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Mumz [18]
3 years ago
11

Jennifer has offered to sell her laptop computer for $750 to Jack. She tells Jack that the computer is only six months old but,

in fact, it is three years old, and Jennifer wants to unload the lemon. Jack agrees to buy the computer based on Jennifer's representations. This contract is _________.
a. a void agreement because of the fraud involved.b. a voidable contract, one that Jack can void.c. a voidable contract, because it is unilateral.d. a void contract because of the UCC.
Business
1 answer:
Debora [2.8K]3 years ago
4 0

Answer:

B) a voidable contract, one that Jack can void.

Explanation:

A voidable contract is valid until one of the parts decides to void it. In this case, if Jack decides to purchase Jennifer's computer and later discovers that she lied about how old it was, he can void the contract and return the computer to get his money back.

What Jennifer is doing is basically lying about the material facts of the product that they are bargaining and it represents a valid reason for voiding the contract.

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Policies related to setting interest rates, control of currency supply, and the buying/selling of treasury bonds are referred co
Zolol [24]

Policies related to setting interest rates, management of money supply, and the buying/selling of treasury bonds are referred collectively as <u>Monetary policy</u>

Monetary policy is primarily involved with the management of interest rates and the total pool of money in circulation and is generally taken out by central banks, such as the U.S. Federal Reserve.

<h3>What is monetary policy and fiscal policy?</h3>

Monetary policy refers to central bank activities that are headed toward influencing the amount of money and credit in an economy. By contrast, fiscal policy guides to the government's decisions about tax and spending. Both monetary and fiscal policies are used to control economic activity over time

To learn more about Monetary policy, refer

brainly.com/question/13926715

#SPJ4

8 0
2 years ago
The accounting records of Brownwood Company revealed the following information: Work in process inventory, Jan 1 58,000 Work in
ivanzaharov [21]

Answer:

$721,000 is correct

Explanation:

Cost of goods sold =754000 + 125000 -158000

=721,000

8 0
3 years ago
On January 1, Year 1. a company issues $100.000 of 8% bonds maturing in 10 years when the market rate of interest is 9%. The bon
Margarita [4]

Answer:

b) The company will incur a loss

Explanation:

The market rate at the time of issue = 9%, while coupon rate = 8%, it says bonds provide lesser return when compared to the market rate.  

At end of year 2 market rate drops to 6% which is lower than the Bond's coupon rate. Which means the bond's providing high return when compared to the market. So, company to retire the bonds need to pay more than the par value.

As company should retire these bonds more than par value, the company incur a loss.

Option 'B is correct

The company incur a loss

5 0
3 years ago
Darden Restaurants is expected to pay annual dividends of $1.90 and $2.10 over the next two years,respectively. After that, the
Ainat [17]

Answer:

$13.89

Explanation:

The computation of the value of stock is shown below:

Year Dividend Present value factor at 16% Present value  

1         $1.90                0.862                               $1.64

2        $2.10                 0.743                               $1.56

3        $2.30

Price $14.375             0.743                               $10.68

The price is computed below:

= $2.30 ÷ 16% = $14.375

Total present value $13.89

The present value factor is computed below:

= 1 ÷ (1 + rate) ^ years

For Year 1 = 1 ÷ 1.16^1 = 0.862

For Year 2 = 1 ÷ 1.16^2 = 0.743

7 0
3 years ago
Mcdonald's sells tacos for breakfast in arizona because its marketers have identified a _____ segment.
Gwar [14]
Identified a Geographic segment
4 0
3 years ago
Read 2 more answers
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