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Zina [86]
4 years ago
11

, a doctor from the local hospital, is a friend of Fran, the owner of a candy store. Every day, Ed spends about five minutes in

Fran’s candy store during his breaks, looking at the candy and usually buying one or two candy bars. One afternoon Ed goes into Fran’s store, looks at the candy and picks up a $1 candy bar. Fran is busy talking and checking out another customer so to avoid interrupting, Ed merely waves the candy bar at Fran without saying a word as he is walking toward the door. Fran smiles but keeps talking to the customer as Ed walks out. Based upon the information given, as well as making your own assumptions...do Ed and Fran have a contract? If so, what type of contract is it? Is it enforceable? Why or why not.
Business
1 answer:
just olya [345]4 years ago
6 0

<u>Answer:</u>

<u>- Yes,</u>

<u>- Bilateral, Implied contract which is enforceable.</u>

<u>Explanation</u>:

Note, both parties consented to a contract even though it was an informal setting. Remember, certain gestures were used by Ed to show contract acceptance, There's also valid consideration since the value of the exchange is known; which is a candy bar for $1.

Fran thus understands that Ed will pay for the candy later since he saw the sign, this also makes it a bilateral contract (between two parties only). The contract is also enforceable since it is legal to sell candies.

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Explanation:

Managers should focus on flattening the hierarchy of the company to listen to what key employees have to say about what course the firm should take to ensure sustainability, efficiency and maximize profits. This strategy does not necessarily mean the decisions will be decentralized but imply considering the most important points of view of workers whose day-to-day is closely related to the operations of the business.

4 0
3 years ago
In 3 to 4 sentences describe how you can want financially responsible
Gekata [30.6K]
To be financially responsible, you can keep track of how much money you spend by keeping a checkbook updated. When doing bills, buying groceries and clothes, and spending money on other activities, you use the recipes to record your spendings in the checkbook. Another way to stay financially responsible is to use a debit card more than a credit. When using a credit card, you're borrowing the Bank's money rather than your own and you have to pay them back. Slowly, that can cause more problems when late fees are added, or worse, your interest rates begin to fluctuate. I hope I helped! :)
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3 years ago
Write an essay corruption is the root cause of the social ills plague the society​
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6 0
3 years ago
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skelet666 [1.2K]

Answer:

The Federal Reserve is in charge of the monetary policy in the United States. It expands or reduces the money supply (the total amount of money in the economy) by raising or lowering the interest rate.

There is a relationship, in the short run, between unemployment and money supply. The higher the money supply, the lower the unemployment rate, and viceversa: the lower the money supply, the higher the unemployment rate.

This relationship exists because when the money supply increases, the interest rate falls, if the interest rate falls, investing becomes cheaper, and as a result, firms invest more and hire more workers.

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4 years ago
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Journal Entry to record the first interest payment

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Dr. Interst Expense $19,979.32

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First, we need to calculate the premium on bond amortization as follow

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