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
OleMash [197]
3 years ago
7

For the doctrine of promissory estoppel to​ apply, which of the following is NOT a required​ element? A. the promisor should hav

e reasonably expected to induce the promisee to rely on the promise B. the promisor made a promise C. there was an​ offer, acceptance, and consideration D. the promisee actually relied on the promise and engaged in an action or forbearance of a right of a definite and substantial nature E. injustice would be caused if the promise were not enforced
Business
1 answer:
erik [133]3 years ago
3 0

Answer:

C) there was an​ offer, acceptance, and consideration

Explanation:

The doctrine of promissory estoppel requires that the following 5 elements must exist:

  1. The parties must anticipate that some type of legal relationship will exist between them.
  2. One party must have made a promise to another party.
  3. One party must rely on the promise made by the other party.  
  4. The party that relied on the promise made by the other party must suffer a detriment if the promise is not fulfilled.
  5. Unconscionability , in other words, there is nothing that forbids the party from performing the promise.
You might be interested in
As the manager of Margarita Mexican Restaurant, you must deal with a variety of business transactions. Provide an explanation fo
nalin [4]

Answer:

Explanation:

The explanation of the following transactions is given

a. Debit Equipment and credit Cash.  

In this transaction, the equipment is purchased for cash so the equipment account is debited and the cash account is credited.

b. Debit Dividends and credit Cash.  

In this transaction, the dividend is paid for cash so the dividend account is debited and the cash account is credited.

c. Debit Wages Payable and credit Cash.  

In this transaction, the Accrued wages are paid for cash so the wages payable account is debited and cash account is credited.

d. Debit Equipment and credit Common Stock  

In this transaction, the equipment is purchased for exchange of the common stock so the equipment account is debited and common stock is credited.

e. Debit Cash and credit Unearned Revenue  

In this transaction, the cash is received for service rendered in the future so the cash account is debited and Unearned Revenue is credited.

f. Debit Advertising Expense and credit Cash  

In this transaction, the advertising expense is paid for cash so the advertising expense account is debited and cash is credited.

g. Debit Cash and credit Service Revenue.

In this transaction, the cash is received for service performed so the cash account is debited and service Revenue is credited.

5 0
3 years ago
Which two questions are good questions to ask in an informational interview?
PtichkaEL [24]
When your doing an interview never ask how much money do you make that will make them think that your there just for the money and not the job
6 0
3 years ago
Read 2 more answers
Eunice buys a worm farm. She plans to sell a small carton of worms to people who want to fish for $3. Her fixed costs are $1,201
Evgesh-ka [11]

Answer:

C. 534  units

Explanation:

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

= (Fixed cost) ÷ (Contribution margin per unit)  

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit  

= $3 - $0.75

= $2.25

So, the break-even point would be

= $1,201 ÷ $2.25 per unit

= 534 units

Simply we divide the fixed cost by the contribution margin per unit so that the accurate units can come.

3 0
3 years ago
hotel in Florida has instituted a policy to hire individuals living in close proximity to the hotel premises to reduce instances
Nady [450]

Answer:

Disparate impact.

Explanation:

Types of Discrimination :

-DisparateTreatment. Defendant discriminates overtly against all members of protected class.

-Disparate Impact. Defendant’s apparently non-discriminatory practices result in disproportionately heavy impact on protected class.

Disparate Impact characteristics:

-Indirect discrimination

-Unequal consequences or results

-Decision rules with racial / sexual consequences

-Unintentional discrimination

-Neutral, color-blind actions

-Same standards, but different consequences for different groups

3 0
3 years ago
Trinkle Co., Inc. made several purchases of long-term assets in Year 1. The details of each purchase are presented here.
Orlov [11]

Answer:

New Office Equipment $42,863

Basket Purchase Of Copier, Computer, Scanner $61,500

Land For New Warehouse $310,050

Explanation:

Calculation to determine the amount of cost to be capitalized in the asset accounts

NEW OFFICE EQUIPMENT

Amount of cost to be capitalised in the asset accounts = $41,900*0.98+$860+$510+$431

Amount of cost to be capitalised in the asset accounts =$41,062+$860+$510+$431

Amount of cost to be capitalised in the asset accounts =$42,863

BASKET PURCHASE OF COPIER, COMPUTER AND SCANNER

Amount of cost to be capitalised in the asset accounts = $22,755 + $6,765 + $31,980

Amount of cost to be capitalised in the asset accounts= $61,500

LAND FOR NEW WAREHOUSE with an old building torn down

Amount of cost to be capitalised in the asset accounts = $82,400 + $4,750 - $1,800 + $7,700 + $217,000

Amount of cost to be capitalised in the asset accounts = $310,050

Therefore The Amount of cost to be capitalised in the asset accounts are:

New Office Equipment $42,863

Basket Purchase Of Copier, Computer, Scanner $61,500

Land For New Warehouse $310,050

5 0
3 years ago
Other questions:
  • _________ memos state policies or procedures the writer wishes the reader to follow.
    9·1 answer
  • Taylor wants to create a budget to track her expenses and identify ways she can reduce spending. What tools could she use?
    12·2 answers
  • EA5.
    14·1 answer
  • Which of the following is an authorization from the local government to carry on an enterprise?
    6·1 answer
  • Record the necessary entries in the Journal Entry Worksheet below
    6·1 answer
  • Brainliest + points<br><br> What is bond investment?
    6·1 answer
  • You plan to go to school this summer. If you​ do, you​ won't be able to take your usual summer job that pays ​$4 comma 000 for t
    15·1 answer
  • What are 3 disadvantages of going to trade/vocational schools after high school?
    13·1 answer
  • An Intermediate license is available to drivers between the ages of _______
    5·1 answer
  • A company has $1,500,000 in current assets and $500,000 in current liabilities. The company's current inventory level is $250,00
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!