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MArishka [77]
3 years ago
5

Rest Well Hotel orally ordered 1,000 blankets monogrammed with its initials, RWH, from TriColor Textiles. TriColor had just fini

shed monogramming the blankets when Rest Well called and canceled the order. TriColor will be able to enforce the agreement even though there was no writing.a.trueb.false
Business
1 answer:
fiasKO [112]3 years ago
7 0

Answer:

True

Explanation:

Most contracts can be either written or oral and still be legally enforceable;verbal agreement is a contract even though it is not in writing.

In order for an oral contract to be valid, it must contain these three elements: an offer, an acceptance of that offer and consideration in which each party receives something of value through an exchange to serve as the purpose of the contract.Rest Well Hotel proposed an offer to Tricolor, Tricolor Texitle accepted the offer and  the company has put in a consideration by making the monogram.Therefore,because of the previous agreement between them, Tricolor can enfore the agreement

However, three main factors are needed in proving the validity of oral contracts. these are witness testimony,  course of conduct, and  credibility.

You might be interested in
Gustavson Corporation uses the direct method to allocate service department costs to operating departments. The company has two
trapecia [35]

Answer:

C) $340,240

Explanation:

                                     Service Department  Operating Department

                                  Administrative Facilities  Assembly Wholesaling

Departmental costs $26,840     $59,400   $183,430   $321,190

Employee time (hours)      4,000       2,000     29,000 15,000

Space occupied - sq ft     2,000       2,000     30,000  6,000

total administrative costs = $26,840

total employee hours = 29,000 + 15,000 = 44,000

administrative cost per employee hour = $26,840 / 44,000 = $0.61

total facilities costs = $59,400

total square feet = 30,000 + 6,000 = 36,000

administrative cost per employee hour = $59,400 / 36,000 = $1.65

total Wholesaling Department cost = $321,190 + ($0.61 x 15,000) + ($1.65 x 6,000) = $321,190 + $9,150 + $9,900 = $340,240

5 0
3 years ago
Selena sells luxury cars for a living, but in recent months her sales have slumped. This is partly due to an economic recession,
LuckyWell [14K]

Answer:

The economic downturn is a factor beyond her control.

Explanation:

In the given scenario Selena's monthly sales have declined and she received a bad performance rating.

The decline was due partly to an economic recession and also due to the fact that her mother has been in the hospital (personal reasons).

If the wants to contest the ratings she will not use the personal challenge she had since she did not report it to take time off from work.

However she can state that the economic downturn is a factor beyond her control so this should be considered in her performance rating.

8 0
3 years ago
A company that sells multiple types of products has a selling price per composite unit of $150, variable cost per composite unit
olganol [36]

Answer:

See below

Explanation:

With regards to the above information, the contribution margin is computed as seen below.

Contribution margin per composite unit = Selling price per composite unit - Variable cost per composite unit

= $150 - $50

= $100

Hence, the contribution margin per composite unit is $100

3 0
3 years ago
What characteristics of the board of directors usually lead to effective corporate governance?
Scrat [10]

Answer and explanation:

Several characteristics could allow the Board of Directors to lead corporate governance effectively but the most important are <em>making good decisions for the overall company, determination to impose the firm's objectives and having others set their mind to them, </em>and <em>dedication to be part of the organization's work towards reaching those goals.</em>

8 0
3 years ago
When every good or service is produced up to the point where the last unit provides a marginal benefit to society equal to the m
Nata [24]

Answer:

A.

Explanation:

Allocative efficiency is when the markets are working in the most economically efficient manner and there are no externalities (no over production or under production of economic goods and services).

Markets are allocative efficiency when the price equals the marginal cost.

Allocative efficiency is at an output which maximizes total consumer welfare.

is reached when no one can be made better off without making someone else worse off.

Occurs when the value that consumers place on a good or service (reflected in the price they are willing and able to paid) equals the cost of the factors resources used up in production.

8 0
3 years ago
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