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NemiM [27]
3 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]3 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

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11. If you were a new investor who wanted to invest in stock, would you prefer to invest in registered public stock, or unregist
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I would rather invest in an unregistered private stock cause it private an not know to other people
8 0
3 years ago
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Concord Corporation planned to use 1 yard of plastic per unit budgeted at $91 a yard. However, the plastic actually cost $90 per
Greeley [361]

Answer:

Total Material Variance = $10,060 Unfavorable

Explanation:

Provided Information,

Standard budgeted unit of raw material = 1 yard

Standard price per unit = $91.00

Actual price per yard = $91.00

Actual units produced = 4,600

Actual yards of plastic used = 4,660 yards

Standard yards for actual production = 4,600 \times 1 yard = 4,600

Total Material Variance = Standard Cost for actual output - Actual Cost

Standard Cost = 4,600 \times $90 = $414,000

Actual Cost = 4,660 \times $91 = $424,060

Total Material Variance = $414,000 - $424,060 = - $10,060

Since value is negative as actual cost is more than budgeted, the variance is unfavorable.

Final Answer

Total Material Variance = $10,060 Unfavorable

8 0
3 years ago
What are negative effects of importing goods
kotykmax [81]
There are several negative effects..It is usually more  expensive, it will also reduce GDP .ect
5 0
3 years ago
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When Paul arrived at work in the morning, he promised his co-workers that he would buy dinner for all of them that evening. He m
patriot [66]

Answer: No, Paul has not breached a contract.

Explanation: To answer this, we must first we must define what a contract is.

A contract is an agreement between two or more people that is legally binding, and which guides or governs the actions or conducts of the parties involved.

A quality that makes a contract legally binding is that it is enforceable by law.

In the scenario given in the question above, Paul has not breached any contract because there isn't one. The promise to buy dinner has not been legally bound, therefore, it is not enforceable by law, in essence, it is not qualified to be called a contract.

8 0
3 years ago
Suppose that real GDP is currently ​$13.55 trillion and potential real GDP is​ $14.0 trillion, or a gap of ​$500500 billion. The
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Answer:

$100 billion

Explanation:

Real GDP is currently = ​$13.55 trillion

Potential real GDP =​ $14.0 trillion

Gap = ​$500 billion

Government purchases multiplier = 5.0

Tax multiplier = 4.0

To increase aggregate demand by $500 billion, the required increase in government expenditure is:

= (1 ÷ government purchases multiplier) × change in aggregate demand

= (1 ÷ 5) × $500

= $100 billion

Therefore, the government expenditure need to be increased by $100 billion.

6 0
3 years ago
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