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pashok25 [27]
4 years ago
14

James had a contract with Frasier to fix a plumbing issue at​ Frasier's home. The contract was made for​ $3,000. After the work

was​ completed, Frasier then refused to pay anything unless James agreed to accept​ $2,500. James's attempt to make a new contract is void because it lacks consideration under the​ ________ concept.
Social Studies
1 answer:
katrin [286]4 years ago
4 0

Answer:

pre-existing duty

Explanation:

Based on the information provided within the question it can be said that this lacks consideration under the​ pre-existing duty concept. This concept states that completion of the requirements agreed upon in a contract does not allow for valid changes within the contract. Which is what James is trying to do by changing the terms of the agreement after Frasier finished abiding to his part of the contract.

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A study by Jeremy Siegal showed that since 1892, stocks have outperformed Bonds in 69% of rolling 5-year investing periods.

<h3>Do stocks outperform bonds?</h3>

According to Jeremy Siegel, they do. In fact, his research showed that since 1892, stocks have outperformed bonds 69% of the time during 5 year investment periods.

This makes sense because stocks have a higher return on bonds because they are riskier.

Find out more on stocks and bonds at brainly.com/question/20867391.

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Humphreys collecting data for the Tearoom Trade study under the pretense that he was a lookout is an example of a violation of t
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Answer:

A. Respect for persons.

Explanation:

Humphreys collecting data for the Tearoom Trade study under the pretense that he was a lookout is an example of a violation of the principle of respect for persons.

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According to this graph, approximately ___ would be supplied and demanded at the equilibrium price of __.
Inessa05 [86]

According to the graph in question, the equilibrium price is $3.50 and the equilibrium quantity is 18 widgets.

The Equilibrium point is:

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From the graph, we are shown that the point where the Supply and Demand curves intercept, gives a price of $18. This is therefore the equilibrium prize.

At that same point, the number of widgets are 18.This is therefore the equilibrium quantity.

In conclusion, the equilibrium price and quantity in that order are $3.50 and 18 widgets.

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<em>Find out more at brainly.com/question/13505685.</em>

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