Answer: The court would likely approve Elliot's request in the following situation: <u><em>The corporation was under-capitalized from the beginning, and never had sufficient assets to operate as a viable business.</em></u>
Under the given scenario i.e. for a breach of contract , the condition will apply if the corporation i.e. Acme Inc. was under-capitalized from the start, and they never had predominating assets to work as a viable organization.
<u><em>Therefore the correct option is (a)</em></u>
Answer:
Hannah will lose her suit.
Explanation:
Niels and Hannah did not have a binding deal. They did not decide on a specific lot of land or on a price. It is never even decided how the two of them will decide on a fair method of agreeing on the price. Don't be fooled by words like binding contract. The terms are too vague and therefore Hannah will ultimately lose the case.
Product Life Cycle, for which the stages include launch, growth, saturation and decline. Hope it helps!
Answer:
$15,500
Explanation:
Whenever there is a movement in cash over a given period, it is usually as a result of receipts and disbursement over the period and can be denoted as;
Opening balance + Receipts - Disbursements = Closing balance.
However, if the company intends to maintain closing balance, the amount to be borrowed would form part of the receipts.
$18,500 + receipts - $189,000 = $30,500
Receipts = $30,500 + $189,000 - $18,500
Receipts = $201,000
Given budgeted cash receipts, totalled $185,500, then amount to borrow
= $201,000 - $185,500
= $15,500
Based on the percentage that SBA guaranteed out of Nancy's loan, the bank stands to lose $11,250.
<h3>How much does the bank stand to lose?</h3>
The bank stands to lose the amount that wasn't guaranteed by the SBA in the event that Nancy Appleton's business fails.
This amount can be found as:
= Loan amount x ( 1 - percentage guaranteed)
Solving gives:
= 45,000 x ( 1 - 75%)
= $11,250
Find out more on loan guarantees at brainly.com/question/9636559.
