their terms, be performed within one year after the date the contract was formed;
- collateral contracts, such as promises to answer for or guaranty the debt or duty of another person;
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promises made in consideration of marriage (i.e., prenuptial agreements); and
- contracts for the sale of goods valued at $500 or more.
The example that the National Park Service shows by <em>attracting, maintaining, and enhancing</em> relationships with customers and visitors is <em>D. relationship marketing.</em>
Relationship marketing offers goods and services to customers through sales and advertising that achieve long-term customer value. The relationship is built and maintained with existing customers <em>to attract new customers.</em>
Thus, the NPS's efforts enable it to build lifetime customer loyalty that ensures long-term value creation.
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The secured credit cards are backed by a collateral deposit against the risk of default in repayment by the cardholder. Each card is liable to be repaid by the cardholder with the amount of purchases being made.
<h3>What is a credit card?</h3>
A card, or a form of plastic money, issued by a financial institution in such a way that the person to whom such card is issued can utilize it to purchase goods and services on credit, is known as a credit card.
A secured credit card is a safe and risk-free form of issue for the issuer, as it is covered by a security deposit as a collateral. Repayment is done either out of the deposits, or by manual payment by the cardholder.
Hence, the significance of a credit cards is given.
Learn more about credit cards here:
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