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Andrej [43]
3 years ago
15

Garth owns two all-terrain vehicles (ATVs), worth $1,000 and $500, respectively. Helen agrees to buy "Garth’s ATV" for $750. Gar

th believes, in good faith, that he is selling the $500 ATV. Helen believes, in good faith, that she is buying the $1,000 ATV. In this situation
Business
1 answer:
Jobisdone [24]3 years ago
5 0

Answer:

There is no contract since both Helen and Garth made a mutual mistake.

In contract law, a mutual mistake occurs when all the parties involved (Helen and Garth) are mistaken about important material facts that affect the contract (which ATV is being sold). The parties intend to perform but what they consider being part of the contract is not what the other party considers part of the contract. When both parties make a mutual mistake, the contract is cancelled.

Mutual mistakes are not on purpose, they are mistakes committed in good faith.

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The services market sells diverse services such as legal advice, auto repair, and dry cleaning. Along with finance, insurance, r
omeli [17]

Answer:

Service Firms is the correct answer.

Explanation:

8 0
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At a large business, employees must report to work at 7:30 A.M. The arrival times of employees forms approximately a bell-curve
bazaltina [42]

Explanation:

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4 0
4 years ago
which of these factors limits the usefulness of the world wide web as a source of information for research consumers
rodikova [14]

There is little quality control over the information on many websites, These factors limit the usefulness of the world wide web as a source of information for research consumers. Option C

This is further explained below.

<h3>Which of these factors limits the usefulness of the world wide web as a source of information for research consumers</h3>

Generally, Market researchers often conduct consumer surveys to learn more about consumers' preferences, interests, and shopping habits.

In conclusion, Internet research is hindered by the fact that content on many websites is not subject to quality assurance measures. Choice (C)

Read more about research

brainly.com/question/18723483

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CQ

Which of these factors limits the usefulness of the World Wide Web as a source of information for research consumers?

a. Downloading from the Web can be a slow process.

b. Nontext capabilities reduce the professionalism of presentations.

c. There is little quality control over the information on many websites.

d. Much of the available information is too technical to be understood by the casual reader.

7 0
1 year ago
Khalil Hamid Ali borrowed $12,000 and paid $1,890 in exact interest when the loan came due 11 to 2 years later. What rate of int
MatroZZZ [7]

The rate of interest that Khalil Hamid Ali paid for borrowing $12,000 and paying $1,890 as interest expense for 1.5 years is <em>10.5%.</em>

Data and Calculations:

Amount borrowed = $12,000

Interest paid = $1,890

Time period = 1.5 years

Rate of interest = 10.5% ($1,890/$12,000 x 1/1.5)

Thus, the rate of interest that Khalil Hamid Ali paid for borrowing $12,000 and paying $1,890 as interest expense for 1.5 years is <em>10.5%.</em>

Learn more about rate of interest here: brainly.com/question/25545513

8 0
2 years ago
Assume that you are on the financial staff of Vanderheiden Inc., and you have collected the following data: The yield on the com
spin [16.1K]

Answer: 7.48%

Explanation:

Weighted Average Cost of capital is simply the weighted average of the costs of equity and debt.

Cost of Equity

= \frac{Next dividend}{Stock Price ( 1 - flotation Costs)} + growth rate

= \frac{0.65}{19(1 -0.1)} + 0.06

= 9.80%

Cost of debt

= Interest ( 1 - Tax)

= 0.075 (1 - 0.40)

= 4.65%

WACC = 9.80% * 0.55 + 4.65% * 0.45

= 7.48%

6 0
3 years ago
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