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CaHeK987 [17]
3 years ago
9

Assume that Jack, Hal, and Sophia enter into a written contract for the sale of the restaurant, including the building and all o

f its contents. Jack orally tells Hal and Sophia that he wants to keep a certain a mounted fish that is hanging on the wall of the restaurant. The contract contains an integration clause. Jack later goes to get the fish, but Hal and Sophia claim that it was part of the sale. Jack sues. What is the likely result?A. Jack cannot bring in the evidence of the oral agreement because of the parol evidence rule.
B. Jack will automatically win the case based on the parol evidence rule.
C. Jack could likely rescind the entire contract if Hal and Sophia do not turn over the fish.
D. Jack can bring in the evidence of the oral agreement because of the parol evidence rule.
Business
1 answer:
Fynjy0 [20]3 years ago
6 0

Answer:

A. Jack cannot bring in the evidence of the oral agreement because of the Parol Evidence Rule.

Explanation:

The Parol Evidence rule is a rule in the Anglo-American common law that governs or determines the types or kinds of evidence that parties to a contract dispute can introduce when trying to determine the specific terms of a contract.

The rule also prevents introduction of further evidences by a party after a final written document or agreement has been reached. Things such as the content of oral discussions from earlier in the negotiation process, as evidence of a different intent as to the terms of the contract. The rule states that "extrinsic evidence is inadmissible to vary a written contract". The term " patrol" refers to "word of mouth" hence it is referred to oral pleadings in a court case.

Therefore from the question, Jack cannot bring in evidence of oral agreement into the court for evaluation because of Patrol Evidence Rule.

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Which best describes an opportunity cost?
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Opportunity cost is concept used in economics. It denotes the benefit of something that must be given up to acquire or achieve something else. Because of this opportunity cost is used in the decision-making process. The following best describes an opportunity cost: decision giving up an opportunity to do something else when making an . Correct answer: B

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3 years ago
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If the American company Stryker builds and operates a new factory in France, a. it engages in foreign direct investment. By itse
Iteru [2.4K]

Answer:

(D) - It engages in Foreign Direct Investment, which by itself raises US net capital outflow

Explanation:

Foreign Direct Investments (FDIs) are investments in physical assets, infrastructures, etc and other long-term assets made in a foreign country. They differ from Foreign Portfolio Investments (FPIs) which are investments in stocks, bonds, treasury securities and other listed securities which can be sold easily in financial markets. For instance, when a US-based corporation invests in the stocks or bonds of a French company, this is FPI. Whereas, when the US-based corporation establishes a company in France by investing as plants and machinery, this is FDI.

FDIs requires cash commitment for investing in the foreign nation. However, because the assets created as a result of these investments are owned by the originating country, it increases the volume of assets the country has abroad leading to an increase in net capital outflow. Net Capital Outflow is the volume of capital investment made by a nation in other countries, less the capital investment made by other countries into the nation.

Therefore, when Stryker builds and operate a new factory in France, it engages in Foreign Direct Investment. By itself this action raises US net capital outflow.

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4 years ago
Innove Tech is a technological firm that wants to build a global service delivery system. It has consulted a larger firm, Ziff C
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(C) Acquisition cost

Explanation:

The correct word for the given statement is acquisition cost

So option (c) is correct option

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Evergreen Corporation manufactures circuit boards and is in the process of preparing next year's budget. The pro forma income st
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Answer:

Operating Profit for next year will be $432,500

Explanation:

Particulars                      Current Year                      Next Year

Sales                                $3,500,000                      $3,500,000 X 95%

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Less: Costs

Material                             $500,000                      $500,000 X 110%

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Labor                                $250,000                      $250,000 X 110%

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Overhead                          $275,000                      $275,000 X 110%

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Fixed OH                           $600,000                      $600,000 + $45,000

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Gross Profit                       $1,875,000                          $1,552,500

Less:

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