1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alex777 [14]
3 years ago
14

On may 1, newtown motors, a used-car dealer, wrote a letter to o'reilly, which stated, "we have a 1969 pontiac firebird in mint

condition that we will sell you for $12,500 at any time before june 1. [signed] newtown motors." by may 15, having heard nothing from o'reilly, newtown motors sold the firebird to another party. on may 25, o'reilly told newtown motors that he accepted the offer and tendered $12,500. when newtown motors told o'reilly it had sold the car to another party, o'reilly claimed newtown motors had breached their contract. is newtown motors in breach? explain.
Business
1 answer:
Studentka2010 [4]3 years ago
6 0
<span>I don't think there was any official contract set in place. It says they wrote a letter and said they'd sell it before June 1st. However, this wasn't a contract. It was only a letter of information. No one had a contract so no contract could have been breached.</span>
You might be interested in
Consider a European put option with strike price $30 and time to expiration 1 month. Assume the underlying stock price does not
dexar [7]

Answer:

$7.90

Explanation:

Calculation for lower bound on the current value of the European put option

Using this formula

Lower bound current value for European put option = Ke^–rt –So

Where,

Rf represent risk free rate 4%

K represent (Strike price) = $30

(t) represent Time = 1 month = 1/12 year

(So) represent Stock price = $22

Let plug in the formula

Lower bound current value for European put option = [30e^–0.04 x (1/12) ] – 22

Lower bound current value for European put option = $29.90 – $22

Lower bound current value for European put option = $7.90

Therefore the lower bound on the current value of the European put option will be $7.90

6 0
2 years ago
PLZ HELP
pochemuha

Answer:

D. Government agency report

Explanation:

D. makes the most sense!! Good luck!

7 0
2 years ago
Read 2 more answers
Mark the three choices that are true of a living trust.
AlekseyPX
<span>When the minor children reach a certain age, the living trust is always discontinued: FALSE
A living trust is established while the owner of the property or money put in trust is still alive.TRUE
The estate is managed, invested, and controlled by the trust agency or person.TRUE
The profit is paid to the owner during his lifetime, and to whomever he names upon his death. TRUE</span>
7 0
2 years ago
Read 2 more answers
Ian Burns is the new payroll accountant for ECG Marketing. Certain employees have been requesting changes in classification from
Nookie1986 [14]

<u>Solution and explanation:</u>

<u>The Fair Labor Standards Act defines three tests that an employee must be eligible to be considered under the 'Exempt' category. </u>

These include the following :

<u>1.Salary Level Test :</u> Employee must be paid minimum of $23,600 per year ($455 per week) to be considered Exempt.

<u>2.Salary Basis Test :</u> The representative must be paid on a Salary Basis, a fixed ensured least installment must be made for any workweek for the playing out any work. This would be dependent upon admissible and impermissible derivations that decide the premise of installment. Special cases to this standard are School educators, Lawyers, Doctors, and some others.

<u>3.Duties Test</u> : The actual jobs performed by the employee must be within the qualified exempt category of high level work. These are broadly classified as Executive, Professional; and Administrative job duties.  

Thus, following out of the above will be considered for the purpose of classification to Exempt employees category:

<u>- Reimbursement of board, lodging, facilities availed </u>

Whether these form part of the compensation structure and the gross payments fall within the ambit of Levels test.

<u>- Compensation such as discretionary bonus </u>

These to be considered as part of Salary and to check whether the payments fall within the above stated levels and also the Basis of these payments whether on continuing salary or otherwise.

<u>-Duties </u>

The actual duties performed to be checked whether these fall within the exempt category.

Thus, the above stated three tests must be cumulatively passed in order to be eligible to classified as 'Exempt' Employee.  

8 0
3 years ago
A(n) ________ represents a condensed version of the registration statement that enables prospective investors to evaluate a stoc
stiks02 [169]

Answer:

D. prospectus

Explanation:

prospectus is a term used in company law, it can be regarded as a formal and legal document that are used for invitation of offers from the public, so that public can subscribe to or purchase any securities. prospectus is basically a formal and legal document issued by a body corporate which acts for inviting offers from the public for subscription or purchase of any securities.prospectus is usually issued by a body corporate. And in this case the entitlement on issueing of prospectus is open to the every public company so that they can issue prospectus for shares or debentures, however not required as far as private company is concerned. It should be noted that prospectus represents a condensed version of the registration statement that enables prospective investors to evaluate a stock for possible purchase.

3 0
3 years ago
Other questions:
  • The demand for an electronic component is normally distributed with an average daily demand of 500 units and a standard deviatio
    7·1 answer
  • The operations, management, and regulation of a financial conglomerate are the same irrespective of the types of services offere
    10·1 answer
  • If a firm is currently in a​ short-run equilibrium earning a​ profit, what impact will a​ lump-sum tax have on its production​ d
    11·1 answer
  • A sporting goods store purchased $10,150 worth of ski boots in October. The store had $4,350 of ski boots in inventory at the be
    9·1 answer
  • 1. What characteristics of sales promotions account for the high levels of expenditures that have been allocated to them in rece
    7·1 answer
  • Relationship between democracy and free market economy?
    14·1 answer
  • Martinez Corporation purchased machinery on January 1, 2022, at a cost of $268,000. The estimated useful life of the machinery i
    5·1 answer
  • 01
    13·1 answer
  • What is application software used for?
    13·1 answer
  • If an economy produced 220 pounds of jelly beans at $5 per pound and 90 pounds of gum drops at $2 per pound in 2016, its real gr
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!