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laila [671]
4 years ago
5

Steel Mill Inc. makes an offer to Tom to enter into a contract to work as a mechanical engineer for a certain salary for one yea

r subject to a five-year renewal based on his performance. Tom accepts the offer. This is a valid contract because it includes __________.
a. a duration and a termination.
b. a price and a subject.
c. specific quality standards.
d. an offer and an acceptance.
Business
1 answer:
KIM [24]4 years ago
4 0

Answer:

d. an offer and an acceptance.

Explanation:

A contract exists where each involved party agrees to fulfill its obligations as per the terms of the agreement. The two or more parties involved are in consensus regarding the subject matter.  A contract valid and in force, once the offeror makes the offer, and the offeree accepts it.  

Steel and mike are in are contract. Mike has accepted the offer by steel. Other elements that must be present for a contract to be valid are the existence of consideration, mutual obligations, and the ability to fulfill one's responsibility.

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Marco and Fred enter into a contract for the sale of Marco's apartment for which Fred agrees to pay him $100,000. Marco cannot p
VLD [36.1K]

Answer:

The correct answer is the option A: unconscionable

Explanation:

To begin with, the reason why such prohibition from Marco to Fred is unconscionable is due to the fact that Marco already stated in a private contract that he agreed to sell the apartment to Fred by a certain price, therefore establishing that the property of the real estate now belongs to the other party, letting everyone else external to the contract know that the proper and new owner is Fred.

Secondly, it is understandable that now that Fred is the new owner of the apartment by contract then it is unfair and unreasonable that the old owner Marco prohibits him to do what he wants with the apartment.

5 0
4 years ago
The number of customers who dine at Eat and Den, a restaurant, varies during weekdays and weekends. On days when customer traffi
Ipatiy [6.2K]

<u>Answer:</u>

<em>(d) Perishability  is the reason for Eat and Den's loss of revenue</em>

<em></em>

<u>Explanation:</u>

Perishability is utilized in marketing to show how capacity service cannot be put away available to be purchased later on. It is a fundamental idea of service showcasing.

One of the urgent variables/issues looked by advertisers is the perishability factor in services showcasing. Administrations have Zero Inventory! When sold, they stand sold and can't be returned. Subsequently, a few times in the administration's business, the maxim "Early introduction is the last impression" really holds genuine.  Similarly, in Eat and Den, the eatable goods are all perishable and cannot be reused the next day hence the restaurant incurs significant loss.

7 0
4 years ago
In a contract, each party has what?
vivado [14]

The answer to your question is D

6 0
3 years ago
Read 2 more answers
The ______________ of estimating bad debts expense involves a detailed listing of each customer's outstanding account and its le
Vedmedyk [2.9K]

Answer:

Aging of accounts receivable method.

Explanation:

Accounts receivable are the payments owed to a business by its customers. Bad debt occurs when there is uncertainty that an account receivable will be recovered.

The accounts receivable aging method is used to classify debts based on on the length of time past due.

Classifications such as are based on length of time past due and when to time past due is too long it will be considered to be a loss.

Lengths of time used include: 1-30 days past due, 31-60 days past due, 61-90 days past due, 91-120 days past due, and greater than 120 days past due.

6 0
3 years ago
Paying higher wages encourages workers to be more productive. Higher wages cause workers to shirk more of their responsibilities
bixtya [17]

Answer:

The answer is "Choice First and third"

Explanation:

Please find the complete question in the attached file.

The higher wages will improve the productivity of workers in various ways, that are salary with the number of workers exceeds the cost of labor, in the fewer countries. It can be associated with both the poor diet and over-market wages in these environments can enable the workers of the company to remain fit and efficient. The fewer employees may decide to seek other employment opportunities when a business pays salaries just above the current market price. This elimination of employee sales will minimize company training costs because new employees need to be trained.

3 0
3 years ago
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