Answer:
mutual mistake
Explanation:
A mutual mistake happens when all the parties involved in a contract (two or more) are mistaken or do not know the correct information about some specific material fact that is relevant to the contract. In this case, the contract can be rescinded because Harry believes that Ryan wants to buy his Cadillac, while Ryan believes Harry is selling his Porsche.
Since both of them are mistaken and do not know relevant material facts regarding the contract, the contract can be terminated.
Answer:
B)Perpetual inventory systems require more detailed inventory records.
Explanation:
Under the <em><u>Perpetual inventory system</u></em>, every time a good is sold the cost of goods sold (COGS) needs to be determined. That is the reason the details are so important.
Many times it varies because different units in inventory were purchased at different prices and times. <em>Inflation </em>might be a factor the prices changes too.
However, in the <u><em>Periodic inventory system</em></u>, (COGS) is determined at the end of the accounting period, so the person in charge of keeping the records usually checks the <em>Inventory</em> account at the end of the year to know COGS.
In the <u>Resource Allocation</u> stage of selecting information technology projects, organizations select information technology projects.
Explanation:
The first step of a planning process to align the information technology strategic plan to the organization's overall strategic plan
The<u> project planning stage</u> refers to that stage of project planning which involves , selecting information technology projects, organizations and defining the scope of the project , benefits, and constraints of the same
The <u>business area analysis</u> stage of information technology planning outlines business processes that are central/important in achieving strategic goals and helps determine which ones could most benefit from information technology.
So,it is in the <u>Resource Allocation</u> stage of selecting information technology projects, organizations select information technology projects.
