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PtichkaEL [24]
3 years ago
12

Adele decides to purchase several silver tea sets from Vaughn's gift store. In their sales contract, Adele and Vaughn do not spe

cify how many silver tea sets Adele will purchase. They now have: a. a valid contract with an open price term. b. a valid output contract. c. a valid contract with an open delivery term.
Business
1 answer:
Veronika [31]3 years ago
5 0

Answer:

a. no contract at all

Explanation:

While a contract can be either written or verbal, the vast majority of contracts never get written down or accepted with a signature. Instead, accepting a contract is usually done by exchanging money for a product or service, like purchasing something from a store. But, when it comes to complex contracts that involve multiple terms and conditions, it’s best to get the agreement in writing. For instance, if you’re creating a Service Agreement, you must have all the basic elements of validity in place so you can successfully resolve any disputes that arise. Without a valid contract, you won’t be able to enforce any of its terms (such as receiving reimbursement for work-related expenses or retaining ownership of your intellectual property). If a court or tribunal rules a contract void, it means the contract has no force or effect, so neither party is bound by it and neither party can rely on it . In this case the contract is void and that means there no contract at all .

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sveta [45]

Answer:

The answer is: letter c, a recycling program

Explanation:

A "free-rider" problem happens when <em>some members in the society don't contribute an equal share in the cost of a shared resource. </em>

Among the choices above, the recycling program will give rise to such situation. For example, when it comes to a recycling program of making a school's wall out of recycled bottles (in order to protect it from outsiders), not everyone will join the program yet, most of the time, the program is done for the good of the society. In this case, for the good of the school and the people visiting it.

This results to many free riders taking advantage of the school's wall, including the people who visits the school (parents, babysitters, friends, guardians etc.) and loiters in the area to pass time while waiting for their kids or friends

3 0
3 years ago
A company paid Jen Rogers, its sole stockholder, a total of $25,000 in dividends during the current year. The entry needed to cl
sergiy2304 [10]

Debit Income Summary and credit Dividends for $25,000.

Answer: Option 5.

<u>Explanation:</u>

The balancing account of the company or an organisation is where the entries of the company are made and recorded so that at then end of the year the financial position of the company becomes clear to the stake holders of the company.

It is a double entry book keeping record where single entry is made on two sides of the book, the debit side and the credit side. This makes the book in balance for every entry. Entry on the debit and the credit side is made with the same amount to maintain the balance.

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3 years ago
Merger and acquisition strategies
aniked [119]

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solniwko [45]

Answer:

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Explanation:

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If the process is highly automated, then the second best allocation base would be machine hours, but that isn't an option either.

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