Answer:
The principle in Law 'Nemo dat quod non habet' states that an individual connot give what he does not have
Indeed Tom can rescind the contract with Matthew as he possesses voidable title to the balls
Explanation:
Until consideration has moved from Matthew to Tom the validity of the agreement/Contract remains inconclusive.
Considering his Account is not funded means he has no valid title to the Balls, he is merely in possession of the Balls but not the Owner.
Tom can sue demanding a return of the Balls irrespective of Matthew having sold them to Aaron.
Another illustration could be given of a thief who sells off a property. Inspite of the Buyer being unaware, because the thief has a voidable title it makes the transaction invalid.
Answer:
b. $50,000 and $250,000.
Explanation:
The computation is shown below:
The required reserve is
= Check-able-deposit liabilities × reserve ratio
= $500,000 × 20%
= $100,000
The excess reserves is
= Actual reserves - required reserves
= $150,000 - $100,000
= $50,000
And, the amount that increase the loan is
= Excess reserves ÷ reserve ratio
= $50,000 ÷ 20%
= $250,000
Answer:
<em>Ted's = 10/15 </em>
<em>= 2/3 = 0.67</em>
<em>Tom's = 6/8 </em>
<em>= 3/4 = 0.75</em>
Explanation:
The <em>opportunity cost </em>of washing a car in each case = No. of cars waxed by each / No. of cars washed by each
Hence, <em>Ted's opportunity cost of washing a car</em> = 10/15
= 2/3 = 0.67
And similarly, <em>Tom's opportunity cost of washing a car</em> = 6/8
= 3/4 = 0.75
<em>Thus, for washing 1 car Ted gives 0.67 portion of waxing of Car and Tom gives 0.75 portion of waxing of Car. </em>
Answer: Selling the bonds at a premium has the effect of causing the cost of borrowing money to be lower than the bond when interest is paid.
Explanation: When a bond is traded above the par value, it is being sold at premium. Since the bond is sold above it, the interest rate is higher but the cost to borrow money is lower. Purchasing a bond a premium is expensive because it is above market value but selling a bond at premium contributes to more money made off of the sale.
Answer: Integrity
Explanation:
Integrity isn't only a value in itself but a value that guarantees other values. Integrity means to be true to ones values and act in accordance to those values.
A person with integrity has ethical principles and always does the right thing. Employees like people who have integrity Workers build relationships based on integrity.
