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Pepsi [2]
3 years ago
7

Jackson offered to sell his painting, Blue Opus #2, to Pollock for $ 10,000. Pollock was to send his acceptance by mail to Jacks

on by the 30th of the month. Before Pollock could accept the offer, Jackson died. Which statement best describes the legal status of the transaction?
a. The offer is still valid because all the required elements are present.
b. Pollock can accept the offer if he mails the acceptance before the 30th of the month.
c. Jackson's estate is bound by the exact terms of the offer and cannot raise the price.
d. Pollock cannot accept the offer because it terminated by operation of law when Jackson died.
e. Statements a, b, and c are all true statements about the offer.
Business
1 answer:
Nady [450]3 years ago
6 0

Answer:

D. Pollock cannot accept the offer because it terminated by operation of law when Jackson died.

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What would be the purchase price for a $5,000, 91-day T-bill paying 3% interest?
Nat2105 [25]
Well, you just need to find it using this formula :

5,000 x [100 % -  (3% x 91/365)]

= 5,000 x [ 100 % - 0.007479]

= 5,000 x 99.992521

= $ 4,962.50 >>> rounded

Hope this help
3 0
3 years ago
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John asked Ted why he failed to show up at the study group session. He found out that Ted had had a really tough day.
Kaylis [27]
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7 0
3 years ago
Evan has received permission from his state to form a corporation for his startup, expecting his liability would be limited to t
vekshin1

Answer:

Evan's business has no credit history.

Explanation:

As Evan has just created the company, it has no record about its ability to pay debt which is important for a bank to give a loan and it will not be willing to approve it if the company has no credit history that shows that it can make the payments. Because of that, it will require Evan to assume personal liability in order to have a guarantee that the loan would be paid back.

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3 years ago
This project is similar to a project you completed a few months ago and you would like to reference the older project for inform
Mkey [24]

Answer:

The correct answer is A. Analogous estimating.

Explanation:

The analogous estimate, also called top-down estimates, means the use of real durations of similar previous activities, as the basis for the estimation of the duration of a future activity. It is frequently used to estimate the duration of the project when there is a limited amount of project detail information (for example in the initialization phase).

The Analog Estimate is also called top-down, it consists of using the real costs of similar previous projects as a basis for the estimation of costs of the current project. This technique is frequently used when the detail of the information about the current project is limited ( for example in the early stages Analog Estimation is a form of expert judgment It is less expensive than other techniques, and usually less accurate It is more reliable when the previous project is similar in fact and not only in appearance and when groups or individuals who prepare estimates, have the required experience.

6 0
3 years ago
A perfectly competitive industry is characterized by :
Ivenika [448]

Answer: Option b

           

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Hence from the above we can conclude that the correct option is B.

5 0
3 years ago
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