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blsea [12.9K]
4 years ago
9

When recording transactions in two or more accounts and the totals of the debits and credits are equal, it’s called A. debiting.

B. crediting. C. posting. D. double-entry bookkeeping.
Business
1 answer:
zepelin [54]4 years ago
4 0
D. double entry bookkeeping
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Jennifer wants to sell her car and Timmy agrees to purchase it. Jennifer and Timmy become involved in an over-the-phone negotiat
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The contract between Timmy and Jennifer is not valid for legal claims because there are no ways to prove the terms they agreed to for the sale/purchase of the car.

<h3>What is a valid contract?</h3>

When we enter into an agreement with another person to carry out any commercial activity, we generally must create a document in which all the terms and conditions of the contract are established in order to bind both parties to comply with the contract.

If another type of contract is made, for example by telephone, spoken or other modality that does not have ways of verifying what was agreed, it can be considered as invalid contracts.

Based on the above, the contract that Jennifer made with Timmy over the phone is invalid because there is no way to check what they agreed to.

Learn more about contracts in: brainly.com/question/2669219

#SPJ1

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you decide to reduce the amount you spend eating out by $175 a month and invest the total saved at the end of each year in your
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It will be worth £2362.50
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Retired people will be draining the u.s. economy of wealth. this is due to:
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Len contracts to work for Media Corporation during May for $4,500. On April 30, Media cancels the contract. Len declines a simil
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Answer:

The correct answer is:

$3,500 (b.)

Explanation:

Compensatory damages are money paid to the plaintiff, to pay for losses incurred, injury or damages by negligence or unlawful conduct of the defendant in a civil court case. Before these compensations can be paid, the plaintiff has to prove in amount, the losses incurred and that these losses are directly related to the activity of the other party. Since the amount lost due to the choosing of the failed contract is $3,500, the plaintiff can file a suit for the compensation of the same amount.

On another hand, punitive damage may be compensation that is over and above the losses incurred by the plaintiff, and this is aimed mainly to provide an incentive against the repetition of such acts that caused the plaintiff such losses.

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4 years ago
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