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vazorg [7]
3 years ago
11

Joe pays Ann to mow his lawn, but Ann mows Donna's lawn by mistake. Donna peeps out her window and sees Ann mowing, yet says not

hing to Ann about her mistake as Donna needs to have her lawn mowed. When Ann approaches Donna for payment, Donna refuses, arguing that she had never asked Ann to mow her lawn. Under these circumstances, Ann can recover payment from Donna under: void contract. quasi contract. executory contract. express contract.
Business
1 answer:
sladkih [1.3K]3 years ago
4 0

Answer:

Quasi contract

Explanation:

A Quasi contract refers to an agreement between two parties who owed no past obligation to one another. It is a kind of a fictional contract which the law recognizes.

The characteristic feature of a quasi contract is that obligation is not created by any of the parties but by law. Such a contract does not exist out of agreement but by the operation of the law.

The objective behind imposition of such a contract by the law is to ensure fairness and justness to a party.

In the given case, Ann out of mistake, mowed Donna's lawn. Ann acted in good faith as she wasn't aware at the time of performing her duty but Donna was fully aware and let the act of mowing done to her own advantage. Later when Ann realized and asked for payment, Donna refused.

In this case, the party who acted in good faith would be at a loss if the law does not intervene and impose a contractual obligation on Donna to pay Ann for her work. The contract imposed by law in such a case under which Ann would recover her payment would be termed as a Quasi Contract.

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Pls help ASAP!!!
Fiesta28 [93]

Answer:

option 4

Reason:

A coupon that cost $200 to print that increases sales during the period it is valid by $500 and a 10 percent increase in returning customers. This gives the best return on investment for the marketing dollars spent.

3 0
3 years ago
Read 2 more answers
asset and expense accounts normally have credit balances, large balances, debit balances, negative balances?
Reptile [31]

asset and expense accounts would normally have large balances they wouldn't have a negative balance because and the money you have to spend on things for the same reason it's not going to have a credit balance because that would be the bank's money and it's not a debit balance

8 0
3 years ago
Carson Electronics uses65 percent common stock and 35 percent debt to finance its operations. The aftertax cost of debt is 5.8 p
Lina20 [59]

Answer:

$471,319.20

Explanation:

Carson's WACC = (0.65 x 16.1%) + (0.35 x 5.8%) = 10.47 + 2.03 = 12.5%

The PV of the investment = CF / (1 + wacc) + {[CF / (wacc - g)] / (1 + wacc)}

PV = $46,000 / 1.125 + {[$46,000 / (9.5%)] / 1.125}

PV = $40,890.71 + ($484,210.53 / 1.125)

PV = $40,890.71 + $430,428.49 = $471,319.20

8 0
3 years ago
&Isquo The long coastline of India provides it a strategic location &rsquo. Explan​
Vedmedyk [2.9K]

Answer:

see below

Explanation:

India has the longest coastline connecting it to Europe, Asia, and African countries.  The coastline has helped India establish close contacts with these counties, which has benefited India socially, diplomatically, and economically.

some of the benefits include

1)  Trade - The coastline allows  India to trade with many countries due to its ease of accessibility. Importing and exporting to India is less expensive due to its proximity to the ocean.

2) Boast to tourism - a long coastline serves as a tourist destination.

3) Fishing- The coastline is a big opportunity for the Indian fishing industry.

4) Agriculture -The ocean influences monsoon rainfall to Indian, enabling it to profit from agricultural activities.

6 0
3 years ago
Land costing $79,700 was sold for $90,300 cash. The gain on the sale was reported on the income statement as other revenue. On t
Ray Of Light [21]

Answer:

$90,300

Explanation:

As we know that the investing activities of the cash flow statement deals with the purchase and sale of the assets. The purchase of the assets represent the cash outflow and the sale of the asset represent the cash inflow

So according to the given situation the investing activities should report the sale value of the land i.e. $90,300 in a positive amount as it is a cash inflow

8 0
3 years ago
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