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
sammy [17]
3 years ago
4

Vernon signed a contract with Cameron allowing Cameron to deal cocaine on Vernons property this contract is because neither part

y can legally enforce it
Business
1 answer:
guajiro [1.7K]3 years ago
4 0

Answer:

Invalid

Explanation:

Most contracts are routine and easily fulfilled. For instance, it’s implied that when you go to the hairdresser they’ll give you what you asked for, within reason, and won’t simply cut off all your hair (unless, of course, that’s what you’d asked for).  

It’s only when the terms of the contract become more detailed—and the contract is less routine—that people should write them down and indicate acceptance with a signature.

To create a valid, enforceable contract under state and federal laws, you must include the required elements.

Offer and Acceptance: A contract must have an offer and acceptance. One party makes an offer (such as selling goods or services for a quoted price) and the other party accepts the terms of the offer (often by making a payment or by providing their signature in writing).  

Legal Object: The object (i.e. the subject matter of the agreement) cannot be illegal; for instance, the law will not uphold an Employment Contract that requires someone to commit a crime, such as theft.

The Capacity of Parties: The law uses age as a threshold for capacity, setting 18, 19, or 21 years as the age of adulthood. Once an adult, mental competence comes into play. The parties must demonstrate their legal capacity to enter into a contract; this means they have a complete understanding of the nature and effect of the contract.  

Consideration: Consideration is a price or value that’s exchanged for an offer. Although it’s usually monetary, consideration can be any right, interest, or benefit—as long as there is an exchange of something of value. Notably, consideration doesn’t have to represent a ‘good deal’ for either or both parties; that is a matter of judgment for the parties entering into a contract.

You might be interested in
When identical units of an item are purchased at different costs,
Masja [62]
When identical units of an item are purchased at different costs: <span>an inventory cost flow method must be used under both a perpetual and a periodic inventory system.

A perpetual inventory system will update your inventory on hand after each sale or purchase of inventory is made.  A periodic inventory system is updated periodically, meaning, a company will give a time period they would like their sales and purchases to update in and the system will perform that. Both systems are great for a business but it's their option of how they are generated. 
</span>
7 0
4 years ago
Self-imposed budgets typically are:
Pepsi [2]

Answer:

C. subject to review by higher levels of management in order to prevent the budgets from becoming too loose.

Explanation:

Self-imposed budgets typically are subject to review by higher levels of management in order to prevent the budgets from becoming too loose.

Self-imposed budget also known as the participative budget is a type of budget where individuals having responsibility for controlling costs, prepares their own budget estimates and present them to the top level of management for review.

3 0
3 years ago
Who is responsible for the actual performance of service tests and periodic inspection of fire detection and alarm systems
I am Lyosha [343]

Owner is only responsible.

Owner

  • Owner is the one who owns the business, create business plans , different goals, & mainly ensures that there business would last forever.
  • He is never engaged in day to day activities but always do the proper inspection of all the works in all the departments.
  • Manages the budget, sales forecasting, planning, organizing in all the process they used to work as a leader.

Alarm systems

  • These are the systems who had the automatic sensor for smoke, fire, & other fire related emergency are detected.
  • They have different pitch of sounds according to the places; i.e. at required place they have high sound and vice versa.
  • They used to activate Automatically when any heat or fire related substances come closer to it.

learn more about this here-

brainly.com/question/20595654

#SPJ4  

4 0
2 years ago
When a bank accepts a checkable deposit from a customer, its deposits will increase and its excess reserves will:________
worty [1.4K]

Answer:

B). increase by the same amount of deposits

4 0
3 years ago
The Lodge borrowed $2,000,000 for five years at an annual interest rate of 9% from the Merchant Bank, which required a $100,000
AleksandrR [38]

Answer:

option (b) 9.5%

Explanation:

Data provided in the question:

Loan Amount = $2,000,000

Annual interest rate = 9%

Required compensating balance = $100,000

Now,

Effective interest rate(EIR)

= (loan × Annual interest on loan) ÷ (Loan - Required compensating balance)

= ($2,000,000 × 9% ) ÷ ( $2,000,000 - $100,000 )

= ($2,000,000 × 0.09 ) ÷ ( $1,900,000 )

= 0.0947 ≈ 0.095

or

= 0.095 × 100%

= 9.5%

Hence,

the answer is option (b) 9.5%

4 0
3 years ago
Other questions:
  • What does a partner in a limited liability partnership have that a limited partner in a limited partnership does not have?
    8·1 answer
  • Jones company lends Alabater Inc. $85,000 on August 6, 2018. This loan was memorialized with a signed note receivable with a rep
    8·1 answer
  • This type of cover letter style does a side by side comparison of an employer’s requirements and an applicant’s experience: a. P
    10·2 answers
  • The price of money borrowed or saved is called _____.<br> interest<br> loan<br> money supply
    8·1 answer
  • Suppose a security has a bid price of $100 and an ask price of $100.12. At what price can the market-maker purchase a security?
    5·1 answer
  • After identifying the purpose of your message, you should select the most appropriate communication channel. When determining th
    11·1 answer
  • Joshua Gnaizda received an envelope in the mail from Time, Inc. The front of the envelope contained two see-through windows part
    6·1 answer
  • nted below is information related to Viel Company at December 31, 2020, the end of its first year of operations. Sales revenue $
    14·1 answer
  • How much would it cost for chester corporation to repurchase all its outstanding shares if the price fell by 10%? assume no brok
    14·1 answer
  • the focal point in budgeting for a service organization is likely to be: a) capital assets acquisition. b) raw material utilizat
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!