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aalyn [17]
3 years ago
10

A(n) __________ contract is a contract in which one or both parties has the ability to either withdraw from or enforce the contr

act.
Business
2 answers:
Lera25 [3.4K]3 years ago
8 0

Answer:

Voidable Contract

Explanation:

Voidable Contract

This is a type of contract or legal agreement in which any of the parties involved or the both parties may chose to render it unenforceable for a given number of reasons. This type us different from a void contract in that, it is a valid contract which may either be affirmed or rejected by both or either parties.

Some reasons that may lead to the withdrawal of the contract are misinterpretation, coercion and fraud etc.

It is a valid contract that can be declared invalid. It is different from VOID as earlier pointed out as a void contract cannot be enforced by either party. Examples of voidable contract are found in real estate contract, lawyer contract and so on.

Oksanka [162]3 years ago
6 0

Answer:

voidable contract

Explanation:

A voidable contract is a contract that is considered valid until it is voided by one of the parties involved. The main difference with a void contract, is that a void contract is never a valid contract.

For example, I purchase a PS4 from my nephew who is a minor and I sell it to my neighbor, and my neighbor purchased it on good faith. My nephew can decide to void the contract because he was a minor, but since I passed good title to my neighbor while the contract was valid, my neighbor doesn't have to return the PS4.

On the other hand, if I had stolen the PS4, I would never have good title over it, and I sell it to my neighbor. The rightful owner of the PS4 can claim it back and my neighbor must return it because the contract was void since I never had good title on the PS4.

A voidable contact can be voided for a number of reasons, but unless sit is voided it remains as a good contract, and all transaction carried out while the contract is good are considered valid and good transactions.

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Tempest Enterprises began operations on January 1, 20x1, with all of its activities conducted from a single facility. The compan
Ray Of Light [21]

Answer:

100% will be included in the Income Statement

Explanation:

Always remember that the depreciation calculated for the accounting period can be apportioned as per the International Accounting Standard IAS 2, which says that expenses must be classified in a manner that results in the truth & fairness of the Financial Statements. This means that if depreciation calculated is $500 then the whole of this depreciation will be expensed out in the income statement. It's 20% might go to selling activities, 35% to administrative activities, and 45% to manufacturing activities.

<h3><em>B</em><em>ut remember that the depreciation calculated for the accounting period would be expensed out by $500 in the income statement, for the period generated.</em></h3>
3 0
3 years ago
How does communication aids to trade​
Alexus [3.1K]

Answer:

Aids to trade communication

<u><em>Aids to trade includes Transport, Communication, Warehousing, Banking, Insurance, Advertising, Salesmanship, Mercantile agents.</em></u>

Trade promotion organizations in a country and Global organizations for international trade. These important auxiliaries ensure a smooth flow of goods from producers to the consumers.

Hope this helpssss :)

7 0
3 years ago
. Underwater Experimental is considering a project which requires the purchase of $498,000 of fixed assets. The net present valu
GarryVolchara [31]

Answer:

$13.25

Explanation:

The computation of the new book value per share is as follows

current market price per share is

= market value ÷  number of shares outstanding

= $936,000 ÷ 60,000

= 15.6

Now

number of shares to be issued is

= cost of the machine ÷current market price per share

= $498,000 ÷ $15.60

= 31923.07692

Now

The new book value per share is

= (current book value + amount raised from the issuance of shares ) ÷ ( current number of shares + number of shares issued for machinery purchase

= ($720,000 + $498,000 ) ÷ ( 60,000 + 31923.08 )

= $13.25

3 0
3 years ago
Timmons corporation purchases office supplies for $350 cash. how would this transaction be recorded?
andrezito [222]

Timmons Corporation purchases office supplies for $350 cash. Debit Supplies $350, credit Cash $350.

A legal entity is an organization (usually a group of people or a legal entity) authorized by the State to act as a single entity and legally recognized as such for a specific purpose. Early incorporated entities were established by charter. Most jurisdictions now allow the formation of new companies through registration.

A corporation is a business entity owned by shareholders who elect a board of directors to oversee the activities of the organization. A company is responsible for its actions and finances, but its shareholders are not.

Learn more about Corporation here:brainly.com/question/13551671
#SPJ4

5 0
1 year ago
The Wood Division of Bramble Corp. manufactures rubber moldings and sells them externally for $45. Its variable cost is $25 per
Lyrx [107]

Answer:

c. $45

Explanation:

Transfer price is the price charged for a product which is transferred to other department/ division / subsidiary of same company / group. The minimum selling price in the absence of any excess capacity is the price available in the market, because the company has demand for the product and it does not lost the sale if transfer not takes place. The product can be sold in the market. So the Transfer price should be $45.

4 0
3 years ago
Read 2 more answers
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