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yan [13]
3 years ago
5

McElroy owned 104 acres worth about $230,000. Mired in financial difficulties, he approached Grisham, asking to borrow $100,000.

Grisham refused, but ultimately the two reached this agreement: McElroy would sell Grisham his property for $80,000, and the contract would include a clause allowing McElroy to repurchase the land within 2 years for $120,000. In most states, this contract would likely be:
A. Void because the rate of interest is usurious.

B. Enforceable because the parties were free to negotiate the terms of the contract.

C. Void for reasons of public policy.

D. Void because the agreement is unconscionable
Business
1 answer:
Vikki [24]3 years ago
4 0

Answer: B. Enforceable because the parties were free to negotiate the terms of the contract.

Explanation:

The contract is Enforceable because both parties went into the contract with full mind and body and set and agreed to terms.

The terms were neither unconscionable not were the rates usurious.

The Agreement was not against public policy either.

This means that the agreement is Enforceable in most states in the country.

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Phillip is a senior journalist at a news agency. He goes on a temporary leave for six months and travels around different parts
Gelneren [198K]

Answer:

Sabbatical

Explanation:

a period of paid leave granted to a university teacher or other worker for study or travel, traditionally one year for every seven years worked.

8 0
3 years ago
What does the phrase "hearing the voice of the consumer" mean?
otez555 [7]

A. Companies have the information they need to effectively satisfy wants and needs in the marketplace.

Basically, "hearing the voice of the consumer" means taking the information that they have about what people want and actually putting the preferences of the consumer first.

4 0
3 years ago
Which statement is false? A. A monopoly sells lower-quality products at higher prices than in a perfect competition. B. Natural
NeX [460]

Answer:

The correct answer would be option E, Homogeneous products leave consumers with no choice, which means this statement is False.

Explanation:

Homogeneous products leave consumers with no choice is the False statement, because homogeneous products are the products which cannot be differentiated or distinguished from each other. They have almost exact physical characteristics and properties. People cannot differentiate the products of different suppliers.

So homogeneous products have a lot of substitutes, people have a vast choice range for such products. For example if you go for grocery, you can find different apples coming through different suppliers from different countries, and you are clearly not able to differentiate between them, yet you have a vast range of choice to select from the apples you like.

4 0
3 years ago
Of the following, which does NOT represent an example of a traditional workplace document?
stira [4]
A . an  evite which is more for social advents and not work .
4 0
3 years ago
A bank must maintain an average daily balance at the Fed of $600. In the first 2 days of the maintenance period, they maintain a
Norma-Jean [14]

Answer:

Balance with Fed on last day to be $ 800

Explanation:

Computation of balance on last day of maintenance period

Balance maintained   $ 450 for 2 days                                 $   900

                                    $ 700 for 3 days                                 $ 2,100

                                    $  650 for 2 days                                $ 1,300                                    

                                    $ 450 for 3 days                                 $ 1,350

                                    $ 650 for 3 days                                 <u>$ 1.950</u>

Average of balances maintained

                                                    13 days                                $ 7,600

Average balance maintenance required for 13 + last day)

$ 600 * (13 + 1) 14 days                                                            $ 8,400

so the balance with the Fed on the last day has to be

$ 8,400 - $ 7,600                                                                 $ 800                                

4 0
3 years ago
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