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]
3 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]3 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
ROK Corporation has provided you with the following information for 2010: (hint - set up T accounts for all accounts and post th
Sunny_sXe [5.5K]

The factory overhead applied to the product is $5,400

Let understand that Factory Overhead means the <em>total cost</em> that is used in operating all the production segment (i.e depreciation of equipment, salary, wages, electricity) of a manufacturing company and its does not include the costs of direct labor & materials.

  • It is given that:

- <em>Factory Labor Incurred  equals $8,000 (including $6,000 direct and $2,000 indirect</em>

<em>- Manufacturing Overhead is applied to the product based on 90% of direct labor dollars</em>

<em />

  • Therefore, the Factory overhead applied will equals Direct factory labor incurred * 90% Overhead applied

<em />

<em>Factory overhead applied = $6,000 * 90%</em>

<em>Factory overhead applied = $5,400</em>

<em />

In conclusion, the factory overhead applied to the product is $5,400

See similar Factory overhead here

<em>brainly.com/question/14330080</em>

7 0
3 years ago
Wallace Heating is attempting to estimate its costs of manufacturing heating ducts for the coming year using the high-low method
Anna11 [10]

Answer:

Variable Cost per hour is $4.86

Explanation:

given data

Highest Cost = $27,049

Lowest Cost = $19,772

Highest Cost Driver = 4,168  hours

Lowest Cost Driver =  2,672  hours

solution

we get here Variable Cost per hour that is express as

Variable Cost per hour = (Highest Cost - Lowest Cost) ÷ (Highest Cost Driver - Lowest Cost Driver)   ......................1

put here value and we get

Variable Cost per hour = \frac{27049-19772}{4168-2672}    

Variable Cost per hour = \frac{7277}{1496}    

Variable Cost per hour = 4.86

so Variable Cost per hour is $4.86

5 0
2 years ago
Mattel teamed with coca-cola to market soda fountain sweetheart barbie. this is an example of ____.
Svet_ta [14]

Mattel teamed with coca-cola to market soda fountain sweetheart barbie. this is an example of cobranding. Co-branding is a marketing approach in which numerous brand names are used on the same product or service as part of a strategic collaboration.

Co-branding (or "cobranding") refers to various different sorts of branding collaborations that often involve the brands of at least two companies. The use of two or more brands to name a new product is known as co branding. The ingredient brands collaborate to achieve their goals. The entire synchronisation between the brand pair and the new product has to be kept in mind.

To learn more about Co-branding, click here.

brainly.com/question/12436812

#SPJ4

6 0
1 year ago
Reflect on the various factors that affect development, both prenatally and postnatally. Select one factor and share a way that
katen-ka-za [31]

Answer:

A variety of factors affect development, prenatally and postnatally. A non-biological factor, the drug use by parents before and after child´s birth, affect both.

Explanation:

Drug use before, during and after pregnacy problem outcomes form, both  individual and environmental reasons. Drug prevention and treatment, traditionally  focused on changing individual behaviours have had very limited impact , as the environment hasn´t had necessary change, and the social determinants of  drug use have increased, with exacerbating factors that include cognitive limitations, poor parenting  and low family socio-economic status,  causing the development of  children, not receiving the nutrition and stimulation necessary, to be significantly impeded since the very conception, causing genetic predisposition  to drug use; in neonatal and infancy, the consequence might be to get a child with difficult temperament , in preschool, children could develop early behavioural and emotional disturbances, such as oppositional defiant disorder or, depression ; in primary school, children could be unable to self-regulate emotions and behaviour ; if they get to high school, children may be exposed to drug-using social contexts.

3 0
2 years ago
The Jamesway Corporation had the following situations on December 2021.On December 10, 2021, Jamesway received a $4,000 payment
hjlf

Answer:

Date    Particulars                                       Debit            Credit

           Deferred Service Revenue A/c     $4,000

                     To Revenue A/c                                           $4,000

            (Being Revenue recognized)

          Advertisement Expense  A/c           $2,600

                  To Prepaid Advertisement A/c                      $2, 600

          (Being expense recognized)

           Employees Salaries A/c                  $16,000

                  To Outstanding Employees Salaries A/c      $16,000

           (Being expense & liability recorded)

           

             Interest expense A/c                      $1,600

                           To Interest Liability A/c                            $1,600

             (Being Interest expense & Liability for the

               month September to December recorded)

Assumptions & Working notes:-

i) Since service is performed in the same financial year revenue is transferred from deferred revenue account to revenue account.

ii) Since 20 advertisements shown in the month of December only so expense related to those 20 is recognized in the month of December and remaining in the month of January.

$5,200/40*20 = $2,600

iii) Since salaries are paid in month of January but this is the expense for the month of December we recorded above entry.

iv) Interest Expense for months September to December is recorded and corresponding liability is created.

($60,000 * 8%) / 12 * 4 = $ 1,600

6 0
3 years ago
Other questions:
  • The Retained Earnings balance was $24,100 on January 1. Net income for the year was $19,900. If Retained Earnings had a credit b
    11·1 answer
  • Joey’s parents told him that for every 3 hours of chores he completes, they would give him $11 for his allowance. His friend Sar
    11·1 answer
  • William pays his $500 premium every 6 months for automobile insurance with collision coverage. His deductible is $750. William c
    8·1 answer
  • Which of the following statements comparing debit and credit cards is TRUE?
    5·1 answer
  • Connect the words below (In any order) and create an essay
    8·1 answer
  • The model and concepts used to develop the economics of __ are similar to those used to illustrate the effects of:
    11·1 answer
  • If we want to produce more computers, we must give up the production of some cameras, which is referred to as ________.
    7·1 answer
  • Valley markets has an inventory turnover of 3.2 and a capital intensity ratio of 1.9. what are the days in inventory for valley
    10·1 answer
  • If a business decides to act outside of the prevailing ethical norms of that community.
    15·1 answer
  • lourdes corporation's 11% coupon rate, semiannual payment, $1,000 par value bonds, which mature in 15 years, are callable 4 year
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!