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valkas [14]
4 years ago
13

Sufficiency of the Writing

Business
2 answers:
ludmilkaskok [199]4 years ago
7 0

Answer:

no trans

Explanation:

Zinaida [17]4 years ago
4 0

Answer:

C. a promise to answer for a debt of another

Explanation:

The Statute of Frauds requires certain types of contracts to be in writing. All of these contracts must be in writing except<u>. a promise to answer for a debt of another</u>.  

Agreements Covered by the Statute of Frauds

The mnemonic MYLEGS is sometimes used to help recall the scope of these agreements; the relevant letters are capitalized below.

M -  Any promises made in connection with Marriage, including such gifts as   an engagement ring.

Y - Contracts that cannot be completed in less than one Year.

L  - Contracts for the sale of Land. (Leases need not be covered unless they're of a year or more in length.)

E - Promises to pay an estate’s debt from the personal funds of the Executor. (<u>However, promises to pay such debt from the funds of the estate are not subject to the statute of frauds</u>.)

G - Contracts for the sale of Goods above a certain dollar amount, typically $500.

S - A contract in which one person promises to pay the debt of another person is considered a “Surety,” and is subject to the statute of frauds.

You might be interested in
When is a firm a monopoly, or are monopolies only theoretical concepts that do not exist?
Nataly_w [17]

A firm is a monopoly when there is one producer or a manufacturer who produces products or services which has no substitute or competition in the market and customer buy that specific products or services from that manufacturer only. Sometimes monopoly companies has competitors and substitutes but they don't effect the company's profit at all.

Microsoft, Fac-ebook and Go-ogle are real life examples of monopoly. They enjoy monopoly in their respective goods or services which has little competition that does not effect their profits and market stability. Like these three there are many monopolies in the market which shows monopolies are not theoretical concept and they even exist.

Read more about profits on brainly:-

brainly.com/question/15036999

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7 0
1 year ago
Carrie wants to go on her family reunion in four years. The cost of the cruise they are planning to take is $5,000. She has foun
Slav-nsk [51]

Answer:

She Should Invest $3,815 now.

Explanation:

Future value is the accumulated value of principal and compounded interest earned in specific period on an specific return rate applied to present value. It is calculated by following formula:

FV  = PV x ( 1 + r )^n

FV = Future Value = $5000

PV  = Present Value = ?

r = return rate = 7%

n = number of years = 4 years

$5000 = PV  ( 1 + 7% )^4

$5000 = PV  ( 1 + 0.07 )^4

$5000 = PV  ( 1.07 )^4

$5000 = PV  x 1.311

PV  = $5,000 / 1.311

PV  = $3,815

5 0
3 years ago
A ________ may be desirable as a market entry strategy if one company does not have the necessary financial
Maurinko [17]

Answer:

Joint Venture

Explanation:

A joint venture is an arrangement of business in which two or more companies invest their Human or capital resources for a common goal (e.g. profit earning). It is an easy way to enter into a new market without any significant investment. One company does not have sufficient fund and operating in the target market. Other company want to capture the market. They both will join together by Joint venture for their mutual benefit.

4 0
3 years ago
1. What is the difference between the consumer market and the business market?
irina1246 [14]

Answer:

Business markets refer to organizations, businesses, or entities that acquire products and services for use in the production of other services and products. On the other hand, consumer markets refer to markets where producers sell their products or services directly to the final consumers.

Explanation:

7 0
3 years ago
Last year, bruceco sold 1000 coffee cups for $10 each. this year, the company is planning on selling 1500 coffee cups. in order
Ludmilka [50]

Last year, BruceCo sold 1000 coffee cups for $10 each. This year, the company is planning on selling 1500 coffee cups. In order to cover the additional investment they will charge $10.50 for the first 500 cups, $10.25 for the second 500 cups and $10 for the last 500. Each cup costs $4.70 to produce. What is the marginal revenue for the 1125th cup?Answer: $10.00Last year, BruceCo sold 1000 coffee cups for $10 each.

8 0
3 years ago
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