Answer:
b. quasi contract
Explanation:
-Liquidated damages refers to a mechanism in a contract in which a party can request a compensation because of breach.
-Quasi contract is an agreement that is recognised by a court when there is no written contract between two parties and there is a conflict about a payment of a product or service.
-Reformation is a change made by a court in a document when one party that participates in it makes a request.
-Restitution is when someone receives a compensation for a loss or an injury.
According to the options given and the definitions, the answer is quasi contract.
Answer:
Jerry's gain on the sale= $28,500
Explanation:
When Jerry sells his interest in JJM to Lucia his basis ($54,250) is what he owes and will be taken out of the proceeds he will get for selling his interest in the company.
Therefore
Jerry's gain on the sale= Amount of sale- Jerry's basis
Jerry's gain on the sale= 82,750- 54,250
Jerry's gain on the sale= $28,500
Answer:
The bank is holding $19.5 million in excess reserves.
Explanation:
If the bank has $300 million is deposits and the reserve ratio is 8.5% then the bank needs to have minimum reserves of 8.5% of 300 million so the minimum reserves are 0.085*300 million = 25.5 million
How ever the actual reserves of the bank is the difference between deposits and loans. The deposits are 300 million and loans are 255 million so the actual reserves are 300 million-255 million= $45 million
Excess reserves is the difference between the actual reserves and the minimum reserves so 45 million - 25.5 million = 19.5 million.
Answer:
The correct answer is letter "B": Domestic.
Explanation:
Regardless of the type of entity, <em>Limited Liability Companies</em> (LLCs), <em>Limited Partnerships</em> (LPs), and <em>Limited Liability Partnerships</em> (LLPs), organizations that operate in the state where they were incorporated are called domestic. For example, if an LLP is formed in New York, the LLP will be considered a domestic entity within the state of New York.
Answer:
Yes, I would recommend those sleeping 9 hours to consider sleeping 6 or 7 hours.
Explanation:
First of all, the sample of the study is very representative because the amount of observations is quite big: 1.1 million!. This means that the results of the study have a very low margin of error, and therefore, can be trusted.
Secondly, the calculations are simple, but correct. The easiest way to determine the mortality rate is to divide the number of people who died by the number of people who are still living, and who belong to the same sample.
