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natima [27]
3 years ago
14

On September 10, Harris, Inc., a new car dealer, placed a newspaper advertisement stating that Harris would sell ten cars at its

showroom for a special discount only on September 12, 13, and 14. On September 12, King called Harris and expressed an interest in buying one of the advertised cars. King was told that five of the cars had been sold and to come to the showroom as soon as possible. On September 13, Harris made a televised announcement that the sale would end at 10:00 PM that night. King went to Harris' showroom on September 14 and demanded the right to buy a car at the special discount. Harris had sold the ten cars and refused King's demand. King sued Harris for breach of contract. Harris' best defense to King's suit would be that Harris':______
a. Offer was unenforceable.
b. Advertisement was not an offer.
c. Television announcement revoked the offer.
d. Offer had not been accepted.
Business
2 answers:
Dvinal [7]3 years ago
7 0

Answer:

D. Offer had not been accepted.

Explanation:

Harris has a very valid reason for his defence because King was yet to accept the offer he only just called to show interest in the offer and didn't make any form of payment whatsoever. The other people that bought the ten cars at the special discount made payment and thus, accepted the offer.

Kings isn't entitled to any damages because:

I. He didn't make any form of payment to accept the offer

II. Other people were faster to claim the offer on the special discount

III. He only made a telephone enquiry



Bad White [126]3 years ago
4 0

Answer:

Answer is B. Advertisement was not an offer.

Refer below.

Explanation:

On September 10, Harris, Inc., a new car dealer, placed a newspaper advertisement stating that Harris would sell ten cars at its showroom for a special discount only on September 12, 13, and 14. On September 12, King called Harris and expressed an interest in buying one of the advertised cars. King was told that five of the cars had been sold and to come to the showroom as soon as possible. On September 13, Harris made a televised announcement that the sale would end at 10:00 PM that night. King went to Harris' showroom on September 14 and demanded the right to buy a car at the special discount. Harris had sold the ten cars and refused King's demand. King sued Harris for breach of contract. Harris' best defense to King's suit would be that Harris':

Advertisement was not an offer.

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ohaa [14]

Answer:

True

Explanation:

This is the value of stock or share that was set by the owners of a corporation at the point of registration of the company. It is the price that is stated in the corporation's article of association and also in the share certificate. The par value of a share has no relationship with the market value as they can be far apart.

The par value is a value specified by law for the protection of the people who might want to extend credit to the corporation.

6 0
3 years ago
After creating awareness that the firm's products or services exist, the next goal of integrated marketing communications is to
Luden [163]

Answer:

The correct answer is letter "B": increase the level of interest among consumers.

Explanation:

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7 0
3 years ago
During 2021, a company sells 500 units of inventory for $95 each. The company has the following inventory purchase transactions
Kryger [21]

Answer:

cost of goods sold = $36,285

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Explanation:

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beginning inventory = 71 units for $5,325

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ending inventory = 24 units x $72.57 = $1,741.68 ≈ $1,742

6 0
3 years ago
Welfare economics is the study of a. taxes and subsidies. b. how technology is best put to use in the production of goods and se
const2013 [10]

Answer:

The answer is b) how technology is best used in the production of goods and services

Explanation:

The concept of welfare economics is used in the context of the Economy and public finances. It is defined as the branch of the economy that tries to determine the conditions that are needed to reach the maximum of social welfare. For this, the conditions are established to maximize production with a given amount of resources and optimization of the distribution of goods and services, analyzing the policies pursued in the achievement of goals that are considered desirable from the point of view of well-being.

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3 years ago
If interest rates in general were to fall, 1. the prices of existing bonds would rise 2. the prices of existing bonds would fall
IRINA_888 [86]

Answer:

1. the prices of existing bonds would rise

Explanation:

General Interest rates and price of a bond are inversely related. The market interest rate also reflects an investors expected rate of return also referred to as yield to maturity i.e YTM.

Mathematically, price of a bond is the present value of it's future stream of coupon payments as well as principal repayments discounted at investors expected rate of return i.e YTM.

So, when market interest rates fall in general, this would lead to a rise in the price of bonds as general interest rates represent yield to maturity.  

7 0
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