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Allushta [10]
3 years ago
14

Baine lived in Bristol Harbor, a resort area on the Atlantic coast. She entered into a written agreement to sell her daily catch

of fresh lobster at an agreed price to a local restaurant during the tourist season. At the end of the tourist season, Bain sued the restaurant for an additional $2,000. She claimed that shortly before signing the contract, the restaurant owner orally agreed to pay a $2,000 bonus. Using the IRAC method, discuss whether Bain will prevail.
Business
1 answer:
morpeh [17]3 years ago
5 0

<u>Solution and Explanation:</u>

A court assumes that the written cntarct is the begining and the end of all the terms of the agreement and will not acept the parol evidence if it changes the meaning of the terms of contract.

Parol evidence should only be used to determine the inetntions of the parties at the time the contract was made, not after the fact.

Valid contract: The elemenst of  valid contract must be seen.

Since Mrs B signed a contract with the specific terms that did not include a bonus, a court would not consider an oral agreement based on completing a yet to be written contract under the parol evidence rule.

hence, Mrs B cannot introduce the oral agreement under the parol evidence rule.

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Gross Domestic Product Title: Grantham Copyright - Description: Grantham Copyright 2018Use the data chart to answer the question
adoni [48]

Answer:

1. $ 750

2.  - $ 50

3.   $ 600

4.  $ 600

Explanation:

1. Using the data  GDP = C+I+G+ (X-M)

GDP=  $500 +$100 + $ 200 + ($50-$100)

GDP= $ 800 + (-50)

GDP = $ 750

2. NET EXPORTS = EXPORTS - IMPORTS= $ 50- $ 100= -$50

3. PCE=  Consumption+ Private Domestic Investment= $ 500 + $ 100= $ 600

4. GDP 2017= $ 750 *80%=  $ 600

7 0
3 years ago
Beneficiary is one who unintentionally gains a benefit from a contract between other parties
son4ous [18]
The answer is "incidental beneficiary".

An incidental beneficiary refers to somebody who indirectly acquires an advantage as the aftereffect of the fundamental reason for the trust. An incidental beneficiary is a recipient who isn't a planned recipient. For instance, a grandchild may profit by his/her parent accepting a blessing which could be utilized by the whole family, or which he/she may acquire from the parent. 
6 0
3 years ago
14. Which is most likely to happen when the price for a good or service is
sukhopar [10]

When the price for a good or service is high then supply increases.

Price is the sum that the producer receives for each unit of an item or service that is sold. A rise in price nearly always results in a rise in the amount of that good or service supplied, whereas a fall in price results in a fall in the amount supplied.

The widespread consensus is that demand slopes downward because customers buy less when prices are greater. The price at which supply and demand are equal is represented by the intersection of the two curves as the market-clearing price.

When a good's price is higher than equilibrium, this indicates that there is more supply of the good than demand for it. The product is available in excess on the market.

To learn more about customers refer to:

brainly.com/question/13472502

#SPJ9

3 0
1 year ago
A survey of pet owners found that on average, they spend $1,225 annually per pet, with a standard deviation of $275. between whi
Alla [95]

Based on the sample being normal, 95% of the survey's respondents will fall within $675 and $1,775.

<h3>Where will 95% of the respondents fall?</h3>

A 95% interval has a z value of 1.96.

The confidence interval would be:

= Sample mean ± z x (Standard deviation / √sample)

= 1,225 + 1.96 x (275 / √1)

= $1,764

= 1,225 - 1.96 x (275 / √1)

= $686

The closest figures from the options are $675 and $1,775.

Options for this question include:

  • $675 and $1,500
  • $675 and $1,775
  • $950 and $1,500
  • $950 and $1,775

Find out more on 95% confidence intervals at brainly.com/question/16974109.

#SPJ1

5 0
1 year ago
Which of the following was a result of the invention of the cotton gin?
mina [271]

Answer:

A. It made cotton a major export item.

Explanation:

Cotton gin is machine which is used to separate the cotton seeds from fibres. It is an invention of Eli Whitney, that made separation of seeds from fiber efficient. Due to this invention the exports are boosted because it more efficient and productive method than the traditional method used for the separation of fibres and seeds.

3 0
3 years ago
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