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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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Oscar and Julia can both produce either bananas or coffee. Oscar can produce either 16 pounds of coffee and 0 pounds of bananas
Aneli [31]

Answer:

d)The opportunity cost of 1 lb. of coffee is 4 lbs. of bananas for Oscar.

Explanation:

a)The opportunity cost of 1 lb. of bananas is 4 lbs. of coffee for Oscar.

In order to produce 64 pounds of banana, Oscar has to give up producing 16 pounds of coffee, his opportunity cost is:

C= \frac{16}{64}= 0.25

The statement is false.

b)Oscar has absolute advantage in the production of coffee.

Julia has a higher production capacity for coffee (20 pounds to 16 pounds) and therefore has the absolute advantage.

The statement is false.

c)Julia has comparative advantage in the production of bananas.

Julia has a higher opportunity cost for producing a pound of bananas (0.5 pounds of coffee to 0.25 pounds of coffee) and therefore does not have the comparative advantage.

The statement is false.

d)The opportunity cost of 1 lb. of coffee is 4 lbs. of bananas for Oscar.

In order to produce 16 pounds of coffee, Oscar has to give up producing 64 pounds of banana, his opportunity cost is:

C= \frac{64}{16}= 4

The statement is true.

4 0
3 years ago
The Atlanta Journal-Constitution is an example of _________ because it is an organization that use technological channels to dis
AVprozaik [17]

A daily newspaper is The Atlanta Journal-Constitution, a company that uses technological channels to disseminate information with the aim of establishing and sustaining an audience.

<h3>What is the Atlanta Journal-Constitution?</h3>

The Atlanta Journal-Constitution is the only significant daily publication. It serves as Cox Enterprises' flagship publication.

The Atlanta Journal-Constitution, a daily newspaper, uses technological platforms to disseminate information in an effort to build and maintain an audience.

Learn more about the daily newspaper, refer to:
brainly.com/question/8059438

#SPJ1

5 0
2 years ago
Your group has a presentation to the class in two weeks. moe believes that the presentation should be similar to a presentation
77julia77 [94]
None of those presentation methods solve problems
6 0
3 years ago
Sound Company reported the following amounts for May, 2008: Direct materials purchased $254,000 Beginning raw materials inventor
Yakvenalex [24]

Answer:

$254,100

Explanation:

The computation of the  cost of direct materials used in production is shown below:

=  Direct materials purchased + Beginning raw materials inventory  - Ending raw materials inventory - Indirect materials requisitioned and used

= $254,000 + $12,000 - $7,900 - $4,000

= $254,100

Hence, all the other information is not considered. Therefore, ignored it

6 0
3 years ago
11. (-/1 Points] DETAILS BRECMBC9 5.11.010.
Lisa [10]

Answer:

2190 ; 2560 ;

$778.2

Explanation:

Total worth of gasoline sold = 16003.50

Cost of regular = 3.30

Cost of premium = 3.45

Let :

premium Gallon sold = x

Regular gallon sold = 370 + x

Hence, mathematically;

(3.45*x) + (3.30 * (x + 370)) = 16003.50

3.45x + 3.30x + 1221 = 16003.50

6.75x = 16003.50 - 1221

6.75x = 14782.5

x = 14782.5 / 6.75

x = 2190

Premium Gallon sold = 2190 gallons

Regular gallon sold = 2190 + 370 = 2560 gallons

Profit per regular gallon sold = $0.15

Progit per premium Gallon sold = $0.18

Total profit = (2190 * 0.18) + (2560 * 0.15) = $778.2

7 0
2 years ago
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