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jekas [21]
3 years ago
13

Which of the following statements (if later established as untrue) would constitute a misrepresentation defense to contract form

ation? a. "You are going to love this house as we have." b. "The school system here is very fine." c. "This farm's well is adequate for household, ranch, and crop needs." d. "Our buyers are the happiest customers around."
Business
1 answer:
schepotkina [342]3 years ago
6 0

Answer:

c. "This farm's well is adequate for household, ranch, and crop needs."

Explanation:

In common law jurisdictions, a misrepresentation is an untrue or misleading statement of fact made during negotiations by one party to another, which induces the other party to enter into the contract.

Only option C above reflects a statement that can be made during negotiation and would most likely induce the acquiring or renting party to enter the contract because it is a benefit on which the price of the property can be determined and buyers respond to perceived benefits.

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The situation where the quantity supplied of a good is greater than the quantity demanded at
aliina [53]

Answer:

Excess supply

Explanation:

Demand is the quantity required or requested by buyers while supply is the quantity of a good that a producer is able to supply to the buyer.

When demand is equal to supply there is equilibrium and no excess in demand or supply.

However when the amount supplied exceeds the demand for a product there will be excess product in the market. This is called excess supply.

Conversely when the quantity demanded is more than that supplied it is excess demand

8 0
2 years ago
lucy invests $800 in an account that earns 6.12% annual interest compounded continuously. juan invests $1600 in an account that
Len [333]

Answer:

Both their investments will reach a similar value in 32 years, 9 months and 8 days. Both accounts will have exactly $5,606.

Explanation:

Original investment:              $800 at 6.12%                    $1,600 at 3.9%          

future value 10 years                     $1,449                                $2,346

future value 20 years                   $2,624                                $3,439

future value 30 years                   $4,753                                $5,042

future value 31 years                    $5,044                                $5,238

future value 32 years                   $5,353                                $5,442

future value 33 years                   $5,681                                 $5,655

It will take over 32 years for both investments to match their amounts.

to determine the approximate month we start with the future value in 32 years:

                                                         $5,353                          $5,442

future value in 6 months                 $5,517                           $5,548

future value in 9 months                $5,599                           $5,601

future value in 9 months                                                                          

and 5 days                                      $5,603                           $5,604

future value in 9 months                                                                          

and 8 days                                      <u>$5,606</u>                           <u>$5,606</u>

7 0
3 years ago
Derived demand is demand: Group of answer choices
Aleks [24]

Answer:

C) linked to the production and sale of some other item.

Explanation:

• Derived demand is an economic term describing the demand for a good/service resulting from the demand for an intermediate or related good/service.

• Derived demand is solely related to the demand placed on a good or service for its ability to acquire or produce another good or service.

• The principles behind derived demand work in both directions; if the demand for a good decrease, the demand for the goods required to produce the item will also decrease.

5 0
3 years ago
Banks channel money from savers to borrowers to _____. investors the government scarce resources
inn [45]
Investors would be the answer 
8 0
2 years ago
A characteristic of centrally planned economies is that:
photoshop1234 [79]

Answer:

The correct answer is letter "B": the price is relatively unimportant in allocating resources.

Explanation:

Centrally planned economies or command economies are those managed by the government that dictates production quotas and distribution levels and determines prices. Private ownership is null in centrally planned economies since the government is the owner and distributor of land, labor, and capital.

<em>Allocation price is irrelevant when it comes to command economies since only those vital goods such as staples are paid attention.</em>

4 0
3 years ago
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