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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
Seymour Corporation manufactures batons. Seymour can manufacture 300,000 batons a year at a variable cost of $750,000 and a fixe
makvit [3.9K]

Answer:

c. $2.50

Explanation:

Calculation to determine The unit relevant cost per unit for Seymour's decision is

Unit relevant cost per unit=Variable cost/Number of banton units manufacture

Let plug in the formula

Unit relevant cost per unit=$750,000/350,000 units

Unit relevant cost per unit=$2.50

Therefore The unit relevant cost per unit for Seymour's decision is $2.50

7 0
3 years ago
Given the annual rate of economic growth, the "rule of 70" allows one toA) determine the accompanying rate of inflation.B) calcu
erik [133]

Answer:

B) calculate the number of years required for real GDP to double

Explanation:

The rule of 70 calculates the amount of time it takes for an investment to double.

Given the annual rate of economic growth, the rule of 70 calculates the number of years required for real GDP to double.

It is calculated as 70 / annual rate of economic growth.

I hope my answer helps you.

7 0
3 years ago
Mosbey Inc. is working on its cash budget for June. The budgeted beginning cash balance is $29,000. Budgeted cash receipts total
Jet001 [13]

Answer:

The excess cash available will be $30,000  

Explanation:

The following information were given:

beginning cash balance = $29,000

budgeted cash receipt = $187,000

budgeted cash disbursement = $186,000

desired ending cash balance = $51,000

required = excess (deficiency) of cash available over disbursement.

To calculate the excess (deficiency) of cash available over disbursement, disbursements will be deducted from all the cash received and available, if the difference is positive, then the cash available is excess, if negative, then the cash available is deficiency. This is calculated as follows

Total cash available = beginning cash balance + budgeted cash receipt

= 29,000 + 187,000 = $216,000

Total disbursements = $186,000

∴Excess (deficiency) of cash available = 216,000 - 186,000 =$30,000 (excess)

7 0
3 years ago
Pandey Inc. had the following activities during the month:______.
telo118 [61]

Answer:

Based on the analysis, the basic accounting equations holds as follows:

Total Assets = Total Liabilities + Total Shareholders' Equity => 2,078,000 = 1,912,000 + 166,000

Explanation:

Note: See the attached excel file for the horizontal analysis.

For event C: Advance payment for Equipment rentals = $29,000 * 5 months = $145,000

All the items under the shareholders’ fund are income statement items that will affect the retained earnings.

The additional note below the horizontal analysis in the excel file shows that accounting equations holds. That is;

Total Assets = Total Liabilities + Total Shareholders' Equity => 2,078,000 = 1,912,000 + 166,000

Download xlsx
5 0
3 years ago
Charles and camilla are getting divorced. under the terms of the decree charles will pay camilla $50,000 in cash in each of the
Umnica [9.8K]
   Gross income, or gross salary, is the total payment of an individual from almost all sources. It is the starting point to determine the taxes that the individual will pay. Property and child support arrangements are not included in gross income, but alimony payments (CASH) are included. Other types of payments that do not qualify as alimony:<span>property divisions (if a transfer of property does not meet the definition of alimony, the recipient of the transfer excludes the value of the transfer of income, and the person transferring the property can not deduct the value of the property transferred). - Childhood (not included in gross income, and can not be deducted by the person who pays them).
 Based on the foregoing, in the case of Camilla she should only include the amount of $ 50,000 </span>
6 0
3 years ago
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