Pumps, Inc., agrees to assume a debt of Quality Parts Company to Reliable Finance LP. The agreement is not in writing. To be enforceable, the promise must be for the benefit of Pumps.
What is debt?
A sum of money due to another by another person, business, etc. Borrowing money to pay for a good, service, or financial asset results in debt (e.g. INSTALMENT CREDIT). Debt contracts include interest charges for the period of the loan and call for the eventual repayment of the amount borrowed.
What happens if a contract is not in writing?
The agreement might not be upheld in court if it does not adhere to the rules for contract writing. The court will frequently rule that a contract does not exist. This implies that no conflicts can be settled in court. If there is a dispute, the parties might be unable to resolve it through the legal system.
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Answer:
2550
Explanation:
The HHI is calculated by squaring the market share of each firm in the industry.
40² + 20² + 15² + 15² + 10² = 1600 + 400 + 225 + 225 + 100 = 2550
A job analysis method is valid if it accurately assesses each job's duties.
A job analysis helps companies list appropriate taste and expectations for a job listing. It's important to make sure the people applying for the job and ultimately getting hired are well aware of their tasks and responsibilities in that position.
Answer:
Change Agent.
Explanation:
Change as it is naturally stated is said to be a continuous process which involves managers in this case at all levels, who should initiate change and how has to be deliberately decided in planned change.
Any resistance in introducing change is overcome by the change agent who motivates the employees to accept the change. Internal management takes help of external consultants in introducing planned change.
