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Afina-wow [57]
3 years ago
13

Andrew agrees to paint Rosalene's house for $500. Two days after he starts the job, he decides that $500 isn't enough money. He

refuses to finish the job, unless Rosalene agrees to pay him $100 more. What legal principle applies to this fact situation?
A. The acceptance of additional money to settle a disputed claim is supported by consideration.
B. A past obligation is sufficient consideration for a new promise.
C. Andrew was already obligated to paint the house. He gives no additional consideration in return for Rosalene's promise to pay more money.
D. Rosalene has made a promise in exchange for a forbearance.
Business
1 answer:
PtichkaEL [24]3 years ago
8 0

Answer:

C. Andrew was already obligated to paint the house. He gives no additional consideration in return for Rosalene's promise to pay more money.

Explanation:

In this scenario Andrew had already agreed to do the painting for $500, so he is obligated to do the job or breach the contract.

He does not have a legal backing to make a counter deal in the middle of the job.

If Roseline decides to pay an extra $100 she does so without any obligations. She may or may not pay and Andrew is still obligated to complete the work.

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frutty [35]

Answer:

cumulative discounts

Explanation:

Options:

  • A) allowance
  • B )cash
  • C) seasonal
  • D) noncumulative
  • E) cumulative

A cumulative discount refers to a company offering a discount in the sales price of an item or items if the total purchase is higher than a certain threshold. It is similar to offering discounts for buying in bulk (which refers to quantity), only that this type of discount is offered to customers that purchase over a certain amount of money.

6 0
3 years ago
The "principal-agent problem" often arises in public choice when politicians pursue the best interests of their constituents
Gekata [30.6K]
<span>The "principal-agent problem" is when one person can make a decision on behalf of someone else that impacts the "principal". The agent works to favor the interests of the principal and receives incentives for doing so in return. The agent can get into a conflict of interest or make morally wrong decisions in favor of the principal they are helping. </span>
3 0
3 years ago
A hospital's permanent accounting department and customer service department are examples of
Kruka [31]

The answer is functional.

Functional groups in working context, means a group of people that are categorized by their work function – or more specifically the specialized work field that they are responsible for.

This is apparent in the example, with classifications such as accounting department and customer service department. Other examples would be marketing department and research & development department.

3 0
3 years ago
Economists believe that people's wants are:
Cloud [144]

Economists believe that the wants of people are infinite.

<h3>What is want in economics?</h3>

These are the basic needs of people. In the field of economics it is believed that the wants of people are too numerous.

People have so many needs and the resources that are required to fulfill them are limited. This is the concept of scarcity.

Read more on want and scarcity here:

https://brainly.in/question/2337492

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3 0
2 years ago
Westsyde Tool Company is expected to pay a dividend of $1.50 in the upcoming year. The risk-free rate of return is 6%, and the e
lawyer [7]

Answer:

Return on company's stock = 15.6%

Explanation:

<u><em>The capital asset pricing model (CAPM)</em></u><em> relates the price of a share to the market risk or systematic risk. The systematic risk is that which affects all the all the economic agents, e.g inflation, interest rate e.t.c</em>

Using the CAPM , the expected return on a asset is given as follows:

E(r)= Rf +β(Rm-Rf)

E(r) =? , Rf- 6%, Rm- 14%, β- 1.2

E(r)  = 6% + 1.2× (14- 6)%

        = 6%  + 9.6%

         = 15.6%

Return on company's stock = 15.6%

7 0
3 years ago
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