All categories

3 years ago

A title for goods obtained by a seller through fraud, impersonation, or a dishonored check is referred to as a(n. ________.

Business

1 answer:

Aliun [14]3 years ago

3 0

Answer:

voidable title

Explanation:

A voidable title is considered good and valid title until voided.

For example, I purchase a PS4 from my nephew who is a minor and I sell it to my neighbor, and my neighbor purchased it on good faith. My nephew can decide to void the contract because he was a minor, but since I passed good title to my neighbor while the contract was valid, my neighbor doesn't have to return the PS4.

The difference with a void title is that a void title was never good and valid.

On the other hand, if I had stolen the PS4, I would never have good title over it, and I sell it to my neighbor. The rightful owner of the PS4 can claim it back and my neighbor must return it because the contract was void since I never had good title on the PS4.

You might be interested in

The Geostar Company, leading manufacturer of wireless communication devices, is considering three cost-reduction proposals in ts

S_A_V [24]

Answer: Alternative 3 will be selected.

Explanation:

The system that should be selected is the alternative that is better than the other alternatives by being higher than MARR if selected.

First compare A1 to A0

The rate of return here is 18% which is higher than the MARR of 15% so Alternative 1 should be chosen over A0 which is to do nothing.

Compare A1 to A2

If A2 is chosen over A1, the incremental return is 10% which is less than the MARR of 15% so A2 should not be chosen over A1. A1 should instead be chosen over A2.

Compare A1 to A3

If A3 is chosen over A1 then the incremental return would be 18%. This is higher than the MARR of 15% so Alternative 3 should be chosen over Alternative 1.

Alternative 3 should be chosen over A1 which should be chosen over A2 and A0.

A3 will therefore be selected.

7 0

2 years ago

At a price of $10, the marginal revenue of a monopolist is $6. if the marginal cost of production is $8, what should the monopol

Eduardwww [97]

At a price of $10, the marginal revenue of a monopolist is $6. if the marginal cost of production is $8, the monopolist should keep the price at same level in order to maximize profits.

For increasing the profits the monopolist should increase the marginal revenue to $8 so that the mr =mc.

Every firm follows the rule of profit maximization. In this rule marginal cost is equal to the marginal revenue and the MR intersects the MC curve the profit will be the maximum at this level.

The marginal cost of production and marginal revenue are the economic measures which are used to determine the amount of output and the price per unit of a product that will maximize profits.

To know more about marginal revenue here:

brainly.com/question/13383966

#SPJ4

6 0

2 years ago

Confronted with the same unit cost data, a monopolistic producer will charge Group of answer choices

dsp73

Answer:

a higher price and produce a smaller output than a competitive firm

Explanation:

A monpolistically competitive firm is a firm that :

1. Sells differentiated products from other firms in the industry.

2. Has many buyers and sellers

3. Is a price maker

4. Has no barrier to entry or exist of firms

An example of a monpolistically competitive firm is a resturant.

A competitive firm is a firm that:

1. Sells identical goods with other firms in the industry.

2. Is a price taker . Prices are set by forces of demand and supply

3. Has many buyers and sellers

4. There are no barriers to entry or exist of firms.

When a monopolistic and competition firm are faced with the same unit cost, a monopolistic firm would aim to earn profit by increasing its price and reducing the quantity produced.

While a perfect competition would sell at the price set by the forces of demand and supply. The firm can increase the quantity produced in order to increase revenue.

A monopolistic firm is able to charge a higher price for its products while a perfect competition isn't.

5 0

3 years ago

The journal entry for the purchase of inventory on account using the perpetual inventory system is

alexandr1967 [171]

Answer:

D. Merchandise Inventory xxx

Accounts Receivable xxx

Explanation:

The Journal Entry is shown below:-

Merchandise Inventory A/c Dr, xxx

To Accounts Payable xxx

(Being purchase of inventory on account is recorded)

Therefore inventory is purchased so it will increasing assets, it is debited while accounts payable is increasing liabilities so it is credited.

5 0

3 years ago

Nolan Company's cash account shows a $22,064 debit balance and its bank statement shows $22,531 on deposit at the close of busin

Bezzdna [24]

Answer:

Nolan Company

Bank Reconciliation

June 30

Balance per cash book 22,064

Less: Bank Service charges ( 24)

Add: Error in recording payment ( $ 59- $ 50) 9

Add: Interest earned 27

Adjusted balance per cash book 22,076

Balance per bank statement 22,531

Less: Outstanding checks ( 2,655)

Add; Deposits in Transit 2,200

Adjusted balance per bank statement 22,076

Explanation:

The bank service charges and the interest earned appear on the bank statement and has to be adjusted in the cash book balance. The errors found in recording the payment at $ 59 instead of $ 50 results in an overpayment and the correction needs to be added to the cash book balance

the outstanding checks has not yet been cleared by the bank so there is a reduction on the bank statement balance. The deposits in transit has not been received by the bank so needs to be adjusted as an addition on the bank statement balance.

3 0

3 years ago