1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
A customer’s order was never filled because an order entry clerk transposed the customer identification number while entering th
Stells [14]

Answer:

The correct answer is C. Validity check.

Explanation:

Identifying possible errors in real time, as the process progresses through the warehouse, allows you to make the necessary adjustments at the moment and reduces the time and resources dedicated to correcting faults. Intermec 2D and RFID portable barcode technologies improve the accuracy of storage processes and preparation of orders to such an extent that many companies can do without the step of verifying orders in the loading process.

6 0
3 years ago
Read 2 more answers
Incremental Analysis for Discontinuation Decision Total Contribution margin lost if special oats is discontinued Less: Fixed cos
Scilla [17]

Incremental Analysis for Discontinuation Decision can have two way affect to the Business

Explanation:

1. Contribution Margin Lost- If the special eats is discontinued then obviously it would affect (decrease) the profit margin that the Business would be enjoying before the product discontinues

Less:

2. Fixed Cost Saving - This would generally increase as the expenditure of the organisation would decrease.

Depending upon how the product performed the company can be benefited as well as incur loos at the same time .Discontinuation of a product is generally done when the company is facing losses.

6 0
3 years ago
List at least four investment alternatives.
Ierofanga [76]
Four investment alternatives are hedge funds, futures, stocks, and bonds. If you are looking for more: mutual funds, annuities, and real estate are others.
5 0
4 years ago
Read 2 more answers
The balance in Accounts Receivable at the beginning of the year amounted to $16,000. During the year, $64,000 of credit sales we
poizon [28]

Answer: $70,000

Explanation:

Accounts Receivable at the beginning of the year amounted to $16,000

During the year, $64,000 of credit sales were made to customers.

ending balance in Accounts Receivable amounted to $10,000, and uncollectible accounts expense amounted to $4,000,

The Amount to appear in the operating activities section of the cash flow statement is

$16,000+$64,000-$10,000= $70,000

8 0
4 years ago
Read 2 more answers
Audits of financial statements are designed to obtain reasonable assurance of detecting misstatement due to?
alisha [4.7K]

Answer:

Errors, fraud, and noncompliance with laws with a direct effect on financial statement amounts.

<h3>How does the auditor obtain reasonable assurance?</h3>
  • In order to obtain reasonable assurance, the auditor shall obtain sufficient appropriate audit evidence to be able to draw reasonable conclusions on which to base the audit opinion.
  • Reasonable assurance is obtained when the auditor has thereby reduced audit risk to an acceptably low level.

To learn more about it, refer

to brainly.com/question/24553900

#SPJ4

5 0
2 years ago
Other questions:
  • According to the leadership grid developed by Blake and Mouton, which management style reflects moderate concern for production
    11·1 answer
  • Question help the muffin house produces and sells a variety of muffins. the selling price per dozen is​ $15, variable costs are​
    15·1 answer
  • (20 points)
    13·2 answers
  • An additional means of reducing merchandise trade deficits is to implement exchange controls, thereby matching export payments w
    11·1 answer
  • Tim's employer offers him the option to buy 200 shares of the company for $250 a share. If the company has issued 40,000 shares,
    9·1 answer
  • The following information is available for Marin Inc. for three recent fiscal years. 2022 2021 2020 Inventory $565,000 $572,000
    11·1 answer
  • You are an industry You are an industry analyst that specializes in an industry where the market inverse demand is P = 200 - 5Q.
    10·1 answer
  • Consumed to fuel day to day expenditure
    14·1 answer
  • A common step in the testing for accounts payable is to test subsequent disbursements for improper/proper inclusion/exclusion in
    6·1 answer
  • Samson Enterprises issued a ten-year, $20 million bond with a 10% interest rate for $19,500,000. The entry to record the bond is
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!