Answer:
The Supreme Court ruled in favour of the Complainants, enforcing the contract.
Explanation:
The Lucy Vs Zehmer case was one of decision on if a contract was binding or not on the basis of the undisclosed intentions of the parties involved in the contract. Zehmer alleged that he had jokingly sold and transferred title to Lucy while drunk. However the court ruled that contract for the sale of land to Lucy was valid on the basis that the secret intentions of Zehmer was not known or disclosed in the sale of the land and only his actions count for the contract to be binding.
Answer: D, overall productivity in the industry decreases.
Explanation: a producer can gain less market share from a given price cut.
Increased in competition means there are more firms and this will not effect consumers decisions.
A thearter is kept open for an advertisement to allow people to view or have an idea of the movies to be shown in the evening.
<h3>What is a business strategy?</h3>
Business strategy is a list of actions and decisions made by a company or organization to reach its goals and objectives.
Opening theater in the afternoon is a business strategy and it is an approach to create awareness of what their programs will be.
Therefore, A theater is kept open for an advertisement to allow people to view or have an idea of the movies to be shown in the evening.
For more information on business strategy kindly check
brainly.com/question/24967768
<span>Implicit Cost Explicit Cost
The wholesale cost for the pianos that Darnell pays the manufacturer $452,000
The salary Darnell could earn if he worked as an accountant $48,000
The wages and utility bills that Darnell pays $301,000
The rental income Darnell could receive if he chose to rent out his showroom $38,000
B.
Profit ($)
Accounting Profit 842,000 - 452,000 - 301,000 = 89,000
Economic Profit 842,000 - 452,000 - 301,000 - 48,000 - 38,000 = 3,000
C. Economic Profit as an accountant = 48,000 + 38,000 - 89,000 = -$3,000. Thus, Darnell should stay in the Piano business to maximize the Economic Profit.</span>
Answer:
The two questions that he must ask from himself are:
- Do you have credit report?
- Do you have good credit score?
Explanation:
The reason is that the banks are giving you money and are worried about whether or not you are going to pay them back or not. So they require some evidences whether the person has any credit report and good credit score which shows that the person will be worried to pay the bank and if he is not able to pay he find alternative as he is a responsible person. So these two questions assesses whether the person is capable to pay the mortgage.
