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3 years ago

Certain contracts, such as those involving the sale of personal property for $500 or more:_______.

Business

1 answer:

djverab [1.8K]3 years ago

8 0

Answer:

B. Must be written to be enforceable

Explanation:

In the United state, sale of personal property for $500 or more must be written to be enforceable. These kind of contracts are said to be within the statute of fraud.

These types of contracts are called Sales contracts which is an agreement between the buyer and seller. For the amount of money involved, a written contract provides security and peace to the mind of all those involved in the contract, hence why deals above $500 must be written to be enforceable.

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The cpi is a measure of the overall cost of the goods and services bought by __________. a a typical consumer, and the cpi is co

REY [17]

<span>The CPI is a measure of the overall cost of the goods and services bought by a typical consumer, and the CPI is computed and reported by the Bureau of Labor Statistics. The CPI stands for Consumer Price Index. The consumer price index will measure the weighted average pricing of what a basket of goods or services is priced at. They then calculate and average these prices to see what the price will change to overtime and how consumers will react to the market change in price. </span>

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3 years ago

You purchase one IBM July 120 put contract for a premium of $3. You hold the option until the expiration date when IBM stock sel

ZanzabumX [31]

Answer:

Loss on putting for long time = $300 (Loss )

Explanation:

Given:

Strike price = $120

Stock price = $123

Premium amount = $3 per share

Realize on investment = ?

Computation of realizing on investment:

Given that strike price is lower than the stock price, So premium paid considers as a loss.

Loss on putting for long time = $3 × 100

Loss on putting for long time = $300 (Loss )

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3 years ago

2. What are the main costs associated with higher education? Why might the financial burden of college actually be economically

julsineya [31]

The major expenses or costs that are associated with higher education are tuition and fees, books and suppliers, room and board, personal expenses, and transportation.

<h3>What do you mean by costs?</h3>

Costs refer to the price paid for acquiring, producing, or maintaining something.

The major costs associated with education are books and suppliers, tuition and fees, room and board, and transportation.

Growing demand, rising financial aid, and exploding costs of administrators are the reasons that led to the increase in college costs.

The financial burden of college will be worthwhile having higher lifetime earnings, indirect financial benefits jobs, etc.

Learn more about Costs here:

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2 years ago

An offer is made to sell a house, and the offeree has deposited an acceptance letter in the mailbox, but it has not been receive

mash [69]

Answer:

False

Explanation:

As the contract was formed when the offeree has deposited acceptance letter in the mailbox, hence the offeror is bond to sell the house.

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3 years ago

When a firm declares bankruptcy, Group of answer choices the claims of preferred shareholders are honored before those of the co

Sedaia [141]

Answer:

the maximum that shareholders can lose is their original investment in the firm's stock AND the claims of preferred shareholders are honored before those of the common shareholders.

Explanation:

Bankruptcy may be defined as the legal proceedings that involves a person or a business where the person or the business firm is not able to repay the debts that are outstanding. When a firm or a person files a bankruptcy, there is an automatic stay put by the court that blocks the debts.

In case of bankruptcy the different shareholders of the firm losses a maximum of their original investment that they have done in the firm while purchasing the stocks. And also the claims of the preferred shareholders are being honored first than those of common shareholders.

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3 years ago