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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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elena-14-01-66 [18.8K]

Answer:

The correct answer is True.

Explanation:

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With word of mouth advertising, you can surely get your business to reach different cities; but not at the speed that is required to recover the investment invested.

Businesses that have a local advertising plan will be able to bring their products and / or services to potential customers located in the target geographic area and increase their recognition as a local brand.

We are sure you have heard the following quotes; <em>"The best publicity is what satisfied customers do"</em> by Philip Kotler, and "What helps people helps business" by Leo Burnett

So why is local advertising important? Business owners have asked themselves this question for years, and the answer is really quite simple ...  To get attention, direct traffic to your business and close sales.

6 0
3 years ago
_____________ architecture utilizes processes of designing, construction, operation, maintenance, and removal that have been car
nikitadnepr [17]

Answer:

_______   architecture utilizes processes of designing, construction, operation, maintenance, and removal that have been carefully planned to have the smallest footprint.

  • Green

Explanation:

  • The green architecture is also known as the green design which is such an architecture method in which we build such designs and projects that will have a minimum impact on the environment and health of the people.
  • In this approach, we use such building materials and techniques that are eco-friendly and produce less harmful wastage. We take steps to keep the air and water clean by not contaminating these resources.
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8 0
3 years ago
etermining Gross Profit During the current year, merchandise is sold for $990,000. The cost of the merchandise sold is $693,000.
otez555 [7]

Answer:

Results are below.

Explanation:

<u>A: To calculate the gross profit, we need to use the following formula:</u>

Gross profit= sales - cost of goods sold

Gross profit= 990,000 - 693,000

Gross profit= $297,000

B: <u>Now, the gross profit percentage:</u>

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C: F<u>inally, a net income is reported in the income statement at the moment of the sale</u>. It doesn't matter if the sale was paid or not.

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Answer:

A. that involves double-counting.

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Imagine a company that produces furniture. If we would include the wood, the nails, the wood paint, etc., were included in the calculation plus the furniture itself, you would be double-counting the cost of the manufactured furniture. If you consider waste materials, then you would be adding even more costs. That is why you only consider finished goods.

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