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Oksana_A [137]
3 years ago
15

Problems with capacity and consent:

Business
1 answer:
Natalija [7]3 years ago
8 0

Answer:

The correct answers are: 1. voidable, 2. capacity, 3. consent

Explanation:

For a contract to be legally valid, the concurrence of three essential requirements or elements is required, which are: the consent of the contracting parties, the true object that is the subject of the contract and the cause of the obligation to be established.

The consent is the manifestation of will of the parties, consisting of the concurrence of the offer and its acceptance, on the object and the cause of the contract. Any consent given by error, violence, intimidation or intent is void.

The purpose of the employment contract is the provision of paid services for others. Services contrary to laws or good customs, nor those that are outside the trade of men, cannot be subject to the contract.

Example: The provision of prostitution or drug trafficking services cannot be the subject of the employment contract.

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Chronic bronchitis results in the production of what substance
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Chronic bronchitis is an inflammatory condition that results in excessive production of mucus in the large or main bronchial air passages resulting in reduced airflow and shortness of breath.
8 0
3 years ago
Which phrase defines gross domestic product (GDP)?
emmasim [6.3K]
B.

A is referring to trade in goods. C is the value of services but GDP refers to BOTH services and goods. D is referring to investments, but neglects the income retrieved from the production of goods and provision of services.
7 0
3 years ago
Read 2 more answers
Your company obtains a short term loan on September 1st, 2019 to cover costs to purchase inventory. The loan is for $50,000, the
artcher [175]

Answer:

a. Journal Entry on September 1st, 2019:

Dr: Cash/ Bank     $50,000

Cr: Short Term Loan     $50,000

b. Journal Entry to accrue interest on December 31st, 2019 is:

Dr: Interest Expense    $1,333.33

Cr: Accrues Interest Expense     $1,333.33

c. Interest Expense on March 31st, 2020 is :

$1,000

d. The Total cash company will pay back on March 31st 2020:

52,333.33 (50,000 principal + 2,333.33 interest)

Explanation:

b. Annual Interest is $50,000×8% = $4,000 per annum.

The annual interest rate is prorated for 4 months (Sept 2019 -Dec 2019)

$4,000 *4/12 = $1,333.33

c. Interest expense for next fiscal year up till March 2020 is calculated by prorating annual interest expense for 3 months (Jan 2020- Mar 2020)

$4,000×3/12 = $1,000

8 0
3 years ago
Soft skills are essential career attributes that include communicating clearly, solving problems, getting along with coworkers,
Lerok [7]

Answer:Leadership skills

Explanation:

Soft skills include these seven characteristics

  • Leadership Skill
  • Teamwork
  • Communication Skills
  • Problem solving skills
  • Work ethics
  • Flexibility
  • Interpersonal skills.

Leadership skills are needed by company to guide the other co-workers in team with help of communication skills of  employee.

7 0
4 years ago
Which one of the following will be used in the computation of the best-case analysis of a project?
krok68 [10]

Answer: e. the lowest variable cost per unit that can reasonably be expected.

Explanation:

The lowest variable cost per unit that can reasonably be expected will be used in the computation of the best-case analysis of a project.

It should be noted that the lower variable costs will tend to increase the profit of a company under the best case analysis and therefore when it's being compared with other options, it's the correct option.

Therefore, the correct option is E.

6 0
3 years ago
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