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Zanzabum
3 years ago
8

Putnam Corporation makes a sleeping pill that is legally sold in the United States. Putnam has a contract with a chain of pharma

cies to provide 4,800 cases of the sleeping pill for retail sale. One month after the contract is signed, but before any pills have been delivered, the Food and Drug Administration passes regulations that make it illegal to buy or sell the drug because it is highly addictive and has caused high levels of abuse, as well as a few deaths. Can the pharmacy chain get out of the contract
Business
1 answer:
siniylev [52]3 years ago
6 0

<u>Answer: </u>Yes, due to the action taken by the government it makes it difficult to perform under the contract.

<u>Explanation:</u>

When the contract was signed by Putnam corporation and the pharmacies it was legal and valid contract. Due to the after effects of the pills sold by the pharmacies Food and Drug Administration has passed new regulations that the drug sold is illegal. The contract should also abide by the regulations passed by government authorities.

So the contract between the pharmacy and Putnam becomes void. The pharmacy chain is out of the contract and need not sell the drugs which are addictive and which has caused few deaths.

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Make a list of at least three items that are important to double check before submitting a loan application to underwriting. Lis
xxMikexx [17]

Answer:

Please see answers below.

Explanation:

A. Three important Items to double check before submitting a loan application to underwriting.

• Completeness of data : One has to be sure that all important details are captured hence none is left out. It means that there are no missing information on the application.

• Calculations performed accurately: This means that calculations such as borrower's income, qualifying ratios are calculated accurately and also double checked for the purpose of the loan underwriting.

• Documentations required by the loan programme. All Documentations required by the loan programme must be double checked before submitting a loan application to underwriting.

B. List at least two things you would be sure to tell a borrower in preparation for closing

• I will seek clarity in terms of the money borrower would be bringing to the closing table.

• The date,time,venue of closing are essential for the closing hence will be communicated to the borrower. Also, there are no right or wrong answers that may be asked or given by the borrower during the closing.

C. List at least three calculations that are typically used during the course of mortgage loan transaction.

• Income calculation

• Front end and back end ratio (DTI ratio)

• Monthly payment.

3 0
3 years ago
At Fantastic Flavors, a large regional chain of candy stores, employees from marketing, design, production, and finance departme
Advocard [28]

Answer:

From this description, it can be inferred that Fantastic Flavors uses a(n) Team-based new-product developmen approach

Explanation:

Team-based new-product development is an approach to developing new products in which company departments work closely together in cross-functional teams, overlapping the steps in the product development process to save time and increase effectiveness

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3 years ago
In 2014, short-term interest rates were near zero, and yet the economy was still sluggish with low rates of economic growth and
LUCKY_DIMON [66]
I don’t even know to be honest only commenting to get some points ....:
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3 years ago
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Elenna [48]

Answer:

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3 years ago
If the exchange rate for canadian and u.s. dollars is 0.82777 to 1, this implies that 3 canadian dollars will buy ____ worth of
Delvig [45]
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8 0
3 years ago
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