Answer:
Yvonne would have to return the necklace to Rolanda
Explanation:
Yvonne would have to return the necklace to Rolanda after she survived the surgery because it was a gift causa mortis, a gift given in contemplation of impending death. Because Rolanda did not die, Rolanda is entitled to have the necklace returned to her.
Answer:
The City of Willows
Reconciliation Entries:
Debit Cash $500
Credit Deferred Revenue $500
To record the increase of deferred revenue.
Debit Compensated Absences Expense $150
Credit Compensated Absences Liability $150
To record the increase of compensated absences.
Explanation:
a) Data and Calculations:
Beginning balances:
Deferred Revenue = $3,500
Compensated Absences Liability = $1,000
Increases during the year:
Deferred Revenue = $500
Compensated Absences = $150
Reconciliation Entries:
Cash will increase by $500 and Deferred Revenue will increase by $500
Expenses will increase by $150 and Compensated Absences (Liability) will increase by $150.
Answer:
The contract is discharged because of True Impossibility
Explanation:
The situation in which the performing of the contract becomes impossible for a party to contract because of the change in situation which made it impossible for the party to contract to perform the contract. In such situation, the party is allowed to breach the contract.
In the given scenario, due to the death of the employee's death, the employer can breach the contract because Baldrick after death can not perform the serice (Dead people don't perform contracts). So performing of the conrtract is impossible here and Cozette is not liable for paying the rest amount of salary for the after death period.
Answer:
Answer is C
Explanation:
He will not be eligible for any disability income because his disability ended before the elimination period ended.