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andrey2020 [161]
3 years ago
5

A principle under which the intent to form a contract will be judged by outward, objective facts as interpreted by a reasonable

person, rather than by the party's own secret, subjective intentions is called:_________
Business
1 answer:
andriy [413]3 years ago
5 0

Answer:

Objective Theory

Explanation:

The Objective theory states that the intent to form a contract will be judged by outward objective facts such as the words and actions of the party instead of the secret, subjective intentions. This theory replaced the Subjective theory in the late nineteenth century. The former theory was of the opinion that the meeting of minds, which translates to the unexpressed intentions of the party would form a basis for interpreting the intent to form a contract.

The objective theory is important as it advocates freedom to a fair hearing, freedom of contract, and personal independence or sovereignty.  

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Three accuracy problems with the consumer price index (CPI) are Group of answer choices price confusion, substitution, and quali
vredina [299]

Answer:

Option b (Substitution.....services) is the appropriate choice.

Explanation:

  • The above leads to calculating difficulties as well as the failure throughout the Index to identify better products and services contributing to less precise inflation outcomes.
  • It does not take account of the replacement facilities, which arise when an increase throughout the price of one promising recommendation to a replacement including its good by another, which often increases the costs of one quality.

The other options are not related to the given scenario. So the above is the correct choice.

7 0
3 years ago
Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted
Reptile [31]

Answer: a.$4,576

Explanation:

Sometimes the cash balance according to the books is not the same as the cash in the bank account and this is due to some transactions not being recorded by either the bank or the firm.

Adjusted cash balance per books = Unadjusted cash balance + Note receivable and interest collected by bank - Bank charge for check printing - NSF Check

= 4,022 + 746 - 28 - 164

= $4,576

3 0
2 years ago
A local restaurant offers an "all you can eat" Sunday brunch for $12. Jenica eats two servings but leaves half of a third helpin
pshichka [43]

Answer:

C. Her marginal value of an additional bite of food has fallen to zero.

Explanation:

Marginal value is a concept used in understanding consumer choices and can be defined as the incremental value derived from consuming an additional unit of a product or service. Jenica's marginal value has fallen to zero since she does not derive any more value from consuming an additional bite of the remaining or uneaten portion of food.

4 0
3 years ago
Although mcdonald's (opening case) is competing in an unattractive industry, it has improved its performance by focusing on prod
Finger [1]

The resource based model.

The resource based approach says organizations should look inside their company for sources of improvement and competitive advantage rather than looking outside to their environment (such as their industry).

4 0
3 years ago
Cleoca is considering renting a car for the weekend. The weekend daily rate is
irina [24]

Answer:

$119.97

Explanation:

Given,

The weekend daily rate for the rental cost = $39.99

Total number of days = Friday morning, Saturday, and Sunday = 3 days

The rental cost for renting Cleoca's car for the weekend = Number of weekend days × the weekend daily rate for the rental cost

The rental cost = $39.99 × 3 days

The rental cost = $119.97

Therefore, her rental cost for renting the car is $119.97 for the weekend.

8 0
3 years ago
Read 2 more answers
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