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denis-greek [22]
3 years ago
8

Jim and Sue were going to be married and were very much in love. Before the wedding date, they went out for coffee and orally ag

reed to how the marital assets would be split if they divorced. Four years later they divorced. Jim attempted to enforce their oral prenuptial agreement. What will be the result?
A.It will be enforced as there is consideration.
B. It will not be enforced due to the statute of frauds.
C.It will not be enforced as it violates public policy.
D. It will be enforced as there was a meeting of the minds.
Business
1 answer:
ludmilkaskok [199]3 years ago
5 0

Answer:

B. It will not be enforced due to the statute of frauds.

Explanation:

Jim and Sue ''orally agreed to how the marital assets would be split if they divorced'', but however did not sign any agreement that makes the contract valid. Thus, the contract will not be enforced due to the statute of frauds. A statute of frauds, simply means a contract without sufficient written evidence agreed and signed by parties to the contract.

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The distinction between supply and the quantity supplied is best made by saying that___________.
snow_lady [41]

Answer:

b. supply is represented graphically by a curve and quantity supplied as a point on that curve. 

Explanation:

Qunatity supplied shows how qunatity of a product changes in response to changes in  price of that good. According to the law of supply, the higher the price of good, the higher the quantity supplied and the lower the price of a good, the lower the quantity supplied.  This shows that quantity supplied has a direct relationship with price.

Changes in quantity supplied is shown by movement along a supply curve.

Changes in supply is caused by other factors other than changes in price. Some of these factors are :

Changes in price of similar goods

Tax

Change in number  of suppliers

Technological advancement

Changes in supply is shown by movement of the supply curve either to the left or to the right and not a movement along the supply curve.

I hope my answer helps you

7 0
3 years ago
. In the context of sourcing, multiple suppliers: a. often provide the ability to form close partnerships. b. often provide econ
Galina-37 [17]

Answer:

c. lower the risk of supply disruption

Explanation:

Having multiple suppliers is always a good sourcing strategy, as it <u>minimizes the risk of supply disruption</u>. If one of the suppliers fails to maintain the contract due to various reasons (bad business operating), the risk is dispersed among a few suppliers, so there is the contingency principle applied.

This way, the supply chain never gets disrupted.

6 0
3 years ago
Assume Argentina has production possibilities to produce either 35 batches of apples or 70 batches of peaches using 100 worker h
konstantin123 [22]

Answer:

40

Explanation:

Batches of apples produced in one hour = 35/100 = 0.35

Batches of peaches produced in one hour = 70/100 = 0.70

total hours it would take to produce 15 batches of apples = 15 / 0.35 = 42.86 =  43 hours

this would leave (100 - 43) 57 hours to make peaches

Batches of peaches that can be made in 43 hours = 57 x 0.7 = 39.9 = 40 batches

7 0
3 years ago
The consumer price index (CPI) is used to compute inflation.
mestny [16]

ANSWER: The correct answer is True. Consumer price Index computes inflation or market basket of consumers.

Explanation: It measures the price changes in the goods or services basket for consumers which represents the consumption expenditure in the economy. It is calculated on various  categories or  sub- categories like,urban or rural. It measures the inflation rate and scans the percentage change of the  index over a period of time. It measures increase in the price of households basket.

3 0
3 years ago
Read 2 more answers
If the general education level within a country rises significantly over time, it is likely that: the country’s production possi
kiruha [24]

Answer: Option (D) is correct.

Explanation:

Correct: The country’s production possibilities curve will shift out.

The production possibility frontier shows different combination of two goods that are to be produced with the available resources. It also shows the point on the curve which represents the efficient level of quantity to be produced.

So, if there is any improvement in the factors such as technology advancement and level of education will generally results in higher economic growth and increase in the level of output.  

Hence, there is an outward shift in the production possibility frontier.

6 0
3 years ago
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