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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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4. Operating Cash Flow [L02] In comparing accounting net income and operating cash flow, name two items you typically find in ne
Mademuasel [1]

Answer:

1. Depreciation or Amortization of Assets

2.Profit or Loss on sale of Assets

Explanation:

Operating Cash Flow is very different to Net Income. The earlier represent cash movement and the latter represent profit movement.Cash and profit literally are different.

So in the profit calculation you would find some non-cash items that include estimate of depreciation expense or amortization cost of intangible assets or a profit or loss on sale of a PPE item.

Whereas in Operating Cash Flow determination only cash items are considered and all non-cash items are removed from profit of the year to reach an amount of Operating Cash Flow.

8 0
3 years ago
Chuck offers $240,000 for a house. The seller turns down the offer but says she will sell the house for $260,000. However, Chuck
qaws [65]

Answer:

Chuck must be less than $260,000

Explanation:

The economic decision rule is: Do it if that marginal benefit exceeds the marginal cost and Since Chuck was unwilling to purchase the house at $260,000, we can deduce that the marginal benefit of purchasing the house must be less than $260,000 due to the fact that the seller turns down the offer but says she will sell the house for $260,000.

6 0
3 years ago
Which of the following statements is FALSE regarding resignations in the workplace? The most qualified employees are often the o
Musya8 [376]

Answer:

The correct option is the statement that reads " If a firm commits to making its environment a good place to work,workers will not leave"

Explanation:

The most qualified employees are always been poached because of the value they add to any organization,hence the first statement is absolute truth.

The second statement  is wrong because there the best working environment cannot stop people from resigning,what in case someone needs to study masters abroad?

A certain level of turnover is healthy since it paves from for new hands with fresh perspective to be hired.

However, when turnovers becomes excessive,it implies a fundamental problem with the workplace.

7 0
3 years ago
What is the cash flow equation?
aksik [14]
Cash flow=net income+non-cash expenses-increase in working capital.
4 0
2 years ago
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Once dan kim has successfully tested the concept for a new product, his next step would be
natali 33 [55]

Develop the product / Release the new product.

7 0
3 years ago
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