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Natasha2012 [34]
3 years ago
14

The manager of Mack's Bar sent Olive Outlet an order for 200 cases of olives to be shipped "as soon as possible." The day Olive

Outlet receives Mack's order, it ships the olives. Later that day, Mack's manager phones Olive Outlet and tries to revoke his offer. Under these circumstances:
Business
1 answer:
Harman [31]3 years ago
7 0

a. Mack does not have to accept the shipment

b. Olive Outlet has accepted and breached the contract

c. Olive Outlet's shipment is considered a counteroffer

d. Mack cannot revoke based on principles of promissory estoppel

Answer:

d. Mack cannot revoke based on principles of promissory estoppel

Explanation:

Promissory estoppel refers to the doctrine in contract law that allows a party's recovery for damages suffered based on the party's reliance on a promise even if there is no legal contract between the aggrieved party and the party that fails on the promise. From the above this stops mack's bar from going back on its promise to buy the goods of Olive outlet even there is no legal contract yet as olive outlet may have already suffered damages.

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How do the rhetorical questions in this section set the stage for Mack’s argument and engage his audience?
blagie [28]

<u>Explanation:</u>

Rhetorical questions are asked in order to persuade the audience and prove them the statement rather than providing information. Mack utilizes the rhetorical questions to make his audience think about the topics asked as questions. The thoughts of different types of people are analysed.

By making the audience to think about the topics Mack keeps the audience engaged. The audience also find it interactive and communicate their thoughts on the topic effectively. Hence these questions set stage for Mack's argument and engage his audience.

4 0
3 years ago
Where does the united states stand as a participant in internatinal trade
Mashutka [201]
We are the biggest trade for wheat and we get lost of our products from 0ther country's how ever many country's do get our crops and some various weaponry. I hope this helped
3 0
3 years ago
A smaller business with variable cash flow is looking to establish a pension plan for its 50 employees. It wants a plan that all
nasty-shy [4]

Answer:

SEP IRA

Explanation:

A SEP IRA means , a Simplified Employee Pension IRA, which is easier to set up and administrate than most other pension plans.

The Simplified Employee Pension IRA allows the employer to make a deductible contribution of a maximum of 25% of an employee's income (20% effective rate), capped at $54,000 in 2017.

The Simplified Employee Pension IRA has a key advantage which is that, it allows the employer to vary the contribution percentage each year .

In this case, a smaller business should make use of Simplified Employee Pension IRA, because it is easier to set up and have other benefits that are okay for such type of business.

3 0
3 years ago
Read 2 more answers
Matt purchased a 20-year par value bond with an annual coupon rate of 8% compounded semiannually for a price of 1722.25. The cou
finlep [7]

Answer:

(b) 1440

Explanation:

As the coupon rate of 8% is greater than the yield to maturity (YTM) of 6% annually, the bond is selling at a premium. Hence, the bond will be called at the earliest i.e. 15 years.

Coupon = Call Price * Semi-annual coupon rate = X * [0.08 / 2] = X * 0.04

Yield to call = 6% annually = 3% semi-annually

Time = 15 years * 2 = 30

We know that,

Current Price of bond = Coupon * [1 - (1 + YTC)-call date] / YTC + Call Price / (1 + YTC)call date

  • 1,722.25 = [X * 0.04] * [1 - (1 + 0.03)-30] / 0.03 + [X / (1 + 0.03)30]

  • 1,722.25 = [X * 0.04] * 19.60 + [X * 0.41]

  • 1,722.25 = X * [(0.04 * 19.60) + 0.41]

  • 1,722.25 = X * 1.194

  • X = 1,722.25 / 1.194
  • X=$ 1,442.42 \approx $ 1,440

4 0
3 years ago
1) These two fibres can withstand high temperature from iron, high heat of boiling water and can also be dyed.
CaHeK987 [17]

Answer:

This took me a long time to figure out , but I'm pretty sure number 1 is

D) Silk and Wool.

And number 2 is C) Northern Nigeria

Explanation: Hope that's right, sorry if not because for number 1 most of them could be the answer, and for number 2, three  of them could be the answer.‍

5 0
3 years ago
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