The Apple iPod is considered a an early adopter.
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Explanation:</u></h3>
The strategy called early adoption is very essential for a business to market its product and make it a successful one. There are also many risks associated with this. The business needs to do lot of research about the requirements and the place where the customers gives more importance and then have innovative ideas in the development of the new product than the competitors.
It must be the first one to introduce the new product. The deficiencies in the existing products can also be resolved with the new products.In the given example, apple ipod changed the way the people listening to music and also introduced the accessories associated with that. Hence, The Apple iPod is considered a an early adopter.
Answer: is based on when the asset is expected to be converted to cash, or used to benefit the entity.
Explanation:
Also known as a Short-Term asset, a current asset is an item of value that a company can either use or sale within a period to gain cash to clear current liabilities. Current assets can easily be converted to cash by sales or use.
The status of this exchange of promises at this time is that it is a voidable contract.
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What is a voidable contract?</h3>
- A voidable contract, as opposed to a void contract, is a legitimate contract that can be confirmed or rejected at the discretion of one of the parties. The contract only binds one of the parties.
- The unbound party may disavow the contract, at which point it becomes null and invalid.
- Coercion, undue influence, mental incapacity, intoxication, deception, or fraud are common reasons for voiding a contract.
- A minor's contract is frequently voidable, however a minor can escape a contract only while his or her minority status and for a reasonable time after reaching the age of majority.
- The contract is regarded as ratified after a reasonable period of time and cannot be avoided.
- Other examples include real estate contracts, lawyer contracts, and so on.
Therefore, the status of this exchange of promises at this time is that it is a voidable contract.
Know more about the voidable contracts here:
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Answer:
It endures over the lifetime of a third person, after which the property passes from the tenant holder to the original grantor
Explanation:
"Pur autre vie" is a French phrase which refers to "for another's life". In such cases, the grantor passes on a property to a party, the duration of which is dependent on the life of a third person.
Upon the demise of such a third party, the estate in such a property gets reverted to the original grantor.
For example, A grants an estate in property to B, the duration of which is limited till the lifetime of C. In the event of C's death, the property reverts back to A i.e the original grantor.
<span>In the word 'slowly', 'ly' is a suffix. The suffix 'less' changes a noun into an adjective, meaning 'without'.</span>