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wlad13 [49]
3 years ago
9

Comida de Chile S.A., an export company in Chile, and Deli Source Inc., an import firm in the United States, enter into a contra

ct. When Deli breaches the contract, Comida obtains an award of damages in a Chilean court. Comida then asks a U.S. court to enforce the award. The U.S. court defers to and enforces the Chilean court’s decree. This is an application of a. the act of state doctrine. b. the principle of comity. c. the doctrine of sovereign immunity. d. none of the choices.
Business
1 answer:
Masja [62]3 years ago
8 0

Answer:

The correct answer is B

Explanation:

The principle of comity is the legal principle which the political entities like courts, states and nations from the different jurisdictions, will mutually or communal recognize or acknowledge each other's judicial, legislative, and executive acts.

So, in this case, it is an application of the principle of comity for the US court who enforces and defers the Chilean decree of the court.

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A surplus or shortage in the money market is eliminated by adjustments in the price level according to classical theory, but not
Andre45 [30]

Answer:

The correct answer is option A.

Explanation:

According to the classical theory, the quantity of money  is directly related to price level. So, any shortage or surplus in the money market can be corrected by increasing or decreasing price level.

According to the liquidity preference theory, however, money is demanded for transactionary, precautionary and speculative motive. So, only price level does not affects the quantity of money. Interest rates also effect the demand for money.

So, option A is the correct answer.

8 0
3 years ago
Ed orally agrees with Far East Restaurant to provide delivery service to its customers for six months. This contract is enforcea
Simora [160]

The contract is enforceable by either party. First, all parties are in agreement. As what the sentence suggests,  Far East Restaurant may have first asked Ed's services and offered perhaps, income or whatever in exchange of those services, which Ed agreed in return. Second, they both receive benefits. Ed receives revenues while Far East receives labor. Lastly, on the technicalities, most contracts can be either written or oral and still be legally enforceable.

8 0
4 years ago
In your own opinion, what are the things or action that can acquire and keep up business apparatuses required to help work envir
VLD [36.1K]

Explanation:

Your work environment impacts your mood, drive, mental health and performance. If employees work in a dreary office setting with unfriendly workers, they likely won't have enough confidence or job satisfaction to speak up. That's why creating a positive work environment is critical to your company's success.

3 0
3 years ago
Sandra's automobile, which is used exclusively in her trade or business, was damaged in an accident. The adjusted basis prior to
strojnjashka [21]

Answer:

The Sandra's adjusted basis for the automobile after the casualty will be $7000.

Explanation:

Sandra's adjusted basis after accident can be taken out using the following procedure -

  ADJUSTED BASIS BEFORE ACCIDENT

                         -

 LOSS DEDUCTION

                         -

 INSURANCE PROCEEDS

we have been given the value of adjusted basis before accident = $11,000 and insurance proceeds as = $3200, but we have to find the value of loss deduction.

LOSS DEDUCTION =

VALUE DECLINE - INSURANCE PROCEEDS

Where value decline is the difference between the market value of automobile before and after accident and insurance proceeds - ($10,000 - $6000) - $3200

     VALUE DECLINE - $4000 - $3200

                                 = $800

Now putting all the values in the procedure -

= $11,000 - $800 - $3200

= $7000

5 0
3 years ago
Based on the following information for Montana​ Investments, Inc., compute the rate of return on total assets.​ (Round the perce
11Alexandr11 [23.1K]

Answer:

Return on Total asset is 16.18%.

Explanation:

Total​ Assets, December​ 31, 2019 $195,000

Total​ Assets, December​ 31, 2018 $151,000 For Year Ended December​ 31, 2019

Interest Expense $7,000

Net Income $28,000

Return on Total Asset = Net Income / Average total Assets

Return on Total Asset = $28,000 / $173,000

Return on Total Asset = 0.1618 = 16.18%

Average total Assets = ( Beginning Assets balance + Ending total Assets balance ) / 2

Average total Assets = ( 151,000 + 195,000 ) / 2 = $173,000

3 0
3 years ago
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