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NemiM [27]
4 years ago
14

Which of the following is false regarding the statute of frauds? a. It relates to fraudulent contracts. b. It does not address i

llegal contracts. c. It does not exist at the federal level. d. The statute requires that certain contracts be in writing. e. Some states have statutes of frauds created by judicial decision rather than legislation.
Business
1 answer:
Tema [17]4 years ago
5 0

Answer:

a. It relates to fraudulent contracts

Explanation:

The statue of frauds refers to the contract which have legal existence and should be in writing so that the parties to the contract should be bounded to the contract and fulfill their conditions mentioned in the question

It purpose is to detect

It mainly uses for MY LEGS which means that

M - Marriage, Y -Year, L - Land, E -   Executor, G -Guarantor, and S -Sale

The conditions are as follows

1. It should be in writing

2. Simple to understand

3. Agreed price and lawful consideration

4. Signature of parties to the contract

so according to the given situation, the first option is correct

You might be interested in
You are considering an investment in a clothes distributer. The company needs $ 102 comma 000 today and expects to repay you $ 1
larisa86 [58]

Answer:

You Should invest

Explanation:

Let the IRR be x.

Now , Present Value of Cash Outflows=Present Value of Cash Inflows

103,000 =130,000/(1.0x)

Or x= 26.214%

Hence the IRR of this investment opportunity is 26.2% (approx)

Cost of Capital = 12%

The IRR rule says that one must accept. This is because the IRR is greater than the cost of capital.

Hence the correct answer is : should invest

4 0
3 years ago
You are offered a chance to buy an asset for $200,500 that is expected to produce cash flows of $100,000 at the end of Year 1, $
Lapatulllka [165]

Answer:

What rate of return (IRR) would you earn if you bought this asset?

8,48%

Explanation:

To find the IRR it's necessary to know which is the discount rate that applied to the cash flow of the assets gives a value that compensate the investment of $200,500.

Year 1   $100.000  / (1+0,0848)^1    =  $92.182    

Year 2   $100.000  / (1+0,0848)^2  =  $35.690  

Year 3   $100.000  / (1+0,0848)^3  =   $41.398  

Year 4   $100.000  / (1+0,0848)^4  =   $31.230  

Total Present Value of Cash  Flow=

$92.182  + $35.690 + $41.398 + $31.230 =  $200,500

There is no way to find the IRR without Excel, the only way is to try with different rates in the current cash flow formula.

3 0
3 years ago
g In order to increase the responsiveness of a forecast made using the moving average technique, the number of data points in th
solniwko [45]

In order to increase the responsiveness of a forecast made using the moving average technique, the number of data points in the average should be: A. decreased

<h3>What is a Forecast?</h3>

This refers to the prediction about a particular thing that is to occur in the future based on available data or inference.

Hence, we can see that based on the use of the moving average technique when increasing the responsiveness of a forecast, there must be a decrease in the average of the data points because fewer data points result in more responsive moving averages.

Read more about moving average techniques here:

brainly.com/question/15188858

#SPJ1

6 0
2 years ago
If Alex deposits $1,000 from her paycheck into her checking account and, at the same time, increases her credit card balance by
Marina86 [1]

Answer:

option (A) -$500; decreases by $500

Explanation:

Data provided in the question:

Amount deposited = $1,000

Increase in credit card balance = $1,500

Now,

Deposit adds to assets whereas increase in credit card balances adds to liabilities

Therefore,

Savings = Deposits - Increase in credit card balances

= $1,000 - $1,500

= - $500

Here,

negative sign depicts the decrease in wealth

Hence,

The correct answer is option (A) -$500; decreases by $500

8 0
3 years ago
What are the steps an Involver follows for planning
Alex17521 [72]

Answer:

Explanation:

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Question

What are the steps an Involver follows for planning

6 0
3 years ago
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