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goblinko [34]
3 years ago
14

Rough & Ready Timber Company orally contracts with Shawn for the purchase of five acres of Shawn’s timberland. Shawn makes t

he transfer but Rough & Ready does not pay the price. The lack of a written contract could bar enforcement of this deal. If so, Shawn could most likely recover on a theory of_______.
A. reformation
B. restitution
C. liquidated damages
D. quasi contract
Business
2 answers:
Elena L [17]3 years ago
8 0

Answer:

The correct answer is letter "D": quasi contract.

Explanation:

A quasi-contract is a type of agreement set by a judge where two parties engaged in some sort of deal involving one of them providing something to the other in exchange for payment but the second party does not fulfill its obligations. Quasi-contracts are created to avoid individuals from taking advantage of one another.  

Quasi-contracts mostly happen when there is no written contract between the parties in a dispute where terms are established making the parties liable of what they signed.

salantis [7]3 years ago
3 0

Answer:

D) quasi contract

Explanation:

In contract law, a quasi contract is a legal obligation that results from the absence of a contract between parties. Its main purpose is to prevent unjust enrichment by the party with the highest bargaining power. In this case, the timber company has much more bargaining power and overall wealth than Shawn.

A court determines the existence of a quasi contract and orders its performance in the absence of a true contract.

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On January 1, 2020, Sheffield Corp. issued ten-year bonds with a face amount of $4500000 and a stated interest rate of 8% payabl
Scorpion4ik [409]

Answer: $3,704,040

Explanation:

The issue/ selling price of a bond is calculated by the formula:

= Present value of coupon payments + Present value of face value

The coupon payments will be an annuity and in cash terms are:

= 8% * 4,500,000

= $360,000

Selling price:

= (360,000 * Present value of an ordinary annuity factor, 11%, 10 periods) + (4,500,000 * Present value discount factor, 11%, 10 periods)

= (360,000 * 5.889) + (4,500,000 * 0.352)

= $3,704,040

7 0
3 years ago
You observe that the inflation rate in the United States is 1.5 percent per year and that T-bills currently yield 2.0 percent an
Kamila [148]

Answer:

(a) 7.5%

(b) 8.5%

(c) 9.5%

Explanation:

(a) Foreign country inflation rate - US inflation rate = Foreign country risk free rate - US risk free rate

Lets foreign country inflation rate = X

X - 1.5 = 8 - 2

X - 1.5 = 6

X = 6 + 1.5

   = 7.5%

(b)

Lets foreign country infllation rate = X

X - 1.5 = 9 - 2

X - 1.5 = 7

X = 7 + 1.5

   = 8.5%

(c)

Lets foreign country inflation rate = X

X - 1.5 = 10 - 2

X - 1.5 = 8

X = 7 + 1.5

   = 9.5%

6 0
3 years ago
In the ____ stage of the adoption process, the consumer may buy the product to experiment with it in use. A. interest B. awarene
dedylja [7]

In the <u>trial</u> stage of the adoption process, the consumer may buy the product to experiment with it in use.

Explanation:

There are basically 5 different stages in the consumer adoption process.

1. Awareness: This first stage is concerned with the consumer being exposed to an innovation or product. Right now he does not have too much information about it, and may not even pay too much attention to it.

2. Interest and Information: It is at this second stage that the consumer wants to voluntarily know more about the said product. He starts collecting information about it from various sources.

3. Evaluation: In this third stage, once the consumer has accumulated all the information he can by means of various sources, he starts comparing the features and qualities of the new product with other already existing products.

4. Trial: After the first three stages, now the consumer is ready to try out the product for the first time. He may go ahead and purchase it, or if free samples are readily available, he may use those too.

5. Adoption: The fifth and last stage of the consumer adoption process is about the consumer purchasing the said product, after all the trials and evaluations.

4 0
3 years ago
Susan purchased some municipal bonds yielding 7% annually and some certificates of deposit yielding 9% annually. if susan's inve
Eddi Din [679]

Hey there!

the answers is

Answer:

Certificates of deposits =$.13000

Bonds =$.6000

thank you

Best regards

         OFFICIALLYSAVAGE2003

5 0
3 years ago
Full employment means A. there is​ "normal" frictional unemployment and a small amount of cyclical unemployment. B. everyone in
timurjin [86]

Answer:

The correct answer is C. there is a level of unemployment consistent with​ "normal" frictions in the labor market.

Explanation:

Full employment is a situation where all the individuals in a country, who are able to work and who want to do so, are effectively working either as employees of a company or organization or creating their own.

When full employment occurs, labor demand equals supply so that the labor market is in perfect balance. This means that in a country with full employment, all workers who belong to the active population and look for work, find it. However, as we will see below, when there is full employment there are certain unemployed people, it is what is known as frictional unemployment.

8 0
3 years ago
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