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Salsk061 [2.6K]
3 years ago
6

TRUE OR FALSE FOR BRAINLIEST ANSWER 1. Generally, a contract must state all of its terms. There can be no missing information an

d reasonable interpretations are not allowed. 2. An ambiguous contract can be interpreted according the plain language of the contract. 3. The doctrine of quasi-contract generally cannot be used when there is an actual contract that covers the matter in controversy. 4. A voidable contract is a contract that may be rescinded (undone). 5. If a person receives a benefit, the law of implied contracts, or quasi contract, requires that person pay for the benefit. 6. According to the Plain Meaning Rule, when a contract’s writing is clear and unequivocal, a court will enforce it according to its obvious terms.
Business
1 answer:
n200080 [17]3 years ago
3 0
True, and that would be the answer :)
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Mountain High Ice Cream Company transferred $65,000 of accounts receivable to the Prudential Bank. The transfer was made with re
Liono4ka [1.6K]

Answer:

Dr Cash 56,550

Dr Receivable from factor 5,500

Dr Loss on sale of receivables 6,450

    Cr Accounts receivables 65,000

    Cr Recourse liability 3,500

Explanation:

cash = ($65,000 x 90%) - factoring fees = $58,500 - $1,950 = $56,550

factoring fees = $65,000 x 3% = $1,950

loss on sale of receivables (includes factoring fees) = (accounts receivables + recourse liability) - (cash + receivable from factor) =  ($65,000 + $3,500) - ($56,550 + $5,500) = $68,500 - $62,050 = $6,450

3 0
3 years ago
Mercy Hospital is considering a project that is expected to reduce the hospital's annual operating costs by $250,000 per year be
gizmo_the_mogwai [7]

Answer:

$650,000

Explanation:

The computation of the expected net cash flow for the year 1 is shown below:

= Annual operating cost reduced + expected revenue generated per year in the year 1

= $250,000 + $400,000

= $650,000

By adding the annual operating cost, and the expected revenue generated we get the project expected net cash flow for the year 1

5 0
3 years ago
A firm's WACC can be correctly used to discount the expected cash flows of a new project when that project will: Multiple Choice
Serggg [28]

Answer:

...when that project will have the same level of risk as the firm's current operations

Explanation:

Weighted average cost of capital (WACC) is the company's cost of capital based on its proportion of equity and debt used in its capital structure. It can be used as the discount rate for calculating the present value of future expected cashflows of a project if the project is determined to be of similar risk to the company's operations; meaning that the estimated beta of the project is the same as the beta of the firm.

5 0
3 years ago
In an international communication process carried out by a company, the sales force of the company that conveys the encoded mess
Brums [2.3K]

Answer: message channel

Explanation:

In an international communication process carried out by a company, the sales force of the company that conveys the encoded message to the intended receiver acts as a message channel.

The sales force are said to act as a.mesage channel because they are the ones that pass the message across to the intended receiver.

4 0
3 years ago
The seller conveyed a quitclaim deed to the buyer. upon receipt of the deed, the buyer may be certain that?
Rina8888 [55]

The buyer can feel assured that they own all of the seller's interests in the property.

A Quitclaim Deed: What Is It?

Deeds can take on a variety of complex and sophisticated forms, each with its own ramifications and ideal applications.

Quickly transferring property to a buyer is possible with a quitclaim document. But you should be aware that the quitclaim does not offer any buyer rights, unlike general or special warranty deeds. A quit claim deed is devoid of any ownership guarantees or encumbrances. Only when the seller has certain rights or interests in the property do they expire as a result of a quit claim deed.

to know more about Quitclaim Deed

brainly.com/question/28401895

#SPJ4

3 0
1 year ago
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