1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Darya [45]
4 years ago
7

A promise to make a gift for a charitable or educational purpose is unenforceable unless and until the institution to which to p

romise was made incurs obligations by relying on the promise. This exception is usually justified on the basis of either _____ or _____.
Business
1 answer:
xz_007 [3.2K]4 years ago
7 0

Answer:

This exception is usually justified on the basis of either promissory estoppel or public policy.

Explanation:

There are many Judicial devices and one of them is the Estoppel. In common law, there are legal systems which allow a court to use this device to prevent a person (corporate or individual) from making pronouncements or from defecting on their promise.

 

With regard to public policy, courts in recent cases have reached conclusions that pledges are legally enforceable regardless of whether or not the recipient of the promise has incurred liabilities based on the pledge, and that, the only way to ensure compliance with requirements of the law, a test of public policy is to ensure the promise is made good.

This thought holds true in Ohio where for example, a pledge has the same weight as a promissory note.

According to precedence established in Pennsylvania, any written promise can be enforced regardless of whether or not the pledger intends to be legally bound.

Cheers!

     

You might be interested in
O índice de mortalidade das micro e pequenas empresas brasileiras, nos primeiros anos de existência, atinge percentuais não desp
Dominik [7]

Explanation:

The text reads;

"The mortality rate of Brazilian micro and small companies, in the first years of existence, reaches not insignificant percentages, which has been the subject of analysis and discussion in various areas of society, from the academic to the business world. This retrospect is not a particular feature of Brazilian companies. Even in the United States, a reference country in entrepreneurship and the creation of successful small companies, the mortality of so-called startups is also high, reaching rates above 50% in some business areas. Therefore, it is recommended to carry out the business plan. DORNELAS, J. C. A. Entrepreneurship in practice: myths and truths of the successful entrepreneur. Rio de Janeiro: Elsevier, 2007. (Adapted).

On the stage of the executive summary, check the correct alternative."

I could infer you are required to right a business plan.

7 0
3 years ago
The Terme Corporation is contemplating the purchase of new equipment, which may potentially increase revenues by 25%. Currently,
vekshin1

Answer:

The increase in gross profit is  $12,374.93

Explanation:

The increase in sales due to purchasing this new equipment is 25% of current sales figure of $750,000

increase in sales=$750,000*25%=$187,500

variable cost on the increase in sales is 55%=$187500 *55%=$103,125

The annual depreciation charge on the new equipment=cost of the new equipment-salvage value/useful life

cost of the new equipment is $357,500.37

salvage value is $0

useful life of the new equipment is 5 years

annual depreciation charge=($357,500.37-$0)/5=$ 71,500.07  

Increase/(decrease) in annual gross profit=$187,000-$103,125-$ 71,500.07  =$12,374.93  

4 0
3 years ago
The following amounts were taken from a company's balance sheet:
liberstina [14]

Answer:

Option a (5000) is the appropriate answer.

Explanation:

Given values are:

Current assets,

= $10,000

Current liabilities,

= $5,000

Now,

The working capital will be:

= Current \ assets-Current \ liabilities

By substituting the values, we get

= 10000-5000

= 5000

7 0
3 years ago
sabrina company recorded an adjusting entry for salaries owed to employees at the end of the year. as a result of this entry, sa
mafiozo [28]

Sabrina Company recorded an adjusting entry for salaries owed to employees at the end of the year. As a result of this entry, Sabrina Company's equity decreases and liabilities increase.

<h3>What is equity?</h3>

Equity in finance refers to ownership of assets that may be accompanied with debts or other liabilities. Liabilities are subtracted from asset value to calculate equity for accounting reasons.

<h3>What is liabilities?</h3>

A liability is an obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.

To learn more about liabilities visit:

brainly.com/question/15006644

#SPJ4

4 0
2 years ago
State and explain ways to set-up business in domestic market?
Murljashka [212]

Answer:

Explanation:Buy products in bulk to sell.

Sell homemade products you make yourself.

Start a dropshipping store.

Start a print-on-demand store.

Sell your service or expertise.

Productize your service or expertise.

Grow an audience you can monetize.

Buy an existing ecommerce business.

3 0
3 years ago
Other questions:
  • International business differs from domestic business in that a firm operating across borders must deal with: Group of answer ch
    12·1 answer
  • Calculate the percentage change in per capita real GDP between 2018 and​ 2019: nothing​%. ​(Enter your response as a percentage
    10·1 answer
  • Tiffany is unmarried and has a 15-year-old qualifying child. Tiffany has determined her tax liability to be $3,525, and her empl
    13·2 answers
  • What strategies should a direct response message use? Check all that apply.
    6·1 answer
  • Casper Energy Exploration reports that the corporation’s assets are valued at $185,000,000, its liabilities are $80,000,000, and
    9·1 answer
  • In which of the following organization forms is the owners' legal responsibility for the debt of the business limited to the amo
    15·1 answer
  • By addressing customer complaints as quickly as possible, even in the middle of a model year, is demonstrating ____.
    7·1 answer
  • True or False:
    11·1 answer
  • Locus Company has total fixed costs of $121,000. Its product sells for $67 per unit and variable costs amount to $57 per unit. N
    10·1 answer
  • Keynesian analysis stresses that a tax cut that increases the government's budget deficit or reduces its budget surplus:________
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!