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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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A company purchases inventory on terms of net 30 days and resells to its customers on terms of net 15 days. The inventory conver
Tanzania [10]

Answer:

The company's cash conversion cycle is 75 days

Explanation:

The conversion cycle is the number of days that a business takes to convert its investment in inventory into cash flowing from the purchase and sales of the business.

Conversion cycle = Payable days + Inventory in Stock days + Receivable days

where

Payable days = Purchases term  = 30 days

Inventory in stock = Number of days until inventory remains unsold = 60 - 30 days = 30 days ( As payable days are already included in inventory conversion days )

Receivable days = Sales term = 15 days

Placing values in the formula

Conversion cycle = 30 days + 30 days + 15 days

Conversion Cycle = 75 days

6 0
3 years ago
Describe the benefits of branding? ​
Kobotan [32]

Answer:

u get free stuff out of it

3 0
3 years ago
Capital brought into a business in exchange for a percent of ownership in the business is called
neonofarm [45]

Answer:

D: Equity financing

Explanation:

Equity is ownership in the business - equity financing means giving up ownership in order to secure financing.

3 0
4 years ago
Developing a resilient brand is less about ________ and more about ________. a. selling products; generating leads b. generating
aalyn [17]

Developing a resilient brand is less about <u>pushing a product</u> and more about <u>building trust</u> with the consumers.

<h3>What is a resilient brand?</h3>

Resilience in branding relates to the concept of creating brands that can last longer in the market.



The qualities of a resilient brand are, they able to:

  • change with the requirements of the consumers
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See the link below for more about resilient brand:
brainly.com/question/14286452

3 0
3 years ago
When the marginal revenue curve intersects the horizontal axis A. demand is relatively inelastic. B. demand is perfectly elastic
konstantin123 [22]

Answer:

D. demand is unitary elastic.

Explanation:

A unitary elastic demand means that the quantity demanded will change proportionally to any change in the price of the product or service. E.g. price decreases by 10%, then quantity demanded will increase by 10%.

The marginal revenue curve represents the additional revenue generated by selling one more unit. As the marginal revenue curve approaches 0, it means that selling one additional unit generates lower revenues.

8 0
3 years ago
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