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natali 33 [55]
3 years ago
11

Dan Dentist was selling the building in which his office was located so that he could relocate to a larger space. Ron, a very ag

gressive commercial real estate broker, told Dan that unless he gave Ron an exclusive one year contract to list the property, he would spread word in the community that Dan was selling his building to pay a large malpractice claim and that Dan had been liable in so many malpractice suits that no company would insure him. Dan believed that Ron would carry out this threat and signed the contract. Dan can rescind the contract based on ________.
Business
1 answer:
tester [92]3 years ago
4 0

Answer:

<em>Duress </em>

Explanation:

Duress is a protection against an agreement. Duress is <em>the wrong pressure to force an individual  into an agreement that he or she would not normally enter into. </em>

Duress involves using force intentionally or  threatening force to induce the agreement.

It may be either physical or mental manipulation, but it must be intimidation to the degree that it robs  the other individual of independent will or freedom of choice.  

This implies that no fair alternative to entering the contract is left to the individual.

You might be interested in
When do children develop their eating habits and physical activity patterns?
user100 [1]

Answer: It varies based on the foods and activities offered to a child

Explanation: Children behave differently as regards eating as some prefer some kind of food over others. Majorly the environment a child finds himself can hugely affect the child's way of behavior which includes food eaten and physical activity engaged in by the child.

This is a product of adaptation common to humans.

6 0
3 years ago
Subway, the sandwich shop, is run by Jim, Tim and Kim. When a customer arrives, Jim spends 5 minutes taking order from the custo
Marizza181 [45]

Answer:

22 minutes minimum time

Explanation:

In the given scenario Subway sandwich shop has given its processes and time of each process.

We are to calculate the minimum time it will take to process a order. So we add all the times

Below is breakdown of the process time

Jim take orders 5 minutes

Tim prepares bread and Kim prepares filling for the order 7 - 10 minutes. We use 7 minutes since we are looking for minimum time.

Jim then assembles the bread 5 minutes

Time delivers order and takes payment 5 minutes

Total time = 5 + 7 + 5 + 5 = 22 minuites

6 0
3 years ago
The process specifications are 12.45 and 13.45 minutes. Based on the data given, does it appear that specifications are being me
natima [27]

Answer:

a. Yes

Based on the data given, it appears that specifications are being met.

Explanation:

a) Data and Calculations:

         Sample 1    Sample 2    Sample 3    Sample 4  Sample 5        Average

                 12.5         13.4              13.0            13.2         12.9        65       13.00

                 12.7         13.2              13.6            12.7         13.5        65.7     13.14

                 12.9         13.0              13.3            13.3         13.2        65.7     13.14

                 13.2         13.1               13.4            12.7         13.2        65.6     13.12

Totals       51.4       52.7              53.2            51.9        52.7      261.9     52.4

Average 12.85      13.17               13.3            12.97      13.17                     13.1

b) Using the law of averages, the process specifications of 12.45 and 13.35 minutes were not exceeded under any sample type.  Therefore, it can be concluded that the process specifications are being met.

6 0
3 years ago
The cob Douglas production function is given by Q(K,L)=AK^1.4*L^1.6
Alexeev081 [22]

Part a) The Cob Douglas production function is given as:

Q(K,L)=AK^{1.4} L^ {1.6 } .

To show that this function is homogeneous with degree 3, we introduce be a parameter, t.

Q(tK,tL)=A(tK)^{1.4} (tL)^ {1.6 } .

Using properties of exponents, we on tinder:

Q(tK,tL)=At^{1.4}K^{1.4} t^ {1.6 }L^ {1.6 } .

This implies that:

Q(tK,tL)=t^{1.4} \times t^ {1.6 }(AK^{1.4} L^ {1.6 } )

Q(tK,tL)=t^{1.4 + 1.6}(AK^{1.4} L^ {1.6 } )

Simplify the exponent of t to get;

Q(tK,tL)=t^{3}(AK^{1.4} L^ {1.6 } )

Hence the function is homogeneous with degree, 3

Part b) To verify Euler's Theorem, we must show that:

K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L}=3AK^{1.4}L^{1.6}

Verifying from the left:

K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L} =K(1.4AK^{0.4} L^{1.6}) + L(1.6AK^{1.4} L^{0.6})

K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L} =1.4(AK^{1.4} L^{1.6}) + 1.6(AK^{1.4} L^{1.6})

K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L} =(1.4 +  1.6)(AK^{1.4} L^{1.6})

K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L} =3(AK^{1.4} L^{1.6})

Q•E•D

8 0
3 years ago
If you were an elected official who wanted to increase tax revenues, which of the following would you prefer to use: individual
katrin [286]

Answer:

sales tax

Explanation:

It does not choose discriminatory the more you spend the more you pay, from a moral perspective people would rather pay for what they get rather than what they make and then possibly invest or save. They would not want to pay taxes at least 3 times if it is an investment.

4 0
3 years ago
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