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Alina [70]
3 years ago
8

To which of the following transactions does the common law Statute of Frauds not apply?a. Contracts for the sale of real estate.

b. Agreements made in consideration of marriage.c. Promises to pay the debt of another.d. Contracts that can be performed within one year.e. None of the above
Business
1 answer:
erma4kov [3.2K]3 years ago
6 0

Answer:

The false statement is letter "D": Contracts that can be performed within one year.

Explanation:

The statute of frauds establishes contracts to be written for some agreements to be secured. It mainly applies to land sales and purchases of goods $500 (U.S. dollars) and above, but it is not limited to only those two kinds of transactions. The statute of frauds capitalizes that contracts cannot be completed in less than one year. In that sense, the option "D" is a false statement.

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Most manufacturers of vehicles equipped with diesel engines allow what type of biodiesel?
Umnica [9.8K]
What are your options? I'd say fish oil or animal based diesel fuel. 
6 0
3 years ago
U.S. Treasury deposits at the Federal Reserve Banks are:A. A liability of the Federal Reserve Banks and the U.S. TreasuryB. An a
Liula [17]

Answer:

D. An asset of the Federal Reserve Banks and a liability for the U.S. Treasury

Explanation:

For all demand deposits that banks receive, a percentage share must be deposited with Federal Reseve. This is called compulsory withdrawal and serves to ensure the solubility of the financial system.

For banks, this represents an asset as it is an amount they will have to receive when the Fed authorizes it. For the US Treasury, this represents a liability, which is a future payment obligation, as these amounts will be returned to banks in the future.

4 0
3 years ago
Based on the following information, calculate the variable overhead rate variance. Actual variable overhead cost $15,500 Actual
Nesterboy [21]

Answer:

Rate variance = $250 favorable

Explanation:

<em>The variable overhead rate variance is the difference between the actual variable cost and the standard variable overhead  cost the actual actual hours used.</em>

<em>We would compare the actual cost to the standard cost of the actual hours used . This is done below as follows:</em>

                                                                                               $

4,200 hours should have cost (4200 × 3.75 )               15,750

but did cost                                                                       <u>15,500</u>

Rate variance                                                                 <u>      250</u>  Favorable

Note the actual hours of 4,200 cost $250 less than it should be have cost . Hence the variance is favorable

Rate variance = $250

7 0
3 years ago
Suppose a gold miner finds a gold nugget and sells the nugget to a mining company for $500. The mining company melts down the go
SSSSS [86.1K]

Answer:

The GDP will increase by $2,000 as a result of these transactions

Explanation:

When trying to calculate the increase in GDP caused by a series of transactions, we do not add all the transactions, instead we look at the price of the final good and that is the increase in GDP. In this case the final good is the necklace that the store department sells for $2,000 therefore we will only consider the final transaction. So the GDP will increase by $2,000 as a result of this series of transactions because the final good sold for $2,000.

4 0
3 years ago
If the equilibrium price of avocados is $4 and the government issues a price ceiling of $4.50, what is likely to happen in the m
Marat540 [252]

Answer:

A surplus of avocados will result from the price ceiling.

Explanation:

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.

A price ceiling is binding when it is set below equilibrium price.

The price ceiling ($4.50) is less than the equilibrium price ($4) of avocados. As a result, surplus would increase. The supply of avocados would exceed the demand because price ceiling is above equilibrium price

6 0
3 years ago
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