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n200080 [17]
3 years ago
5

Mr. Green and Mr. Blue contract orally to transfer 500 widgets for $1,000. Mr. Blue sends Mr. Green a receipt one week after the

agreement. If Mr. Green now refuses to recognize the agreement a court will find what
Business
1 answer:
Jlenok [28]3 years ago
4 0

Answer:

That a memorandum of understanding was created by the receipt sent by Mr. Blue and an

enforceable agreement exists

Explanation:

A memorandum of understanding is an agreement between two or more parties stating a lone of action that is binding on the participants.

This is used in place of a legally enforceable agreement. Like a formal gentlemen's agreement.

In this instance they agree orally to transfer 500 widgets for $1,000. Mr. Blue sends Mr. Green a receipt one week after the agreement.

The act of sending a reciept establishes the fact that there is an agreement. Therefore it is enforceable in a court of law.

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For federal tax purposes, which of the following is true regarding lump-sum life insurance benefits?
Lorico [155]

Based on the information given, it should be noted that all proceeds are income tax free in the year that they're received.

<h3>What is tax?</h3>

A tax simply means a compulsory levy that's paid by the people or companies to the government. It's important to achieve economic development.

For federal tax purposes regarding lump-sum life insurance benefits, it should be noted that all proceeds are income tax free in the year that they're received.

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7 0
3 years ago
Which payment method typically charges the highest interest rates
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<span><span>What payment method typically charges the highest interest rates?

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6 0
3 years ago
Diversity is more than recruiting and keeping minorities. Diversity means appreciating and understanding other differences in ou
Kruka [31]

Answer:

The correct answer is: disabilities, sexual orientation, religious preferences, and even personality differences such as extroverts and introverts.

Explanation:

Diversity refers to the difference, the existence of the variety or the abundance of things of different characteristics. The term comes from the Latin language, from the word "diversitas".

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There are different types of diversity:

Biodiversity or biodiversity.

Cultural diversity.

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8 0
3 years ago
Read 2 more answers
You manage a company that competes in an industry that is comprised of four equal-sized firms that produce similar products. A r
Alja [10]

Explanation:

It is given that in the market there are four equal-sized firms that produce similar products. The market is saturated such that 10% industry-wide price rise would lead to 18% decline in units sold by all firms in the industry. Going further, there is a proposed legislation that imposes a tariff on a key input used by the industry, which on realization would result in the increase in marginal cost by $2.

This means that the market elasticity of demand is:

[ FIND THE ATTACHMENT FOR SOLUTION]

5 0
3 years ago
1. Which resource management task determines the type, quantity, receiving location, and users of resources? A. Track and Report
Rasek [7]

Answer:

C. Identify Requirements

Explanation:

Individuals who are assigned the responsibility of resource management should first of all identify resource requirements.

Identification of requirements relates to the quantum of resources required, the place where they are required and the recipient of those resources.

Resource needs and requirements change from time to time as per the situation. Resource requirements mean the quantity and the kind of resources that would be required for completion of a project.

Thus, Identify Requirements determines the type, quantity, receiving location and the users of those resources.

8 0
3 years ago
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