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djyliett [7]
3 years ago
8

Helen worked for ABC Motors for 25 years. The president of ABC said to her: "In consideration of your past service for 25 years,

I promise to give you a new car next week." However, he did not give the car. Is this promise legally enforceable
Business
1 answer:
anastassius [24]3 years ago
8 0

Answer:

No, legal consideration is absent

Explanation:

According to the given situation, the President of ABC company was promised to Helen to give a new car next week as Helen worked for 25 years. But the president did not give the car as he promised to the Helen.

In this case, there was a promise which was verbal, not in the way of legal consideration, which means there is no proof so that Helen can claim from the president.

Therefore the correct answer is No, legal consideration is absent

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Greg's band wants to form a partnership. General partners will include the drummer, two guitarists, one keyboardist, and one sin
Viktor [21]

Answer: <em>Limited partnership.</em>

Explanation:

Limited Partnership is referred to as a partnership which generally consist of a partner, who tends to manage the business and thus has unlimited or inconsiderate personal liability for obligations and debts of Limited Partnership,also another limited partner, which has a limited liability and thus cannot get involved in management.  This type of partnership is also known as the entity that is considered as a popular choice for accounting, finance and law firms.

3 0
3 years ago
Quinn has job offers in Wrexington and across the country in Charlieville. The Wrexington job would pay a salary of $50,000 per
Flauer [41]

Answer:

a. take the Charlieville job

Explanation:

The salary in Wrexington is $50,000 per year and CPI  is 150

The salary in Charlieville is $40,000 per year and CPI  is 90

now we need to compare the salaries dollar

The Wrexington in Charlieville dollar is CPI = 90/150*$50,0000 = $30,000 per year . This means $50,000 per year from Wrexington is worth $30,000 per year in Charlieville . The $30,000 per  is below the $40,000 per year is salary in Charlieville . There Quinn must take the Charlieville job . Answer is a.

4 0
3 years ago
Complete the following statement. Merchandise inventory that is still available for sale is considered a(n) (asset/expense/reven
Taya2010 [7]

Answer:

Asset

Balance Sheet

Expense

Income statement

Explanation:

An asset is defined as a property of company, from which future economic benefits will arise, as for inventory in hand, the inventory can be sold in future and then future benefits will arise from such sale. Thus, it is an asset and assets are reported in balance sheet.

The expenses are the cost associated to earn the revenue, as when any inventory is sold the inventory is recorded as an expense called cost of goods sold, which is recorded in income statement.

8 0
4 years ago
Read 2 more answers
High government expenditures can lead to a bigger
REY [17]

Answer:

deficit.

Explanation:

The term deficit describes the scenario where government expenditures exceed the projected revenues.  It is when the government intends to spend more money than it can raise.  Therefore, a deficit is when the government expenses are more than the revenue collected.

Defic contrasts with a surplus, which is a situation where revenues exceed expenses. The government borrows from the domestic and international markets to cover the shortfall associated with a

4 0
3 years ago
Read 2 more answers
Which of the following statements is a valid critique of rational choice theory?A. People will rarely choose the acceptable opti
ohaa [14]

Answer:

B. People do not like to act predictably, even with perfect information.

Explanation:

Rational choice theory states that people tend to make logical calculations when they are trying to make choices. This is aimed at making sure that choices made are in line with their objectives.

The expectation is to provide the individual with greatest satisfaction.

Therefore people choose the optimal solution and not just the acceptable one.

The individual's ability to conduct analysis can limit their rationality.

However the statement that people do not act rationally even with perfect information is in conflict with the rational choice theory

4 0
3 years ago
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