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3 years ago

The criteria that parties to a contract must be in agreement is also known as

Business

1 answer:

irga5000 [103]3 years ago

7 0

Answer:

C: Mutual Assent.

Explanation:

Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.

Hence, the criteria that parties to a contract must be in agreement is also known as mutual assent.

<em>In a nutshell, mutual assent connotes agreement, acceptance and consent to a contract by both parties. </em>

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If the price of good X rises and the demand for good X is inelastic, then the percentage fall in quantity demanded is __________

Dominik [7]

If the price of good X rises and the demand for good X is inelastic, then the percentage fall in quantity demanded is greater than the percentage change in price, and total revenue falls.

Demand elasticity, often known as the elasticity of demand, gauges how consumers react to changes in price or income. Due to the fact that the price of a good or service is the most typical economic component used to measure it, it is frequently referred to as price elasticity of demand.

The whole amount of money a seller can make by providing goods or services to customers is known as total revenue. The formula for this is P $\times$ Q, or the purchase price times the quantity of the products sold.

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2 years ago

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2 years ago

Which one is NOT a competing value:

IgorLugansk [536]

Short Term vs Long Term is NOT a competing value.

<h3>Competing value</h3>

Competing value are range of values and priorities that determine and influence a community's culture.

Examples of Competing value are <em>Justice vs Mercy, Truth vs Loyalty, Person vs Society.</em>

Short Term vs Long Term is NOT a competing value.

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2 years ago

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stiv31 [10]

Answer:

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Explanation:

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Vikentia [17]

Answer:

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Explanation:

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