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RSB [31]
3 years ago
11

Ryan sends Michael a letter of intent for the purchase of a tract of land. The letter of intent outlines the purchase price, the

legal description, and the financing terms. A paragraph is included that states that the letter of intent is a non-binding agreement, and is an offer to enter into negotiations.
Business
1 answer:
Sedaia [141]3 years ago
7 0

Answer:

B) The letter of intent is an invitation to negotiate, which is not an offer.

Explanation:

A letter of intent is simply an invitation to negotiate any type of transaction, sales or lease. The amounts included in the letter can serve as a basis for the negotiating or bargaining process, but they are not fixed and even Ryan can change them. This is similar to an ad in a newspaper that offers something for sale. Until the bargaining process is over and both parties agree on the consideration exchange and other terms, it is just a notice without any legal value.

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Your company manufactures riding lawn mowers.One of your customers,Marie,writes a claim,demanding a compensation for her faulty
Alekssandra [29.7K]

Answer: D) As stated in our contract,we are liable to pay compensation only when our personnel repair the equipment

Explanation:

Based on the information given in the question, the best way to phrase the refusal of Marie's claim for adjustment is that "As stated in our contract, we are liable to pay compensation only when our personnel repair the equipment".

Since a service executive in the company discovers that the mower was dismantled by someone, then Marie's claim for adjustment can be refused since it wasn't dismantled by someone from the company.

4 0
3 years ago
Jasmine started a new business in the current year. She incurred $18,000 of start-up costs. How much of the start-up costs can b
liq [111]

Answer:

$5,000

Explanation:

According to the Internal Revenue Service, the amount of deduction for startup costs would be limited to $5,000 if the startup costs are $50,000 or less

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Since in the given scenario, the $18,000 is the startup cost so she is eligible for the deduction of $5,000

5 0
4 years ago
1.) Lowering the discount rate can promote full employment because _______.
Shalnov [3]
1) Lowering the discount rate can promote full employment because companies are more likely to expand and hire more workers. The answer is the third statement. 2) The circumstance that usually accompanies a period of economic expansion is high inflation. The answer is the second phrase.
3 0
3 years ago
________ is the practice of taking a significant activity within the organization and contracting that activity out to an indepe
wlad13 [49]
Outsourcing is the practice of taking significant activity with in organization and contracting it to an independent party.
6 0
3 years ago
Select the correct answer. Which of these is not considered for deduction of federal income tax? A. interest earned from state b
tankabanditka [31]

Answer:

The correct answer is (a)

Explanation:

According to the federal laws earnings from awards or prizes, earning from commission and income form bonus or tips are not exempted from the federal income tax. Likewise, interest earned from state bonds is exempted from federal income tax. IRS the internal revenue service interest in government or federal obligations are not considered for deduction of federal income tax.

6 0
3 years ago
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