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aivan3 [116]
3 years ago
10

When Paul arrived at work in the morning, he promised his co-workers that he would buy dinner for all of them that evening. He m

ade this promise because his co-workers were already obligated to stay for work late. When dinnertime came, he told his co-workers that he did not have the money to buy dinner. Has Paul breached a contract
Business
1 answer:
patriot [66]3 years ago
8 0

Answer: No, Paul has not breached a contract.

Explanation: To answer this, we must first we must define what a contract is.

A contract is an agreement between two or more people that is legally binding, and which guides or governs the actions or conducts of the parties involved.

A quality that makes a contract legally binding is that it is enforceable by law.

In the scenario given in the question above, Paul has not breached any contract because there isn't one. The promise to buy dinner has not been legally bound, therefore, it is not enforceable by law, in essence, it is not qualified to be called a contract.

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Sutton is a partner of RST Partnership. RST distributed $3,000 cash and a building with an adjusted basis of $10,000 and a fair
Eduardwww [97]

Based on the basis of the distributions and Sutton's basis in the partnership, the amount of taxable distributions to Sutton is $0.

<h3 /><h3>How much of the distributions can be taxed?</h3>

The distributions can only be taxed if they exceed Sutton's basis in the partnership of $90,000.

As neither the cash distribution nor the building, have enough to surpass Sutton's basis, the taxable distributions will be $0.

Find out more on taxable distributions at brainly.com/question/26474690.

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5 0
1 year ago
The value of a financial asset is the​ ________.
nadezda [96]

Answer: The correct answer is "B. present value of all of the future cash flows that will be received".

Explanation: The value of a financial asset is the​ present value of all of the future cash flows that will be received.

To value a financial asset, all future cash flows must be taken into account, therefore their value will be the sum of the present values of each of the future cash flows.

8 0
2 years ago
Farm products which are perishable and seasonal nature are supplied by
Daniel [21]

Answer:

★  Farm products which are perishable and seasonal nature are supplied by many producers.

Explanation:

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8 0
2 years ago
Which step minimizes project risks?
Semmy [17]

the answer i prefer is either A OR E ...cause without identifying the costs of a business u can't really run a bs successfully

6 0
2 years ago
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A property title search firm is contemplating using online software to increase its search productivity. Currently an average of
Brrunno [24]

Answer:

Explanation:

Productivity per unput dollar=Fees charged from clients/total cost to firm

There are 3 options:

1. Using current software:

Av time=40 min

Researcher's cost=$2 a min

Total cost=40*2=80

Productivity per dollar input=Fees charged from clients/total cost to firm= 400/80=$5

2.

Using company A's software

Av time=30min

Cost of reducing av time=$3.5

Researcher's cost=$2

Total =30*2+3.5=63.50

Productivity per dollar input=400/63.5=6.3

3.

Using company B's software

Av time = 28 min

Cost of reducing av time=$3.6

Researcher's cost=$2

Total cost=28*2+3.6=59.6

Productivity per dollar input=400/59.6=$6.71

Answer - Using company B's software

3 0
3 years ago
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