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
navik [9.2K]
3 years ago
15

Peggy offers to sell Shelby a purebred Scottish terrier puppy for $800. Shelby and Peggy do not discuss the dog's ancestry, but

Shelby believes that the dog came from champion lines and agrees to the price. Shelby later discovers that the puppy is worth only $200. Can Shelby rescind the contract based on her mistake? a. No, because Shelby made a mistake about the dog's value, not a mistake about a material fact. b. Yes, because Shelby had a duty to investigate. c. Probably so, because Shelby made a mistake about an immaterial fact. d. Yes, because the dog was clearly not worth $800.
Business
1 answer:
ladessa [460]3 years ago
6 0

Answer:

a. No, because Shelby made a mistake about the dog's value, not a mistake about a material fact.

Explanation:

Peggy made an offer to sell the dog for $800, they didn't discuss the dog's ancestry and Shelby wrongly assumed the dog was from champion lines and agreed to buy the dog for $800.

Based on further investigations, she discovered the dog was worth just $200.

She cannot rescind the contract because she wrongly assumed the dog's value not an error about à material fact. Peggy sold the dog at her own rates and Shelby bought the dog while wrongly assuming the value, so she cannot cancel the contract based on that.

You might be interested in
Pauline Found​ Manufacturing, Inc., is moving to kanbans to support its telephone​ switching-board assembly lines. Determine the
Debora [2.8K]

Answer:

Kanban container size = 73

Number of kanbans needed = 5

Explanation:

Kanban container size (Q):

Q = SQRT [(2 x D x S) / H x (1 - d/p)]

where,

D = Annual demand  

S = Setup cost

H = Holding cost

d = Daily usage

p = Daily production

Putting the given values in the above formula,

CONTAINER SIZE = SQRT ((2 * ANNUAL DEMAND * SETUP COST) / (HOLDING COST * (1 - (DAILY USAGE / DAILY PRODUCTION))))

Q = SQRT [(2 x 4,000 x $30) / $125 x (1 - 16/25)]

Kanbans container size = 73 units  (Rounding off to the nearest whole number)

NUMBER OF KANBANS = DEMAND DURING LEAD TIME + SAFETY STOCK / SIZE OF CONTAINER

K = ((16 * 16) + (4 * 25) / 73 = 5

4 0
3 years ago
Big data helps companies treat customers as individuals. this is called
otez555 [7]
Big data helps companies treat customers as individuals, this is called marketing strategy, it a very powerful tool that shows the taste and need of possible customers and helps companies design specific campains in order to get directly on priorities of people, using big data tool you could  offer to people just what they need.   
7 0
3 years ago
Wilson is viewed by his boss as driven, tenacious, and conscientious in the pursuit of his goals. these characteristics fit with
zepelin [54]

These are examples of <u>work-related</u> characteristics

3 0
3 years ago
(Deferred Tax Asset with and without valuation Account) Jennifer Capriati Corp. has a deferred tax asset account with a balance
valina [46]

Answer:

a. Income Tax Expense (Dr.) $298,000

Deferred Tax (Dr.) $30,000

Income Tax Payable (Cr.) $328,000

Explanation:

b. Income Tax expense (Dr.) $30,000

Allowance to reduce deferred tax value to NRV (Cr.) $30,000

Income tax payable is calculated based on tax rate of 40%.

$820,000 * 40% = $382,000

8 0
2 years ago
Use the information below to answer questions 4-7. Drake Company's income statement for the most recent year appears below:
Colt1911 [192]

Answer:

(A) $731,250

Explanation:

The formula to compute the break-even point in sales dollars is shown below:

= (Fixed expenses or Fixed cost) ÷ (Contribution ratio)

where,

Contribution ratio = Contribution margin ÷ sales

                             = $208,000 ÷ $650,000

                             = 0.32 or 32%

And, the fixed expense is $234,000

Now put the values to the above formula

So, the value would equal to

= $234,000 ÷ 32%

= $731,250

6 0
3 years ago
Other questions:
  • Acme Supply Co. has a new project that will require the company to borrow $3,000,000. Acme has made an agreement with three lend
    9·1 answer
  • According to the classical dichotomy, when the money supply doubles, which of the following also doubles?
    7·1 answer
  • Barter is the exchange of goods and services for goods and services without the use of money. any exchange, with or without the
    6·2 answers
  • Imagine that you have saved $1,000. You would like to do something with the money so that, in a few years, you have a down payme
    7·1 answer
  • The Baldwin company will sell 100 units (x1000) of capacity from their Buddy product line. Each unit of capacity is worth $6 plu
    8·1 answer
  • Skaredykat Inc. is considering initial expansion beyond its home market. The firm has decided not to enter markets that differ g
    13·1 answer
  • Timothy uses a decision-making style characterized by low tolerance for ambiguity and a rational way of thinking. He typically m
    9·1 answer
  • Hill Corporation issued $2,100,000 of 8% bonds at 98 on January 2, 2019. Interest is paid semiannually on June 30 and December 3
    7·1 answer
  • Based on what you have read, Paul has the absolute advantage in the production of. Has the comparative advantage in producing sh
    5·1 answer
  • A convertible bond would let the investor exchange it for:____.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!