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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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In January, Knox Company requisitions raw materials for production as follows: Job 1 $936, Job 2 $1,690, Job 3 $767, and general
oksano4ka [1.4K]

Answer:

Materials used in production go to Work in Process so;

= 936 + 1,690 + 767

= $3,393

The materials used in the general factory will go to Manufacturing Overhead.

Date                                                                         Debit                   Credit

Jan 31   Work in Process                                     $3,393

             Manufacturing Overhead                      $   667

             Raw Materials Inventory                                                    $4,060

5 0
3 years ago
Damon Industries manufactures 20,000 components per year. The manufacturing cost of the components was determined as follows:
Shkiper50 [21]

Answer:

d. a $10,000 decrease.

Explanation:

The computation of the impact on the income is given below:

In case of making the product

= Direct material + direct labor + variable manufacturing overhead  + rented

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= $330,000

And, in case of buying the product

= 20,000 × $17

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So there is a decrease of $10,000

8 0
3 years ago
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Answer: Option C

           

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In such a market structure the supply curve is a horizontal line that depicts that whatever the quantity is the price will remain the same, that is,  at the equilibrium level.

This happens due to the fact that there are large of number of participants present and no individual have the power to affect the price.

Thus, the correct option is C.

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Each step is represented with the actions to be carried out, including the decision.

Usually, a process flow chart is depicted with a shape and line arrow to show the direction from one step to another.

Hence, in this case, it is concluded that to remain efficient and effective, the workflow must follow a certain process flow chart within each department's function.

Learn more here: brainly.com/question/20304492

3 0
3 years ago
The reason that interest rate risk is greater for ____ term bonds than for ____ term bonds is that the change in rates has a gre
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The reason that interest rate risk is greater for <u>long</u>-term bonds than for <u>short</u>-term bonds is that the change in rates has a greater effect on the present value of the <u>Par Value</u> than on the present value of the <u>Coupon</u>.

<h3>What is a Long-term Bond?</h3>

Long-term bonds are investments that span a maturity term of at least 10 years and up to 30 years.

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See the link below for more about long-term bonds:

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