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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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Assume that you manage a risky portfolio with an expected rate of return of 12% and a standard deviation of 39%. The T-bill rate
Shtirlitz [24]

Answer:

y = 50 %

Explanation:

As per the data given in the question,  computation are as follows:

Expected return = y × expected rate of return for portfolio + (1 - y) × rate of T-bills

By putting the value from the given data in the above formula, we get

0.09 = y×0.12 + (1 - y)×0.06

0.09 = 0.12y + 0.06 - 0.06y

0.03 = 0.06 y  

y = 0.50

= 50%

4 0
3 years ago
Pierce Company incurred $150,000 of research and development costs in its laboratory to develop a new product. It spent $20,000
mr Goodwill [35]

Answer:

A. $35,000

Explanation:

The first $150,000 were invested in research and development of the product itself, not the patent. Thus, this amount should be debited to research and development expenses.

The only expenses directly related to the patent itself are the $20,000 spent on legal fees on January 2, 2017, and the $15,000 for legal fees in a successful defense of the patent on July 31, 2017.

Therefore, the total amount that should be debited to Patents (P) is:

P = $20,000 + $15,000 = $35,000

8 0
4 years ago
Banks primarily use the money in savings accounts to
slamgirl [31]

Answer:

provide loans to consumers.

Explanation:

Banks use the money savings accounts to issue loans to customers. The loans issued become assets to the banks.  A Bank make profits by charging higher interest on the loans than the interests they offer on savings. The interest charged on loans is the main source of revenue for the banks.

Banks loan out to businesses and households to finance investments and consumption. Savings accounts become a pool to collect funds that businesses can borrow to finance their expansion. Individuals also borrow for consumption and personal development

7 0
3 years ago
Your company has decided to switch from IPv4 to IPv6 for all network communications. What do you need to check before this can h
maw [93]

Answer:

When switching from IPv4 to IPv6 for all network communications, we need to check the following:

1. Analysis of the cost-benefit: When cost-benefit is properly analyzed, it will help prevent pushback that might arise while executing the project. It will help in securing resources and proper management which will enable all to see the benefit of the project.

2. Readiness for migration will be assessed: The assessment is necessary in order to ascertain if applications will support this transition.

3. Proper migration planning will be carried out

Explanation:

There is a keen observation in the advantage of migrating from IPv4 to IPv6. IT managers of organizations have observed that there success in service provision when using IPv6.

IPv6 (known as Internet Protocol version 6) is the current version of the Internet Protocol which provides identication for computers and routes traffic in the web.

4 0
3 years ago
If you have money saved now that you intend to spend in 2 or more years, which type of savings account might be best?
Stella [2.4K]

Answer:

C.

Explanation:

Certificate of deposits are a type of saving account that allows account holders to keep their savings for a fixed period of time. It is a time based deposit of money.

In this type of saving account, the account holder can earn interest as well. The account holder can create a new CD after the maturity of the old one to extend the saving time.

In the given case, if the account holder intends to spend his saved money in 2-years or more, then he choosing a CD is right. It will fix his amount for that period of time and will earn him interest as well.

Therefore, option C is correct.

4 0
3 years ago
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