1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elza [17]
3 years ago
7

Lila tells her friend Joanne that she will give her $10,000 toward the purchase of a new car. Lila later changes her mind, and J

oanne tells her that she will sue to enforce the contract. A court would likely find that this agreement is:_______. a) un-enforceable because there is not bargained-for exchange.
b) enforceable because lila made a promise to joanne, which is the same as a contract.
c) un-enforceable becasue their agreement was not in writing.
d) enforceable because the 10,000 is the consideration for the agreement.
Business
2 answers:
vivado [14]3 years ago
6 0

Answer:

"A" option is correct

Explanation:

In this case, the other party didn't agreed to the exchange of any commodity. Its one sided, which is not enforceable by law. Also for these 10,000 Joanne is exchanging nothing.

It would be enforceable if Lila wanted to give 10,000 to Joanne in exchange of some commodity or product. With out exchange from other party its not enforceable.  

Marat540 [252]3 years ago
5 0

Answer:

A) un-enforceable because there is not bargained-for exchange.

Explanation:

One of the requisites for constituting a contract is that all the parties involved (in this case Lila and Joanne) must engage in a bargained-for exchange. This means that each party must make a promise or performance in exchange for some performance provided by the other party. In this case, only Lila provided a promise but Joanne didn't provide any.

This can be considered an offer but since Lila cancelled the offer before Joanne accepted it, there is nothing to be enforced.

You might be interested in
Which economic indicator measures inactivity rather than activity ?
Reil [10]
B, unemployment rate.
5 0
3 years ago
Assume the economy is on aggregate demand AD1. The Fed should attempt to raise investment by enough to shift aggregate demand fr
maw [93]

Answer:

AD2 and then to AD3

Explanation:

If the investment is continued to increase by federal reserve it would only be feasible when money creation decreases the interest rate.

The aggregate demand would then be expanded and the aggregate demand curve shifted to the right. The necessary increase in aggregate demand must be such that aggregate shifts in demand curve from AD1 to AD2 to AD3.

3 0
3 years ago
When we do not get to know someone because we do not have to see that person in order to do our business, we often do not take i
torisob [31]

Answer:

Explanation:

This is a challenge posed by the facelessness that results from the use of new technology accessible in the workplace. This applies to any form of business that is either done completely autonomous or is done in an online format. Such a type of store is an E-commerce store, since all of the sales on this platform are done online, there is no face-to-face contact between the store owner/employees and the customers. Therefore, the store owners can make decisions thinking it is best for the store, but cannot fully understand the complete effect that it will have on the customers.

3 0
3 years ago
At the beginning of the year, Grillo Industries bought three used machines from Freeman Incorporated. The machines immediately w
notka56 [123]

Answer:

the cost of machine for A, B and C is $12,500, $47,400 and $30,800 respectively

Explanation:

The computation of the cost of the machine is given below:

For Machine A

= $10,800 + $950 + $750

= $12,500

For Machine B

= $40,000 + $3,900 + $3,500

= $47,400

And, for machine C

= $23,800 + $3,000 + $4,000

= $30,800

Hence, the cost of machine for A, B and C is $12,500, $47,400 and $30,800 respectively

6 0
3 years ago
Your business has two branch stores. The recent physical inventory reports that the merchandise value for each store is: Store A
miv72 [106K]

Answer: Shrinkage for Store A ($40,890), Store B ($28,370)

Given:

Merchandise Value of Stores A and B

<span>A1 $454,385, and  B1 $586,855</span>

Book Value of Stores

<span>A2 $495,275, and  B2 $615,225</span>

Shrinkage<span> refers to the loss of inventory from whatever source.   </span>

Shrinkage for each store is computed as:

Book Value – Merchandise Value

Shrinkage for Store A

A2-A1

495,275-454,385

$40,890

 

Shrinkage for Store B

B2-B1

615,225-586,855

<span>$28,370</span>

6 0
3 years ago
Other questions:
  • Kirk Furniture factors $800000 of receivables to Sulu Factors, Inc. Sulu Factors assesses a 4% service charge on the amount of r
    8·1 answer
  • Holders of common stock receive certain benefits, such as a residual claim, which is the
    10·1 answer
  • Select all that apply.
    10·2 answers
  • The price of ice cream increases. In 1 or 2 sentences, explain how and why this affects the quantity of ice cream cones demanded
    11·2 answers
  • An employee wore disposable gloves to form raw ground beef into patties. When she finished, she kept the gloves on while she sli
    11·1 answer
  • To provide better service for their customers, America Online purchased office space in India for their online customer service
    10·1 answer
  • Two firms, A and B, each currently dump 50 tons of chemicals into the local river. The government has decided to reduce the poll
    7·2 answers
  • The risk-free rate is 6% and the expected rate of return on the market portfolio is 13%. a. Calculate the required rate of retur
    12·1 answer
  • Suzanne, Kyle, and Monique have been arguing for days over how they are going to divide up the responsibilities for their group
    9·1 answer
  • A generation ago, ketchup was an essential element of every American pantry and salsa was a relatively unknown product. The popu
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!