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Keith_Richards [23]

3 years ago

14

When only one party to a contract is mistaken about a material fact that is the subject matter of the contract, that party will

not be permitted to rescind the contract.
a. True
b. False?

1 answer:

Genrish500 [490]3 years ago

8 0

It would be a. hope that helps

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Kate and tom are dating. kate's car breaks down and she calls tom to come pick her up because she is stranded. if tom chooses to

Nikolay [14]

Helping each other when needed increases the feeling of respect and love for that makes any relationship much stronger.
In the above question, if Tom chooses to go and help Kate, it will to build a trust between both of them. Kate will feel that she can rely on Tom and he will always help her when needed. Tom will also start liking Kate more after helping her.

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4 years ago

A(n) _____ is a business organization formed under federal tax law that is considered a corporation but is taxed like a partners

valentinak56 [21]

A business organization that is formed under federal tax law is the Limited Liability Company which is considered a corporation but is taxed like a partnership.

<h3>What is tax law?</h3><h3 />

There are some legal rules that are made by the higher authority, in which it is stated how much the state, local, and federal governments will apply the charge to the individual.

These rules are known as the tax law. Apart from the charges it also covers various things, such as procedures, policies, and penalties that are in the context of everything that has to do with tax issues.

Thus, a Limited Liability Company can be considered a corporation but is taxed like a partnership.

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3 0

2 years ago

A trial balance consists of:Multiple ChoiceA two-column financial statement intended for distribution to interested parties outs

icang [17]

Answer:

A two-column schedule listing names and balances of all ledger accounts.

Explanation:

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.

Generally, financial statements are the formally written records of the business and financial activities of a business entity or organization.

There are four (4) main types of financial statements and these are;

1. Balance sheet: it contains financial information about assets, liability, and equity.

2. Cash flow statement: it contains financial information about operating, financial and investing activities.

3. Income statement: it contains financial information about the income and expenses of an organization.

4. Statement of changes in equity: it contains financial information about profits or loss, dividends, etc.

A trial balance consists of a two-column schedule listing names and balances of all ledger accounts.

5 0

3 years ago

House finches were found only in western north america until 1939, when a few individuals were released in new york city. these

dsp73

It would be an example of<u> "allopatric speciation".</u>

Allopatric speciation will be speciation that happens when two populaces of similar species end up confined from each other because of geographic changes. Speciation is a slow procedure by which populaces advance into various species. An animal types is itself characterized as a populace that can interbreed, so amid speciation, individuals from a populace shape at least two particular populaces that can never again breed with each other.

8 0

3 years ago

Next, when the firms recover from the flood and businesses can start to operate again, the short-run aggregate supply curve will

Westkost [7]

When the firms recover from the flood and business start to operate again, the short-run aggregate supply curve will <u>shift to othe left to SRAS2 (B)</u> because the firms need more capitals to start producing then raise the product price. After this last shift in the aggregate supply curve, the economy will be at <u>Point B (B)</u> because the aggregate demand remains and people tend to buy fewer units of product. Finally, also suppose that people expect that there will be a huge rebuilding effort. Based on this expectation, the aggregate demand curve will <u>shift to the right to AD2 (B). </u>Because of aggregate demand's response to the expected rebuilding effort, the economy will be at <u>point D (D)</u> where the real GDP remains but inflation takes place.

To understand this case better, please take a look at the graph below.

We assume that the original position of the short-run aggregate supply is SRAS1.

When the firms recover from the flood and start to operate again, they need more capitals to produce their products. They need more capitals and investments to operate their manufacturing again. These investment and capitals could be used to reparation their machines and repurchasing new raw materials. Align with increase in costs, the firms need to raise the product price to gain some profits. Hence, the short-run aggregate supply will shift to the left and move to SRAS2 position.

Without any intervention, the new equilibrium will move to the point B where people will buy fewer units of product at the same original price. People will reject to spend more money to buy the same amount of products as before flood happens.

The government then will make public rebuilding investments and give hopes to people. People who are now expecting a huge rebuilding effort become confidence to spend more money on purchasing the products. This condition will shift the aggregate demand curve to the right.

Because of this movement, the new equilibrium will be made. This new equilibrium will be in the long-run aggregate supply (LRAS) curve but with higher vertical position. This new equilibrium shows that the real GDP will remain the same, but there will be increase in prices or inflation.

This scenario demonstrates an inflation scenario called Cost-Pushed Inflation. Cost-Pushed Inflation happens when SRAS shifts when there is an increase in production costs or products prices. AD then will shifts because of government's policy to inject money through public investment.

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7 0

1 year ago