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Eddi Din [679]
3 years ago
15

Alan induces beth to enter into a contract for the purchase of a chef's burger house restaurant. alan knowingly misrepresents a

number of material features about the restaurant and the business. when beth discovers the truth, she can rescind the contract on the basis o
Business
1 answer:
evablogger [386]3 years ago
6 0

Answer: Fraud

Explanation: Contracts are legally binding and thus cannot be rescinded (cancelled) easily. The only way a contract may be rescinded is if evidence exists that undue influence (forcing someone into the contract) or fraud took place. In terms of fraud if a person is induced into a contract by material misrepresentation, then the person who was induced into the contract may rescind the contract.

Beth was induced into the contract by Alan. Because Alan knowingly misrepresented material features about the business to Beth, this is a form of fraud on Alan's part. Beth is thus allowed to rescind the contract.

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Assume that consumers' incomes and the number of sellers in the market for good A (a normal good) both decrease. Based upon this
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Answer:

Quantity will Increase

Explanation:

As we know that when market is in equilibrium so the demand curve should be intersected the supply curve. At the time when there is an increase in suppliers so supply curve shift rightward due to which the consumer income would increase and this result in more demand. So the demand could be shift in rightward

So here the price should be the same but the quantity is increased

4 0
3 years ago
Beau went shopping at ABC Carpet. He saw some carpet he liked but could not make up his mind. The manager at ABC Carpet wrote do
Taya2010 [7]

Answer:

C) The court will apply the predominant-purpose test to determine whether the predominant purpose of the contract was the sale of goods in which case the UCC would apply.

Explanation:

From the case it is clear that the contract happens between Beau and the Manager of XYZ is of selling the carpet only. The service on the other hand, is not a department of UCC. The service contracts are department of common law whereas sales of goods law is applied to UCC or Uniform Commercial Code. So, except this option, all other options are false.

5 0
3 years ago
Last year, Bad Tattoo Co. had additions to retained earnings of $4,780 on sales of $95,560. The company had costs of $75,720, di
fredd [130]

Answer:

e. $6,042

Explanation:

Net income of Bad tattoo co. = Addition of retained earnings + Dividends

= $4,780 + $2,980

= $7,760

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= $7,760 / (1-34%)

= $7,760 / 0.66

= $11,758

But,

Income before tax = Sales - Costs

- Depreciation expense - Interest expense

$11,758 = $95,560 - $75,720 - Depreciation expense - $2,040

$11,758 = $19,840 - Depreciation expense - $2,040

Depreciation expense = $19,840 - $11,758 - $2,040

Depreciation expense = $6,042

8 0
3 years ago
In most businesses, what is the most costly factor of production?
Paraphin [41]
Man it keeps recomending your questions XD its Human capital
4 0
3 years ago
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Suppose Foreign (Upper F )imposes a tariff on imports from Home (Upper H ). All else​ equal, this action will cause the​ long-ru
Orlov [11]

Answer:

D. increase; decrease

Explanation:

When foreign imposes a tariff on import from home then there will be decreaing the import leading to a decreased demand of domestic currency by foreigners.

Therefore, domestic currency will depreciate and foreign currency will appreciate thus this action will lead to real home/Foreign rate to increase and will decrease the nominal home/foreign exchange rate.

5 0
3 years ago
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