The court would rule in sue's favor because courts seldom inquire into the adequacy of consideration.
In contracts, <em>consideration </em>just means the <em>exchange of things of value</em>. There has to be an exchange of things of value for there to be an enforceable contract, and in this case a watch was exchanged for money. It is rare for courts to rule on how much consideration is expected because people are generally free to set their own prices and not sell if the price is too low. That is not for a court to decide (in most cases).
<span>It is called as Agency. This is the job of agency to collect the taxes on behalf of country. These agencies serve as the responsible unit of the state which helps with the intake of the government revenue through taxes and sometimes other than just taxes. Not just tax collection they also deal with tax evasion and audits.</span>
Answer:
Depreciation: $4,000.00
Variable costs : $914.81
Explanation:
The value of the car when new = $19,860.00
Values after two years =$11,860.00
Accumulated depreciation for two years
= $19,860.00 - $11,860.00
=$8,000.00
Assuming straight depreciation method, depreciation each of the two years
=$8,000.00/2
=$4,000.00
Variable costs are the cost that changes with usages. In this case, variable costs are gas and oil, lube, and miscellaneous.
Variable costs = $845.96 + $68.85
Variable costs = $914.81
Answer:
Explanation:
- Let the demand equation be P = X + YQ
- at P = $24, Q = 11000units
- 24 = X + 11000Y.............equation 1
Substitute the value of X in equation 1
- hence demand equation ; P = X + YQ , P =61 - 0.00336Q
Similarly, let the supply equation be P = Z + wQ
- at P = $24, Q = 11000units
- 24 = Z + 11000w....................equation 2
- from equation P = Z + wQ, 3 = Z
Substitute the value of Z in equation 2
- 24 = Z + 11000w, but Z = 3
- hence the supply equation becomes, P = 3 + 0.00191w
