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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Explanation: Contracts are legally binding and thus cannot be rescinded (cancelled) easily. The only way a contract may be rescinded is if evidence exists that undue influence (forcing someone into the contract) or fraud took place.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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true because the corporation has more money to spend


4 0
2 years ago
A market-oriented organization believes that the social and economicjustification for an organization's existence is the satisfa
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Answer: True

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Thus, from the above we can conclude that such organisations emphasize on customer satisfaction and needs, therefore, the given statement is true.

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3 years ago
Nokia is a cell phone brand that offers digital cameras as part of its cell phone products. It is now in direct competition with
irakobra [83]

Answer:

A. Envelopement

Explanation:

Envelopment is the process whereby an organization or a company moves into another company's market by combining it's own functionality with the other company functionality to create a multi-platform bundle. In this case, Nokia decided to add cameras which are Sony and Canon market to their mobile phones thereby creating a multi-platform bundle in form of a camera mobile phone.

3 0
3 years ago
The accountant for Walter Company is preparing the company's statement of cash flows for the fiscal year just ended. The followi
lapo4ka [179]

Answer:

$25,400

Explanation:

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

The movement in the retained earnings balance may be expressed as

Opening balance + net income - cash dividend paid = closing retained earnings balance

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Cash dividend paid = $49,000 - $23,600

= $25,400

6 0
3 years ago
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