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kotegsom [21]
3 years ago
11

Don contracts with mark to paint his house for $5,000 by the end of april. if the terms of their contract are clear and unambigu

ous, but a dispute arises, a court may not consider extrinsic evidence —any evidence not contained in the contract itself—when interpreting the document. this is known as
Business
1 answer:
Sveta_85 [38]3 years ago
7 0

The Plain Meaning Rule.

The plain meaning rule states that when the language is unambiguous and clear, you must use the actual language of the contract and not any outside evidence when determining how the dispute is resolved.

You might be interested in
The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance a
Sauron [17]

Answer:

a. No journal entry required.

Explanation:

a. No journal entry required.

b. No journal entry required.

c. DR - Rent Expense -  $20

  CR - Cash - $20

d. Cash (DR) 7,955

  DR - Collection expense - $45

  CR - Notes Receivable - $8,000

e. DR - Accounts Receivable-E. Shaw - $ 805

   CR - Cash - $805

f. DR - Misc Expenses - $25

  CR - Cash - $25  

g. No journal entry required.

i. No journal entry required.

5 0
3 years ago
Read 2 more answers
Why are people with savings hurt by inflation?
oksian1 [2.3K]

Answer:

B) The money they saved in the past is worth less in the future

Explanation:

7 0
3 years ago
A lot of estimates go into the final calculation to determine market size, and each component needs to be as precise as possible
natulia [17]

True, A  lot of estimates go into the final calculation to determine market size, and each component needs to be as precise as possible. Otherwise, the errors in the estimation get compounded.

What does market size actually mean?

  • The total number of prospective customers for a good or service inside a certain market, along with the potential revenue from those sales, make up the "market size."
  • For a number of reasons, it's critical to determine and comprehend market size.

What is an example of market size?

  • For instance, a shoe company might find 100,000 people who are interested in its product, but data on income and accessibility reveals that only half of them have the resources to make a purchase.
  • The market that is open in that situation has 50,000 potential customers.

Learn more about market size

brainly.com/question/15062891

#SPJ4

3 0
1 year ago
If a tax is imposed on a market with inelastic demand and elastic supply, then:
Natali5045456 [20]

Answer:

Buyers will bear most of the burden of the tax

Explanation:

Hope it helps

6 0
3 years ago
Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual inventory system.
Zanzabum

Answer:

Campus Stop, Inc.

Partial Income Statement

Sales revenue                              $323,300

Sales returns                                    ($1,730)

Sales discounts and allowances <u>  ($2,270)</u>

Net sales                                       $319,300

Cost of goods sold                      <u>($172,870)</u>

Gross profit                                   $146,430

Gross profit margin = $146,430 / $319,300 = 45.86%

8 0
3 years ago
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