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Sphinxa [80]
4 years ago
15

Parsley, a world-famous chef, signs a contract to give lessons in French cooking to Curry. Parsley wants to transfer his duties

under the con¬tract to Relish, the operator of a hot dog concession. The transfer is_________.
a. valid because the performance required is of a nonpersonal nature.
b. valid if Relish is a highly regarded vendor.
c. not valid because performance depends on Parsley's personal skills.
d. not valid if Curry does not hold Relish in high regard.
Business
1 answer:
Margarita [4]4 years ago
8 0

Answer:

C. <u>not valid because performance depends on Parsley's personal skills</u>

Explanation:

A valid contract refers to an agreement entered into by parties which legally binds both parties and is enforceable under the law.

For a contract to be termed as valid, it must be performed by the parties to it.

Performance clause in a valid contract refers to doing or acting in a way as is required by the terms of the contract.

In the given case, Parsley signed a contract to provide services i.e provide French cooking lessons to Curry. Later, Parsley wants to transfer his duties to Relish.

The transfer will not be valid since the performance i.e service to be provided by Parsley are of personal nature and the consideration is based upon that. No two individuals can provide exact services.

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3 0
3 years ago
A perfectly competitive orchard that produces 500 lbs of apples in the short run has an ATC = $10 and AFC = $8. The market price
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Answer:

The correct answer is "should continue producing 500 lbs of apples"

Explanation:

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For this case, the best option is to continue producing the same quantity of units, 500 lbs of apples.

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Answer:

         Statement of Cash Flows (Direct Method)

          For Year Ended December 31, 2020

Particulars                                             Amount

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