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MakcuM [25]
4 years ago
5

Ferris owns an apartment in an apartment complex. The apartment-complex rules require the owner of each apartment to maintain it

in reasonable condition. Failure to do so is grounds for action against the owner by the apartment complex or a tenant. Erica rents Ferris's apartment. During her first year of renting, many appliances in the apartment break, and there are repeated incidents of leaking through the roof. Ferris does nothing to fix the apartment. Erica sues Ferris, who claims he has no contractual duty to Erica. A court will likely find that:_____________.
a. Erica is a donee beneficiary, so Ferris does have a contractual obligation to her.
b. Erica is a contractual beneficiary, so Ferris does have a contractual obligation to her.
c. Erica is an incidental beneficiary, so Ferris does have a contractual obligation to her.
d. Erica is a creditor beneficiary, so Ferris does have a contractual obligation to her.
Business
1 answer:
lara31 [8.8K]4 years ago
3 0

Answer:

Correct option is (d)

Explanation:

Creditor beneficiary is a party who is entitled to enjoy the benefits of the contract that has been put in place. They are not actively involved in the contract but are entitled to receive the benefit of contract executed by the promisor.

In this case, Erica is a third party creditor beneficiary for whom Ferris is legally obligated to perform his duties as the rules require owner to maintain the apartment which Ferris failed to oblige. So, Ferris breached contractual obligation to her.

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Answer:

C. Purchase of treasury stock

Explanation:

The purchase of treasury stock results in a change in the stockholder's equity and as such is recognized as a financing activity in the statement of cash flows.

For the other options, amortization expense is a non-cash item and is adjusted for in the net cash flows from operating activities.

Collection of notes receivable is a change in current assets hence it is reported under net cash flows from operating activities.

Sale of equipment is reported under net cash flows from investing activities.

Hence the right option is C. Purchase of treasury stock.

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Although the Fed has very strong influence over the money supply, it does not have complete control a.Because the Fed has no ide
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Answer: b. Because of unpredictable changes in the public's desire to hold cash or borrow and banks' desires to hold reserves or lend.

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The Fed is able to embark on monetary policy that influences the entire country - and the world to some extent - because they have very strong influence over the money supply of the US$.

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They can't force banks either to either hold reserves or lend money out because banks are free to impose their own reserve limits on top of those of the Fed.

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3 years ago
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By employing such an organizational structure, Century Motors most likely set up a <u>Matrix Organization. </u>

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The actions of Century Motors are in line with a Matrix Organization in that people from multiple functions were incorporated into the team and the team will disband when the project is done.

We can therefore conclude that this is a matrix organization.

<em>Find out more at brainly.com/question/7437866.</em>

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The answer to your question would be : Hello ! :)

After a long thought process regarding this question, I concluded that this would be the only acceptable response.

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