Answer:
Jones is liable to pay.
He is liable to pay to the tune of $1000. This may be negotiated however if it is not fair.
Explanation:
See the following points
- The question above is an example of Implied At-law contracts. (We will get to the definition of this in a bit).
- A contract is a legally binding agreement that recognises and governs the rights and duties of the parties to the agreement. A contract is legally enforceable because it meets the requirements and approval of<u> the Law</u>. From the above definition it is clear that two people may actually be engaging in a contract without knowing it.
- The law defines that a contract is.
- Contracts may be Express or Implied.
- Express contracts are simply contracts that are stated expressly, or openly, in either writing or orally, at the time of contract formation.
- Implied contracts are created when two or more parties have no written contract.
- There are two types of implied contracts:
- Implied In-Fact Contracts: these are contracts which create an obligation between the parties based on the facts of the situation. For example, assume your neighbor hires you to wash his car every Friday for the entire holidays. You wash your neighbor’s car for the first four weekends of the holidays and get paid on Friday morning each time. The fifth Friday you wash the car and when you arrive at your neighbor’s house for your pay, your neighbor refuses to pay you. The law will infer that there is a contract between you and your neighbor, even though you never put anything in writing. This is an implied in-fact contract.
2. The other type of Implied contract is that which is Implied At-Law
In the case between Jones and Smith, the law imposes a duty to perform a contract, and will enforce such a contract even against a person’s will, where the situation is such that without this legal intervention, one party would be <u>unfairly enriched</u> or advantaged by another party’s action.
- In the question above, Smith is a CPA. He is qualified in every respect to carry out Professional Tax services. His services may be relied upon with a great degree of confidence.
- If Jones had not filed those tax returns, he probably would have lost monies that should have accrued to him from the government.
This type of agreement is also considered a quasi-contract. A quasi-contract occurs where the law imposes an obligation upon the parties where in fact the parties did not intend to enter into a contract and made no promise to perform.
However, because one party would be unjustly enriched by another party’s action, the beneficiary of those actions must make restitution or pay fair value for the services provided, even though there was never any intention to enter into an agreement.
Cheers!
Options: A. Community policing. B. Situation prevention C. Target hardening D. Benefits diffu
Answer: C. Target hardening technique
Explanation: Target hardening technique is a technique adopted in crime prevention to make it very difficult for the targets of criminal activities to be reached or affected. The process of installing an unbreakable glass in the store of Businesses is one of the target hardening technique of crime Control.
Target hardening is of great importance for crime fighters like the police officers and the owners of Businesses as it makes the target less attractive to the criminals.
Answer:
You should expect the following when you sign an exclusive contract with a real estate agent as a buyer:
- the agent has to locate and identify potential properties that might interest you, and advice you about a fair market price
- the agent is responsible for reviewing the paperwork
- the agent is also responsible for preparing purchase offers, and other related services
You should expect the following when you sign an exclusive contract with a real estate agent as a seller:
- the agent has to locate and identify potential buyers that might be interested in your property, and try to obtain the best possible price.
- the agent is responsible for reviewing the paperwork
- the agent is also responsible for negotiating purchase offers
Sharon is in the "purchase decision and purchase act" <span>stage of consumer decision process.
</span><span>The buying decision process is the basic leadership process utilized by buyers with respect to advertise exchanges previously, during, and after the buy of a good or administration. It can be viewed as a specific type of a cost– advantage examination within the sight of various options.The five stages of this process includes:
Problem Identification
Information Search
Evaluation of Alternatives
Purchase Decision
Post-purchase Decisions</span>
The firm’s marginal cost of production when the firm is producing 50 units of output is 33.33
Solution:
The production function is Q = 
The initial value is 10 units. The production value is 50 units The manufacturing cycle needs work as stated below.
Q =
Q = 
L = 
The wage rate is $15 . The following is the expense of the manufacturing process.
TC = 
TC = ![( 15 * (\frac{Q}{3.162} )^{2} ) + [ P_{k * 10}]](https://tex.z-dn.net/?f=%28%2015%20%2A%20%28%5Cfrac%7BQ%7D%7B3.162%7D%20%29%5E%7B2%7D%20%29%20%2B%20%5B%20P_%7Bk%20%2A%2010%7D%5D)
The marginal production cost is really the increase in manufacturing costs as output increases by 1 point.
As listed below, the marginal cost:
TC =
MC = 
= 
MC = 
= 33.33
