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valentina_108 [34]
3 years ago
9

Sarah's house caught on fire. Through the prompt assistance of her neighbor Odessa, the fire was quickly extinguished. In gratit

ude, Sarah promised to pay Odessa $1,000. Can Odessa enforce this promise?
Business
1 answer:
Zepler [3.9K]3 years ago
3 0

Answer:

To enforce this promise we need to analyse whether there has been any agreement or contract between Sarah and Odessa and whether the same can be enforced.

Explanation:

In Sarah's case, her offer to gratuitously pay the neighbor for assisting in the house fire is not an enforceable contract. When the neighbor rushed to help in the fire, the offer to pay $1,000 had not yet been extended. When Sarah did extend the offer to pay $1,000, there was no consideration exchanged between both parties. The consideration, putting out the fire, had already occurred without the offer or acceptance of a contract.

Consider an alternate scenario. Sarah's house was on fire, and she could not wait for the fire department. She ran to her neighbor's house, begged for help, and offered $1,000 in exchange for neighbor's assistance. After hearing Sarah's plea, the neighbor agrees to assist in extinguishing the fire. This constitutes a contract; an offer, consideration, and acceptance.

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Answer:

alot 34

Explanation:

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3 years ago
Scotch Inc. arranged a $7,000,000 revolving credit agreement with a group of banks. The firm paid an annual commitment fee of 0.
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Answer:

$575,000

Explanation:

Data provided:

The total amount for the credit agreement = $7,000,000

The amount borrowed by the firm = $6,000,000

The annual commitment fee for the unused balance = 0.5%

Prime rate of interest = 8%

Interest paid above the prime rate = 1.5%

Now,

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= $1,000,000 × 0.005

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= $6,000,000 × ( 0.08 + 0.015)

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4 0
3 years ago
In a department meeting, javier shares some research on new software he thinks the company should purchase. roger agrees with ja
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While working in a group each individual contributes in their own ways.

Benne and Sheats defined roles in a group and classified them in three categories. These categories are

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3.Dysfunctional Roles: do not contribute in any way to a group. They are only interested in serving their own interests and more often than not, are responsible for disruptions and discord within the group.

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3 0
3 years ago
Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the foll
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Answer:

Instructions are listed below

Explanation:

Giving the following information:

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B)  Q= 400

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