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sammy [17]
3 years ago
13

Delightful Weddings, LLC, and Event Catering Inc. have an executory contract. They agree to rescind their contract and simultane

ously enter into a new contract. If the initial contract was subject to a preexisting duty, the new contract will most likely be:
A) ​unenforceable.B) ​enforceable.C) ​valid.D) ​voidable.
Business
1 answer:
Rina8888 [55]3 years ago
8 0

Answer:

A) unenforceable.

Explanation:

In common law, the preexisting duty rule states that a new contract cannot be formed using an old obligation from a previous contract as consideration of the new contract. In other words, the preexisting duty must be performed before the new contract can be formed and a new consideration must be bargained between the parties involved.

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Emma's property is assessed at $650,000. her property qualified for a $50,000 homestead tax exemption and was appraised at $800,
Rama09 [41]
Emma's taxable property value should be $600,000 since her taxes will be based on the assessment not the appraisal and also because she gets the $50,000 tax reduction so therefore to reiterate she will be taxed on only the $600,000.
6 0
3 years ago
Trek Company has the following production data for April: units transferred out 40,200, and ending work in process 6,220 units t
Kitty [74]

Answer:

the costs to be assigned to the units transferred out and the units in ending work in process is $562,800 and $49,760 respectively

Explanation:

The computation is shown below:

Cost assign to units transferred out is

= 40,200 units × $4 + 40,200  units ×  $10

= $160,800 + $402,000

= $562,800

And, the Cost assign to work in progress is

= 6,220  units × $4 + (6,220 units × 0.40) × $10

= $24,880 + $24,880

= $49,760

Hence, the costs to be assigned to the units transferred out and the units in ending work in process is $562,800 and $49,760 respectively

5 0
3 years ago
Jamie is 42 years old and received a $20,000 distribution for his roth ira established in 2009. at the time of distribution, the
Leviafan [203]
<span>The rules for the Roth early distribution are as follows : Unless an exception applies, most distributions from a Roth IRA before the owner reaches age 59 1/2 will be subject to an "early withdrawal penalty" of 10% on the amount of the distribution. This is IF a person has kept the amount in the account for his required five year tax period rule. If this condition has been met, the total penalty would be $ 2000.00</span>
3 0
3 years ago
What information do you believe is needed in order to create a budget?
Sholpan [36]

Answer:

How to create a budget?

How to create a budget

Calculate your net income

List monthly expenses

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Determine average monthly costs for each expense

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4 0
2 years ago
Jonas has been assigned to work with a team at Falk Enterprises, Inc. Jonas has supervised this team in the past, and they have
olga55 [171]

Answer:

There should be defined roles of all the team members and they should know their responsibilities.

Explanation:

Jonas should clearly assign tasks of the project to his team members and each member should be accountable for his task. Jonas should teach his team about the significance of time management and therefore task must be completed before deadlines. Each member of the team must have defined responsibilities and roles.

5 0
3 years ago
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