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melisa1 [442]
3 years ago
9

2. Oral contracts for the sale of land fall under the Statute of Frauds, but under what circumstance might a court enforce such

a contract?
Business
2 answers:
Vikki [24]3 years ago
6 0

Answer:

Oral contracts for the sale of land can be enforceable if the buyer paid part of the cost of the land, has taken possession and made permanent improvement to the land.

Explanation: A contract is an agreement either written or spoken that is intended to be enforceable by law.

Oral Contracts represents spoken agreements. In the case of the possession of a land, it is considered fraudulent. However, it can be enforceable by law if the buyer paid a part of the price, has taken possession and permanently done some improvements on the land.

gladu [14]3 years ago
5 0

Answer:

The correct answer is letter "C": If the buyer paid part of the price, taken possession, and made permanent improvements to the land.

Explanation:

The Statute of Frauds or SoF mostly applies to the sales of lands and requires contracts to be written. Some of those contracts include <em>promises on marriages, incomplete contracts that last less than one year, land contracts, </em>and <em>promises on estate's debts.  </em>

<em> </em>

When talking about land contracts, <em>if there is an oral contract and the individual purchasing the land took possession of the property and made permanent improvements the SoF can be enforced.</em>

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The Conways received close to $40 million from the sale. However, shortly after the sale, the Conways regretted signing the non-
Lyrx [107]

Answer:

Incorrect

Explanation:

The Bard company has paid millions of dollar of consideration and requires that the Philip Conway Inc. would transfer the ownership of the RM Corporation to Bard. The court dismissed the case and said that the subsidiary is the property of Bard now because their was a flow of consideration from the part of Bard.

6 0
3 years ago
"Stock R has a beta of 1.5, Stock S has a beta of 0.75, the required return on an average stock is 10%, and the risk-free rate o
Kaylis [27]

Answer:

4.5%

Explanation:

Stock R (Beta) = 1.5

Stock S  (Beta) = 0.75

Expected rate of return on an average stock (Rm)= 10%

Risk free rate (Rf) = 4%

Required Return (Re) = Rf +(Rm-Rf) B

Required Return = 0.04 + (0.10-0.04) B

Required Return = 0.04 + 0.06B

Stock R = 0.04 + (0.06 * 1.50)

Stock R = 0.04 + 0.09

Stock R = 0.13

Stock R = 13%

Stock S = 0.04 + (0.06 * 0.75)

Stock S = 0.04 + 0.045

Stock S = 0.085

Stock S = 8.5%

Here, the more risky stock is R and less risky stock is S. Since, R has more beta than the Stock S.

= 13% - 8.5%

= 4.5%

7 0
3 years ago
Over the course of 40 years, Sal grew his company to six package shipping stores. with his retirement approaching and the increa
Pavel [41]

Answer:

<em>C. defensive strategy </em>

Explanation:

<em><u>Defensive strategy</u></em><em> </em><em> is been represented by the effort of Sal's reduction</em>.

Basically in defensive strategy, the consumers and the customers are been hold-back by the companies and organisations. In this when competition increases the companies try to pull back their old customers from their competitors company.

In the scenario which is been represented in the question the Sal's company indulge's in the action that is known as defensive strategy.

7 0
3 years ago
The manager of a retail store notices that 7% of the inventory is missing. She doesn’t know if the merchandise was stolen, lost,
hodyreva [135]

Answer:

<u>(D) ​inventory obsolescence</u>

Explanation:

  • It is known as the phase where the inventory is at the end or final stage of its product cycle. This inventory can be sold or used for the long run and is then not expected or liable to be given or sold in the future by the company.
  • As she doesn't know whether the inventory is missing or does not know if it has been broken or stolen, she can note this down and thus can asset for the criteria following the valid integrity testing.
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3 years ago
Joey's first task as a new employee at a Technology firm is to write a computer program to perform a predictable task. Joey can
sveticcg [70]

Answer: Option A

       

Explanation: In simple words, critical thinking refers to the process under which an individual or an entity analyse and evaluate their objectives with the intent of forming a judgement for then purpose.

In the given case, joey has a wide variety of alternatives to choose to how to perform then task and the supervisor will form judgement about his work on the basis of the choices he made for the work assigned.

7 0
3 years ago
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