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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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Eleanor is a divorce attorney who practices law in Dallas. She wants to join the American Divorce Lawyers Association (ADLA), a
Stels [109]

Answer:

15 years

Explanation:

Future value of Lumpsum = PV (1 + i)^n

PV = Present value = $4,500  

i = interest rate = 8.5%

n = no. of compounding period = 15 years

So, FV = 4,500 * (1 + .085)^15

= 4,500 * 3.3997428788

= $15,298.84

When Eleanor choose to pay $500 for annual membership fee:

Future Value of annuity due = (1 + r) * P[((1 + r)n - 1) / r]

where P = Periodic payment = $500

i = interest rate = 8.5%

n = no. of compuding period = 15 years

So, FV of annuity due = (1 + .085) * 500[((1 + .085)^15 - 1) / .085]

= (1.085) * 500[(3.3997428788 - 1) / .085]

= (1.085) * 500 * 28.2322691624

= $15,316.01

So, within 15 years lifetime membership is cheaper than annual membership.

3 0
3 years ago
You have just determined that the actual number of workstations that will be used on an assembly line is 6, using assembly line
Artyom0805 [142]

Answer:

The assembly line efficiency is 4.17% (to 2 decimal places)

Explanation:

Efficiency is a measure of productivity that is used to determine how well a target is achieved, by finding the ratio of the actual output to the expected output. In this example, the number of units is the output of the assembly line, and the assembly line efficiency is calculated as follows:

Assembly line efficiency = (actual output) /(required output) × 100

actual output = 25 minutes

if 5 minutes = 1 unit

∴ 25 minutes = 1/5 × 25 = 5 units

∴ actual output = 5 units

required output = 120 units

∴ efficiency = \frac{5}{120} *100

= 4.17%

5 0
3 years ago
If real income rises 4%, prices rise 1%, and nominal money demand rises 4%, what is the income elasticity of real money demand?
goblinko [34]

The income elasticity of real money demand d. 3/4

Increase in real money demand = Increase in nominal money demand - Increase in inflation = 4% - 1% = 3%

Income elasticity of real money demand = % increase in real money demand / % increase in real income

= 3% / 4%

= 3/4

Income elasticity of demand is a monetary measure of how responsive the amount of demand for a very good or provider is to trade-in earnings. The formulation for calculating earnings elasticity of demand is the percentage change in quantity demanded divided by using the percent change in earnings.

In economics, the profits elasticity of call for is the responsivenesses of the quantity demanded an amazing to an alternate in patron profits. It is measured because of the ratio of the share exchange in the amount demanded to the proportion exchange in profits.

If the earnings elasticity of call for is more than 1, the best or carrier is taken into consideration a luxury and profits elastic. An amazing provider that has an earnings elasticity of call for between zero and 1 is considered an ordinary correct and income inelastic.

Learn more about Income elasticity here: brainly.com/question/15899715

#SPJ4

5 0
2 years ago
In his blog, Max Gladwell says that our world is being profoundly changed
Vesnalui [34]

Answer:

B: Increasing use of social media

Explanation:

Social media has many effects, good and bad on our society. Now people know what happened 4 minutes ago in countries thousands of miles away. They can keep up with celebrities and more. You can see how this is drastically changing the way we live. Hope this helps!

3 0
3 years ago
Sophie Bennett has met the deductible for her doctor's visits. However, her insurance company requires her to pay 20% of all exp
aliina [53]
The correct answer is:  [C]:  "coinsurance" .
___________________________________________________
4 0
3 years ago
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