Answer:
Explanation:
This could be due a number of factors.
1 Externality effect
2 There could also be market failure, when property rights are not properly defined.
Externality is the effect of a third party on a property right, when all parties cannot come to an agreeable resolution on properties this could lead to inefficient use of land.
Also when the property rights are not put in place its difficult to come to a resolution that satisfies all parties.
Answer: (A) and (D)
Explanation:
(A)
Since it is a nationally renowned photography business, it has been running for sometime. Most likely hence, it has been operating as a registered nonprofit organization and the top 10 clients were owners of local charities
(D)
Janice sold the securities to the 40 clients 25 days after filing her registration statement with the Securities and Exchange Commission.
The question says she "decided" to sell those securities on the 5th day after filing her registration statement. It didn't say she sold it on that day.
So, if we sold the securities 25 days after, her court case would be different.
Answer:
33.33%
Explanation:
Given:
Sales revenue = $360,000
Cost of goods sold = $240,000
Net income = $53,000
Now,
the gross profit = Sales revenue - Cost of goods sold
or
The gross profit = $360,000 - $240,000 = $120,000
Thus,
the company's gross profit ratio = 
or
The company's gross profit ratio = 
or
The company's gross profit ratio = 33.33%
The provided example is the material breach of contract as the contractor has broken the condition of using the brick exterior while building an additional room for the owner.
<h3>What is the meaning of a breach of contract?</h3>
Breach of contract occurs when one party does not fulfill the required conditions of a contract. It is a kind of civil wrong done by the accused party.
A material breach of contract arises when a party or owner of the property gets the least benefit or a varied result that is not as per the specifications of the contract. In the provided situation, the utilization of vinyl siding instead of the brick exterior shows that it has broken the required condition as specified by the owner in the contract which results in a material breach of the contract.
Therefore, the given situation represents the case of the material of the contract.
Learn more about the breach of contract in the related link:
brainly.com/question/25930552
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