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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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50 points if you answer this question, If you can date any celebrity, who will it be?
liubo4ka [24]

Answer:

Most likely Belle Delphine

5 0
3 years ago
Read 2 more answers
Urban’s, which is currently operating at full capacity, has sales of $47,000, current assets of $5,100, current liabilities of $
Nataly_w [17]

Answer:

AE = Increase in Assets - Increase in Liabilities - Profit × (1- payout ratio)

= [($51,500 + $5,100)×0.03 - ($6,200)×0.03 - ($47,000×1.03×0.05)×(1-0)]

= -$908.50

<em>Here, it can be clearly denoted that the firm does not need to raise the additional equity .</em>

Explanation:

Given :

Sales = $47,000

Current assets = $5,100

Current liabilities = $6,200

Net fixed assets = $51,500

Profit margin = 5 %

Sales are expected to increase by 3 percent next year

∴

The additional equity financing(AE) can be computed as follow:

AE = Increase in Assets - Increase in Liabilities - Profit × (1- payout ratio)

= [($51,500 + $5,100)×0.03 - ($6,200)×0.03 - ($47,000×1.03×0.05)×(1-0)]

= -$908.50

Here, it can be clearly denoted that the firm does not need to raise the additional equity .

6 0
3 years ago
Nineteen-year-old Devon plans to get a credit card, but his parents say it is not a good idea. What fiscally responsible argumen
skad [1K]

Nineteen-year-old Devon can tell to his parents on giving the disapproval of credit card that He needs a credit card if he wants to make any online purchases.

<h3>What is credit card?</h3>

A credit card is one that is offered to consumers and applied to make acquisitions with the thought that the cardholder will eventually return to the card issuer.

This return eventually for the cost of the things purchased, as well as any agreed-upon fees and interest, if any.

In the above case, Nineteen-year-old Devon wishes to acquire a credit card, but his parents feel it is not a smart idea.

What fiscally sensible argument can Devon present should get his parents to require a credit card if he intends to make any online transactions.

Therefore, option C is correct.

Learn more about the credit card, refer to:

brainly.com/question/27350251

#SPJ1

5 0
2 years ago
(Last Word) The U.S. Internet search market: A. has no barriers to entry. B. is best characterized by pure competition. C. has a
Neporo4naja [7]

Answer:

D. is dominated by Google, which controls about 70 percent of the market.

7 0
4 years ago
Read 2 more answers
Dan has been directed to study the forces close to a company that affect its ability to serve its customers, such as the company
shutvik [7]

Answer:

Micro environment                                              

Explanation:

The institution's micro-environment comprises of those components that are manageable. Generally the micro-environment doesn't really impact all businesses in a sector in same manner, as the scale, efficiency, competence and approaches are different.

For instance, the suppliers of raw materials are giving big corporations more compromises. We might not offer small businesses the same concessions though. Thus, from the above we can conclude that the correct answer is micro-environment.

5 0
3 years ago
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