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8090 [49]
3 years ago
6

A seller accepted money from a buyer for his unrestricted right to cancel the purchase transaction (option to terminate) within

ten days of the executed date of the sales contract. This agreement is___________.
Business
1 answer:
atroni [7]3 years ago
7 0

Answer:

It is a Unilateral Contract.

Explanation:

A unilateral contract is when one of the parties in a contract reserves the right to cancel the transaction. The cancellation is usually based on performance, and when expectations are not met the contract can be terminated.

In this case the buyer has the unilateral right to cancel the transaction within 10 days if he is not satisfied.

Bilateral contract on the other hand involves two parties making promises to meet their respective obligations.

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Does anyone know this?
vladimir1956 [14]

Answer: I believe is the Ap program or Ap exam is that one of the answer choices? im not sure

Explanation: I was in the Advanced placement course myself and in order to obtain college credit hours we where required to pass the Ap exam with a 3 to recieve credit. please let me know if its correct

3 0
4 years ago
Anne is comparing savings accounts. One account has an interest rate of 1.2 percent compounded yearly, and one account has an in
dexar [7]

Answer:

the account that earns 1.2 percent compounded monthly

Explanation:

We are talking about how many money will be earned in interested, which means that the higher percentage in a shorter period of time will earn a higher amount of money.

6 0
4 years ago
Suppose Winston's annual salary as an accountant is $60,000, and his financial assets generate $4,000 per year in interest. One
Snezhnost [94]

Answer:

Winston took a very good decision.

Explanation:

If Winston is making economic profit then the decision is good

Economic profit=Total revenue-implicit cost - explicit costs

where,

implicit cost= opportunity cost of best alternative  and explicit cost is accounting costs

=150000-(60000+4000)-8000

=78.000

The economic profit is positive, a good indicator that Winston took a good decision.

7 0
3 years ago
Brown Company paid $40 in cash dividends.
Mice21 [21]

Answer:

Debited, left and credited, right

Explanation:

The journal entry is shown below:

Dividend A/c Dr $40

             To Cash A/c $40

(Being dividend is paid in cash)

As we see that cash is paid that means cash would be credited and it is shown on the right hand side of the T account whereas the dividend is debited that is shown in the left hand side of the T account

7 0
3 years ago
which of the following is not one of the career clusters? A Health Science B Education and Training C Finance D unskilled Occupa
sukhopar [10]

D. Unskilled Occupations

This is not a career cluster, as the others are.

3 0
3 years ago
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