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
Nuetrik [128]
3 years ago
7

Statutes prohibit police officers from demanding money for investigating and apprehending criminals and prohibit firefighters fr

om demanding payment for fighting fires. However, one angry police officer demands payment for his job. He feels it’s only fair. A citizen who knows the police officer agrees to this demand.The citizen, however, does not have to pay because the police officer has __________.
Business
1 answer:
irakobra [83]3 years ago
3 0

Answer:

The citizen, however, does not have to pay because the police officer has a pre existing duty.

Explanation:

"Preexisting duty rule is a common-law rule of contract. It says that the rule that performance of an act by which a party is already contractually bound to perform does not constitute valid consideration for a new promise. In other words, a party's offer of a performance already required under an existing contract is an insufficient consideration for modification of the contract."

Then, the citizen doesn't have to pay because the police officer has an existing contract, and it's considered an insufficient consideration for modification of that contract.

Reference: US Legal, Inc, 2019. “Preexisting Duty Rule Law and Legal Definition.” Preexisting Duty Rule Law and Legal Definition | USLegal, Inc., 2019

You might be interested in
GDP, or Gross Domestic Product is (most precisely) defiend as Your answer: value of all final goods and services produced for th
ser-zykov [4K]
GDP is the total market value of all final goods and services produced within a country in a given period of time.
8 0
3 years ago
List 4 stakeholders
Arada [10]

Answer:

Employees,Governments,Local communities,customer

4 0
2 years ago
A company uses the declining-balance method of calculating depreciation expense.On January 1, the company buys machinery for $75
elixir [45]

Answer:

Book value for the 3rd year = $ 750,000 - $366,000 = $ 384,000

Explanation:

Straight line rate= 100 % ÷ Useful Life = 100 ÷ 10= 10 %

Double Declining rate = 2 * Straight Line rate= 2 * 10= 20 %

Depreciation expense= Double  declining balance rate * Beginning period book value

Depreciation expense for the first year =    20 % $ 750,000= $ 150,000

Book value for the first year = $ 750,000 - $ 150,000= $ 600,000

Depreciation expense for the 2nd year =    20 % $ 600,000= $ 120,000

Book value for the 2nd year = $ 750,000 - $ 270,000= $ 480,000

Depreciation expense for the 3rd year =    20 % $ 480,000= $ 96,000

Book value for the 3rd year = $ 750,000 - $366,000 = $ 384,000

5 0
3 years ago
In a class of 28 students,18 are in Math Club,15 are in Science Club and 8 are in English Club.There are 10 students in both Mat
ruslelena [56]
18 students belong in two clubs
8 0
3 years ago
a company had net revenues of $1,800,000 and total expenses of $800,000, not including income taxes. it paid $300,000 in dividen
Gnesinka [82]

The company's total expenses, excluding income taxes, were $800,000, with net revenues of $1,800,000. It distributed dividends of $300,000. and it has a net income of $1,000,000 before taxes.

Net revenues = $1,800,000

Less: Total expense = $800,000

Net income before tax = $1,000,000

A dividend is a payment made by a company to its shareholders out of its profits. When a business generates a profit or surplus, it can distribute a portion of that profit to shareholders in the form of a dividend. Any unused funds are retained and reinvested back into the company. Both the profit from the current year and the retained earnings from prior years are available for distribution; a corporation is typically not allowed to pay a dividend out of its capital.

The amount that is distributed to shareholders may be paid in cash (typically a deposit into a bank account) or, if the company has a dividend reinvestment plan, it may be paid by the issuance of additional shares or the repurchase of shares.

To learn more about Dividends visit here:

brainly.com/question/28044310

#SPJ4

8 0
10 months ago
Other questions:
  • "tom is employed by acme industries and is covered by its group long-term disability plan. the company pays 80 percent of the pr
    8·1 answer
  • QUESTION 1
    13·1 answer
  • Future Motors is expected to pay a $3.30 a share annual dividend next year. Dividends are expected to increase by 3.75 percent a
    5·1 answer
  • A decrease in the cost of production will lead to a(n) _____ in supply.
    11·1 answer
  • NEED ANSWER QUICKLY BEFORE 11:59 AM
    5·1 answer
  • Regarding CRM, a _____ is a general method or type of interaction with a customer, such as a telephone or a customer service des
    9·1 answer
  • Assume that the real GDP in Year 2022 is $8000 and the GDP deflator is 200. Calculate the Nominal GDP. Show your work. *
    12·1 answer
  • Type the correct answer in the box. Spell all words correctly.
    8·1 answer
  • What are some factors that explain why people save for the future? (check all that apply.)
    5·1 answer
  • A firm's unwillingness to alter how things are currently done is known as ______
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!