1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Phoenix [80]
3 years ago
6

Joe sends for a MBA catalog from State University. According to the catalog, the MBA applications are evaluated on the basis of

undergraduate grades, GMAT (the appropriate standardized test) scores, and references. Joe has a 3.1 GPA, scores very well on the GMAT, and has excellent references. Based on the criteria listed in the catalog, Joe applies and pays the $100 application fee. His application is rejected. Later he finds out that others with low grades and test scores were accepted based on their family connections with the University. If Joe followed all of the guidelines in the college catalog and paid the required application fee, then according to the court in Steinberg v. Chicago Medical School:
a. there is a voidable contractb. there is a quasi contract.c. there is a valid contract.d. there is not a contract.
Business
1 answer:
irinina [24]3 years ago
7 0

Answer:

The answer is: C) There is a valid contract

Explanation:

According to Appellate Court ruling in Steinberg v. Chicago Medical School;

The two parties (Joe and Sate University) entered a valid contract agreement upon receiving the $100 dollar application fee from Joe. State University´s catalog is considered to be the Offer part of this contract and the $100 application fee is considered the Consideration part of the contract.

You might be interested in
Temporary workers—often called temps—may not be subject to the contractual obligations or general policies that govern other emp
Misha Larkins [42]
Answer is A: true
they are not subject to contractual obligations
8 0
3 years ago
hey guys im sry for the miss of me not being here i got busy so i wanna catch up with yall so tell me everything tahts gonnin on
joja [24]
I’m sick :( i feel so weak i’m going to the gym later tho i always need to workout feels weird not doing it Imaoo
4 0
3 years ago
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.7 million in long-term debt, $760,000 in the common stock accoun
g100num [7]

Answer: -($2,000,000)

Explanation:

Cash flow to creditors = Increase in long term debt + Interest Paid

                                     = ($2.7 - $4.25) + $180,000

                                     = - $1,550,000 + $180,000

                                     = - ($1,370,000)

Cash flow to shareholders = Dividends paid + Increase in common stock + Increase in additional paid-in surplus account

                                            = $510,000 + ($760,000 - $905,000) + ($6.25 - $7.9)

                                            = $510,000 - $145,000 - $1,650,000

                                            = - ($1,285,000)

Cash flow from Assets = Cash flow to creditors + Cash flow to shareholders

                                      = - ($1,370,000)  - ($1,285,000)

                                      = - ($2,655,000)

Operating cash flow =  Cash flow from Assets + Change in net working capital + net capital spending

                                  =   - ($2,655,000) + (-$195,000) + $850,000

                                  = -($2,000,000)

8 0
3 years ago
Research indicates that when it comes to the diversification-performance relationship, the highest economic performance occurs w
gulaghasi [49]

Answer:

Related diversification strategy.

Explanation:

Related diversification is a business strategy in which a business enter a new industry which has some similarities with a company's existing business industry. The highest economic benefit will be achieved by a business if it enters into related diversification strategy.

3 0
2 years ago
What’s a commercial bank most likely going to do with your money when you deposit it?
sasho [114]

Answer:

keep it in-store and safe until you take some out and if it's there for a while ( like after a year or 2) they could take out a dollar each week or 5 dollars a month for the space you're taking up

8 0
3 years ago
Other questions:
  • Diverse Diversions, Inc., makes video, games. Ember buys a copy of Final Infinity. Inside the package is a shrink-wrap agreement
    9·1 answer
  • Alaska Mining Co. acquired mineral rights for $67,500,000. The mineral deposit is estimated at 30,000,000 tons. During the curre
    12·1 answer
  • What are a list of items that the most price elastic demand​
    9·1 answer
  • On January 1, 2021, Robertson Construction leased several items of equipment under a two-year operating lease agreement from Jam
    14·1 answer
  • Your goal is to have $15,000 in your bank account by the end of four years. If the interest rate remains constant at 4% and you
    5·1 answer
  • In the United States, which assessment system measures Inflation?
    12·1 answer
  • Barney decides to quit his job as a corporate accountant (which pays $10,000 a month) and go into business for himself as a cert
    6·1 answer
  • The key to setting a final price for a product is finding an approximate price level to use as a reasonable starting point. Four
    14·1 answer
  • Someone please help me thank u
    10·1 answer
  • How publish Fiverr gig without taking a test?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!