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Alex
3 years ago
10

6. On February 1, Ann sends Bob a letter offering to employ Bob at Ann’s auto dealership. On February 5, Bob mails Ann a letter

accepting the offer. On February 6, Ann has a change of heart and calls Bob to revoke the offer. On February 7, Ann receives Bob’s acceptance. Was a contract ever formed? If so, when? If not, why not?
Business
1 answer:
Radda [10]3 years ago
6 0

Answer: A Contract was formed on February 5th

Explanation:

The contract was formed the very day that Bob mailed Ann his acceptance which was on the 5th of February.

Ann attempted to revoke the acceptance too late as she did it a day after he had emailed his acceptance even though she only received it on the 7th.

The date she received the acceptance is of no consequence because this falls under the Posting Rule. This rule in Common Law countries essentially states an agreement is made as soon as the letter is posted even if it never gets to it's destination.

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At the end of last year, the company's assets totaled $877,000 and its liabilities totaled $748,500. During the current year, th
sergey [27]

Answer:

The options are:

A $34,850.

B $163,350.

C $128,500.

D $188,200.

$ 163,350.00,option B is correct

Explanation:

At the beginning of the current year ,the stockholders equity is the difference between total assets of $877,000 and total liabilities of $748,500 i.e $128,500 .

However,the increase or decrease to stockholders' equity in the current year is the difference between increase in total assets of $59,700 and the the increase in liabilities of $24,850 i.e $ 34,850.00  

Hence stockholders' equity=the initial stockholders' equity+increase=$128,500+$ 34,850=$ 163,350.00  

6 0
3 years ago
A customer opens an account at a brokerage firm to purchase securities in an offering. The customer must receive the disclosure
zhuklara [117]

Answer:

The correct option is A

Explanation:

NASAA stands for North American Securities Administrators Association,which describe or states that falling to provide or supply to customer, the purchasing securities in an offering.

It should be done at no later than the confirmation date of the transaction, either a preliminary prospectus or a final prospectus and an extra document, which altogether contained all the information stated in the final prospectus.

Therefore, the customer should receive the disclosure document on no later date than confirmation of the sale.

3 0
3 years ago
Duress is a possible ground for rescission of a contract.​<br><br> a. true<br><br> b. fals
WARRIOR [948]

False

Duress is used to enforce a contract, not for the rescission of a contract.

5 0
3 years ago
A client diagnose with scabies has been prescribed lindane lotion. What is the recommended method of administration of this medi
Ulleksa [173]

Answer:

<em>Rationale: To use lindane lotion: Caregivers should wear gloves when applying lotion to clients; cream/ointment and lotion are used for scabies only; skin should be clean before application; wait one hour after one bathing or showering before application; apply a thin layer of the lotion from neck to soles of feet; pay attention to rubbing lotion in between fingers and toes; leave in place for 8 to 12 hours, then wash off with soap and water.</em>

GOOD LUCK

6 0
3 years ago
24) In the U.s. economy, a few firms dominate the wireless telephone provider Industry. Whlch type of
kipiarov [429]

Answer:

oligopoly

Explanation:

An oligopoly is a market structure comprising a few firms dominating a large market with many buyers. The few firms sell similar or differentiated products. Each of the firms commands a sizable market share and can influence the market.  Apart from the few dominating firms, there could be other small sellers with a smaller market share operating in the market. Another example of an oligopoly market is the air travel business, where a few airline companies dominate the market.

Characteristics of oligopoly market include

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7 0
2 years ago
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