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
Goryan [66]
3 years ago
6

Patty is a poor college student struggling to work and keep up with her studies. Fred, her uncle, promises to pay Patty support

of $200 per month for the next six months. Although Fred didn't ask her to, she quits her current job in order to devote full time to her studies for the next six months. Fred makes one payment and then stops with no explanation. If Patty sues, what is the likely result?
a. Fred would win, as he did not ask Patty to quit her job.
b. Patty would win, as a contract was formed when Fred promised to pay her the support.
c. Fred would win, as family members cannot sue each other for breach of an oral promise.
d. Patty may win under the doctrine of promissory estoppel.
Business
1 answer:
777dan777 [17]3 years ago
6 0

Answer:

If patty sues, the likely result is:

D. Patty may win under the doctrine of promissory estoppel.

Explanation:

Here, in the given question it is mentioned that Patty is a student who is poor and he is struggling to work and also keep up with her studies inspite of the difficulties.

Her uncle, Fred, promises patty that he will help him in this situation and help her with an amount of $200 per month for the next six months.

Although her uncle, Fred didn't ask her to but patty by herself quits her job so that she gives her maximum time and attention to her studies for the six months in which her uncle was going to help her.

According to what hr uncle promised he gave her the amount which he promised to but this was done for a month and then without saying anything or giving any reason he stopped giving her the amount he promised to.

So, now in this scenario if patty sues the likely result would be:

d. Patty may win under the doctrine of promissory estoppel.

You might be interested in
When a seller makes a profit from the resale of goods after a buyer breaches a contract, the seller: Select one: a. may keep the
vaieri [72.5K]

Answer:

The correct answer is the option A: may keep the profits.

Explanation:

To begin with, it all depends from the kind of contract that both parties have signed but the most situation that will happen after the resale of a goods that were given pack because of the breach of the contract from the buyers then the seller of the goods may keep the new profits because initially those profits will not be tied to the first contract that was breached and secondly the one that finished the contract by not accomplish one the rules was the buyer so that means that the sellers was not involved in the damage but he receive the damage from the buyer.

3 0
3 years ago
Jeff has been a project assistant for XYZ Corporation for five years. Recently he was asked to train Harriet, a new employee. He
Monica [59]

Answer: (C) Expert

Explanation:

 The expert power is basically based on the power of an employee  where the employers in an organization contain the knowledge and they are specialized in their skills.

The power an expert has the great asset in which the managers are able to handle leadership quality and manage all the work among their team.

The expert power is one of the most important power as compared to the reward power as it lead the employees more effectively and encourage them to perform tasks.

Therefore, Option (C) is correct.  

6 0
4 years ago
The evidence of debt and personal promise to repay that debt is called
xz_007 [3.2K]
This evidence will be called 'Note'
6 0
3 years ago
A polisher costs $10,000 and will cost $20,000 a year to operate and maintain.If the discount rate is 10% and the polisher will
BlackZzzverrR [31]

Answer: $22637.98

Explanation:

Based on the information given in the question, the equivalent annual cost of the tool will be calculated as:

We first calculate the present value which will be:

= 10000 + 20000/(1+.10) + 20000/(1+.10)^2 + 20000/(1+.10)^3 + 20000/(1+.10)^4 + 20000/(1+.10)^5

= $85815.74

The the equivalent annual cost will be:

= Present Value/PVIFA(10%,5)

= 85815.74/3.7908

= $22637.98

7 0
3 years ago
on april 1, a company takes on an 18-month job and receives a $10,000 advance that is recorded in revenue. if no adjusting entry
Scilla [17]

if no adjusting entry is made at year-end, the financial statements will be affected:

Net - income: will be overstated

Assets: will be overstated

<h3>What are Financial statements?</h3>
  • The financial actions and position of a company, individual, or other entity are formally recorded in financial statements (also known as financial reports).
  • The presentation of pertinent financial data is organized and presented in an understandable style.
  • The purpose of financial statements is to give information about an organization's financial situation, performance, and changes in financial position that may be used by a variety of users to make financial decisions.
  • Financial statements must be clear, pertinent, dependable, and similar.
  • The financial condition of an organization is directly tied to the reported assets, liabilities, equity, income, and expenses.

To learn more about financial statements, refer to:

brainly.com/question/14951563

#SPJ4

7 0
1 year ago
Other questions:
  • Dell computers would like to increase sales of their pdas. upper management has decided that they need to improve their position
    5·1 answer
  • In preparing its bank reconciliation for the month of April 2020, Henke, Inc. has the following information available. Balance p
    7·1 answer
  • In order for tqm to be successful, it is essential that most of the organization be _________.
    9·1 answer
  • When a periodic inventory system is​ used, ________. A. the process for closing the Income Summary account differs from the proc
    11·1 answer
  • After getting a raise at work, Jennie now regularly buys steak instead of hamburger. Based on this behavior, we can assume: Mult
    15·1 answer
  • Sky High Company has two​ departments, X and Y. The following estimates are for the coming​ year: X Y Direct manufacturing labor
    15·1 answer
  • New York has an annual payroll of $ 140 comma 000. In​ addition, the company incurs payroll tax expense of 7​% of the annual pay
    11·2 answers
  • During the current period, Department A finished and transferred 50,000 units to Department B. Of the 50,000 units, 20,000 were
    6·1 answer
  • The most common approach to developing pro forma financial statements is called the cash budget method. financial planning metho
    11·1 answer
  • Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!