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
jeka94
3 years ago
10

Kay, an art collector, promised Hammer, an art student, that if Hammer could obtain certain rare artifacts within 2 weeks, Kay w

ould pay for Hammer’s postgraduate education. At considerable effort and expense, Hammer obtained the specified artifacts within the 2-week period. When Hammer requested payment, Kay refused. Kay claimed that there was no consideration for the promise. Hammer would prevail against Kay based on:_______.
A. Unilateral contract.
B. Unjust enrichment.
C. Public policy.
D. Quasi contract.
Business
1 answer:
IRINA_888 [86]3 years ago
5 0

Answer:

Hammer would prevail against Kay based on:_______.

A. Unilateral contract.

Explanation:

A unilateral contract is a contract created by an offer that can only be accepted by performance. To form the contract, the party making the offer (called the “offeror”) makes a promise in exchange for the act of performance by the other party.

in relation to the case in the contract, Hammer had carried out the duties expected of him thus making the contract valid under a unilateral contract.  

since in a unilateral contract, the offer can only be accepted when the other party completely performs the requested action.

Hence  Hammer would prevail against Kay based on Unilateral contract.

You might be interested in
Which is an example of a high-risk investment?
vladimir1956 [14]
The answer is A stock in a start-up company
6 0
3 years ago
Read 2 more answers
Which of the following is a process by which investment bankers purchase new securities directly from the issuing company and re
sattari [20]

Answer:

B) Underwriting. 

Explanation:

6 0
3 years ago
E
KonstantinChe [14]

Answer:

c is correct on

Explanation:

6 0
2 years ago
Read 2 more answers
The cost to manufacture one unit of Rinker Audio Products' bestselling hearing aid, the Magnifier, is $87.50. The CFO of the com
padilas [110]

Answer:

d. economies of scale

Explanation:

Based on the information provided within the question it can be said that this concept is known as an economy of scale. Like mentioned in the question this concept states that as a company scales their operation, the cost of each input unit decreases as their output or production increases, Thus granting the company a cost advantage. As is happening in this scenario.

4 0
3 years ago
Practice Makes Perfect Inc. was started on July 1 of the current year. Practice Makes Perfect provides piano lessons for student
Natalka [10]

Answer:

I used an excel spreadsheet to record this transactions on an accounting equation.  

Practice Makes Perfect, Inc.

Income Statement

For the month ended July 31, 202x

Revenues                                               $2,000

Expenses:

  • Advertising expense $500
  • Rent expense $1,000
  • Wages expense $1,000
  • Supplies expense $300
  • Depreciation expense $750
  • Interest expense $417                 <u> ($3,967)</u>

Net income                                             ($1,967)

Practice Makes Perfect, Inc.

Balance Sheet

For the month ended July 31, 202x

Assets:

  • Cash $99,783
  • Accounts receivables $1,800
  • Supplies $1,700
  • Pianos $47,250

Total assets                                         $150,533

Liabilities:

  • Accounts payable $2,500
  • Notes payable $50,000

Total liabilities                                      $52,500

Stockholders' equity

  • Common stock $100,000
  • Retained earnings ($1,967)

Total stockholders' equity                  $98,033

Total liabilities + equity                      $150,533        

Download pdf
6 0
3 years ago
Other questions:
  • A permanent decline in the market value of an asset is called
    7·1 answer
  • A type of check that has a bank's guarantee of payment is a
    12·2 answers
  • A buyer took out a $6,000 loan for 10 years at 10.5% interest. The buyer made principal payments of $75 a month on the loan in a
    13·1 answer
  • Skysong, Inc. wrote checks totaling $31510 during October and $34410 during November. $29960 of these checks cleared the bank in
    9·1 answer
  • Kelly tells Matthew that she will sell him one of her motorcycles at some time in the future. Matthew eagerly accepts. Do they h
    13·1 answer
  • Reep Construction recently won a contract for the excavation and site preparation of a new rest area on the Pennsylvania Turnpik
    9·1 answer
  • Will’s Whitewater Rafting sold 3 acres of land used in the business. The sales price was $6,000 and the adjusted basis of the la
    6·1 answer
  • s has decided that he wants to build enough retirement wealth that, if invested at 7 percent per year, will provide him with $3,
    8·1 answer
  • Taxi is a cab service company. Every vehicle used by the company has a wireless active tracking system installed in it, which al
    15·1 answer
  • When a company issues 39,000 shares of $3 par value common stock for $30 per share, the journal entry for this issuance would in
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!