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77julia77 [94]
3 years ago
7

Marketing Solutions Inc. promises to employ Niki as a software engineer. In reliance on the promise, Nikiquits her job with Onli

ne Ad Company, but Marketing Solutions does not hire her. Most likely, Marketing Solutions is
A) liable to Niki under the concept of rescission and new contract.
B) liable to Niki under the doctrine of promissory estoppel.
C) liable to Niki under the preexisting duty rule.
D) not liable to Niki
Business
1 answer:
Simora [160]3 years ago
7 0

Answer:

B) liable to Niki under the doctrine of promissory estoppel.

Explanation:

In contract law, promissory estoppel refers to a theory that when you make a reasonable promise but later you decide to back down, the other party may sue you in order to force you to fulfill your promise.

This theory has been upheld by the Supreme Court in Cohen v. Cowles Media Co. 501 US 663 (1991). So a reasonable promise will have the same binding effect as a contract.

You might be interested in
Book Values versus Market Values In preparing a balance sheet, why do you think standard accounting practice focuses on historic
Pachacha [2.7K]

Answer:

Historical costs is objectively and precisely measured, whereas market values can be difficult to estimate, and different analysts would come up with different

values.

Explanation:

In preparing a balance sheet it is customary for a company to value the assets and other items based on historical costs rather than market values.

For example if an asset is purchased at $20,000, this value will reflect in the balance sheet in subsequent years. Or future calculation will be based on this.

Let's say yearly depreciation is $1,000 then after on year the value will be $19,000, after two years $18,000 and so on.

This is more object than market value which varies at any one time.

Market value for an item will vary depending on location and the market.

6 0
3 years ago
A manufacturing company has budgeted production at 5,000 units for May and 4,400 units in June. Each unit requires 3 pounds of m
mario62 [17]

Answer:

$201,700

Explanation:

The budget production for May is 5000 units.

The total materials required for May will be no. of units multiplied by materials needed for each unit

=5000 x 3

=15000 pounds of materials

Materials required for June

=60% of (4400x 3)

= 60/100 x 13200

=7920 pounds of material

Total materials needed for May

= 15,000+7,920

=22,920 pounds

Purchases required will be

=22,920 - 2,750

=20170

Purchases in dollar value =20170 x $10

=$201,700

5 0
3 years ago
Read 2 more answers
Assume you can earn 9 % per year on your investments. a. If you invest $ 100 comma 000 for retirement at age​ 30, how much will
alekssr [168]

Answer:

(a) future value = $2041396.79

(b) future value = $862308.06

(c) financially suggest to invest early so that here amount  fetch maximum returns

Explanation:

given data

rate = 9%

solution

when we invest = $100,000

time t = 35 year

so we get here future value FV

FV = Present value × (1+r)^{t}  ...................1

FV = $100,000 × (1+0.09)^{35}  

FV = $2041396.79

and

when time will be 25 year

future value will be

FV =  Present value × (1+r)^{t} .................2

Fv = $100,000 × (1+0.09)^{25}

FV = $862308.06

and

we can see difference is large because of the compounding effect

so  the financially suggest to invest early so that here amount  fetch maximum returns

6 0
4 years ago
John and Jean are married and decide to open three separate accounts for their money. What is the most likely reason for their d
DedPeter [7]

Answer:

B. John and Jean are part of a dual-income family

7 0
3 years ago
Read 2 more answers
Who is responsible for making the workplace free of harassment and discrimination?
MArishka [77]

Answer:

The employer

Explanation:

because use they are replaceable for their employees to be treated well and equally.

5 0
2 years ago
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