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
spin [16.1K]
3 years ago
11

When would a court consider the adequacy of consideration? Select one: A. To verify that a sale of assets was not done to avoid

payment to creditors. B. When one party has promised forbearance as consideration. C. To verify that one party gave a promise in return for the act of another party. D. To verify that each party gave a valid promise to the other party. E. To verify that property was sold at its fair market value.
Business
1 answer:
solong [7]3 years ago
4 0

Answer:

E. To verify that property was sold at its fair market value

Explanation:

Adequacy of consideration is an aspect of law that says a lawful agreement is made when the buyer of a good or service gives a fair price for offerings made by the seller.

The fair price may however come in different forms - property, a promise to perform an action, an act, or money.

For example if a person offers to sell a car at $3,000 and the buyer accepts this price, the agreement is said to have adequate consideration.

If a court determines that a contract does not meet fair market price of goods and services sold, it can nullify the contract

You might be interested in
McQuilkin and Copan adopt different positions toward capitalism and socialism. Which author is more favorable to free market cap
Nimfa-mama [501]

Answer:

Paul Copan

Explanation:

Dr. Robertson McQuilkin can be considered a very biblical man, and as such, would always favor socialism more than free market capitalism. His phrase "Capitalism is for freedom, socialism is for equality" and the fact that he believed in a strict following of the Bible, you make him a more socialist person.

Dr. Paul Copan is also a very religious man, but his views are less extreme than Dr. McQuilkin's. He is more pragmatic and argues in favor of religion from a more neutral or agnostic point of view. He even argues that religious beliefs and economics are not mutually exclusive.

8 0
3 years ago
Charles wants to start a décor business and takes a loan of $35,000 from the bank to set up the business. Once the business is u
miv72 [106K]

Answer:

Sole Proprietorship

Explanation:

Charles is planning to start a sole proprietorship business. It is the most common form of business ownership.

This is the form of business owned, managed and operated by a single individual. Here, there is no distinction between the business and the owner. The owner of the business will have total control of all the profits incurred in the business and solely be responsible for all losses incurred as well.

5 0
3 years ago
When the economy is at full​ employment, A. the unemployment rate is greater than zero. B. all remaining unemployment is either
Andrej [43]

Answer:

D. All of the above.

Explanation:

Full employment describes an economic situation where every able and willing worker is employed. It represents a situation where the highest possibles numbers of unskilled and skilled people are in employment. In practice, full employment is when the economy attains the optimal levels of unemployment.

At full employment, the unemployment rate will be above zero percent. The reason is that the economy will always have as frictional unemployment. Frictional unemployment is the time it takes for an individual to find their ideal job. Structural and frictional unemployment contribute about 2 to 3 percent of unemployment in the economy. Economists thus consider a 3  percent unemployment as full employment.

3 0
3 years ago
Are leadership and management the same thing?
Fiesta28 [93]
No I think that in order to be a management you have to be a leader. If your a manager then your leading your employees if your not a leader you can’t properly do the manager job.
8 0
3 years ago
"mary and bob are trying to decide how much auto insurance to buy". they share the same expectations of an accident, with the sa
Alexxx [7]
THEY WANT a divorice
6 0
4 years ago
Other questions:
  • According to _____, location-specific advantages are of considerable importance in explaining both the rationale for and the dir
    5·1 answer
  • Determining Financial Statement Effects of Write-Offs and Bad Debt Expense Using the Allowance Method
    8·2 answers
  • This allows individuals to own their creativity and innovation in a way similar to owning physical property.
    7·1 answer
  • Workman Software has 8.8 percent coupon bonds on the market with 19 years to maturity. The bonds make semiannual payments and cu
    5·1 answer
  • A project’s critical path is composed of activities A (variance .33), B (variance .67), C (variance .33), and D (variance .17).
    8·1 answer
  • Herb Company manufactured more product than it was able to sell during the current year. If the salaries of the sales staff of H
    13·1 answer
  • For a manufacturing company, selling price for an item is $472.00 per Unit, Variable cost is $235.00 per Unit, rent is $7,880.00
    13·1 answer
  • An organization that provides services or goods to consumers and needs to make a profit is a Response area.
    10·1 answer
  • Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted
    15·1 answer
  • Rupesh wants to buy a new BMW priced at $54,000. He makes a down payment of 20% of the original price. He also trades-in his old
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!