Answer: It's still in place because it doesn't terminate on the death or incompetence of the principal.
Explanation:
Agreement that exists between people are usually standing so long both parties are still alive, in most cases, the agreement may still stand with the death of one party, depending on what was written or agreed upon by both parties. The agreement between Maxwell and Rufus is still in place because it doesn't terminate on the death or incompetence of the principal.
The agreement would even stand even if one of the party ain't alive anymore.
Answer:
Explanation:
Income Statement
$
Revenue 32,800
Expenses <u> (14,600) </u>
Profit <u> 18,200 </u>
Statement of changes in stockholders’ equity
Retained Earnings :
Profit for the year 18,200
Cash dividend paid <u>(2,900 )</u>
Retained earnings as at 31/12/18 <u> 15,300 </u>
Balance sheet
Current Asset :
Cash Balance ( 32,800-2900) 29,900
Stockholders' Equity :
Retained earnings 15,300
I would say that GSI would be liable for the cost of the new sewage and water disposal system since they incorrectly reported it as in good working order or at least they should be liable for the leach field, the distribution box and the cost of making the tank watertight.
Price inelastic. If the percentage change in quantity demanded is less than the percentage change in price, demand is said to be price inelastic, or not very responsive to price changes.
