The correct answer is true. It is because if the contract
term is likely ambiguous, the court will likely consider this as an extrinsic
evidence or that the ambiguity is likely to be interpreted against the party
who is responsible for drafting the term.
Answer:
b. Smokey will win because the contract did not need to be in writing.
Explanation:
The Statute of Fraud requires that certain contracts must be in writing to be enforceable. Oral contracts are enforceable if they fulfill certain conditions and if the consideration is below $500. The contract between Speed Racer and Smokey is for less than $495 which clarifies that the contract does not need to be in writing. Also Smokey paid $100 as a deposit to Speed Racer which is part performance of the contract. This made the contract enforceable and Speed Racer will lose.
a gift of nature while capital is manufactured
The land is a purely natural resource whereas capital encompasses anything which has value., for example, money, gold, machinery etc. Also, we should note that land includes the ground on which we live, grow crops, build factories and houses, and it includes all the natural resources we use in production.
Answer:
The correct answer is D
Explanation:
Under the periodic inventory system, the companies evaluate the COGS (Cost of goods sold) at the end of the accounting year or the fiscal period. And the details of the goods on hand which are not available, in this system.
And under the perpetual inventory system, this offer better control over the inventories rather than the periodic inventory system. And this system requires the COGS (Cost of goods sold) to be acknowledged at the time of sale and it contain the more accurate value of goods on hand.
Therefore, the statement which is correct is that the perpetual inventory system, offer better control over inventories.
When the Fed buys government bond from a bank, then, bank will acquires money which it can lend out, thus, leading to an increase to money supply.
The open market operations entails the purchase and sales of government bonds by the Federal Reserve (Fed).
- When Fed purchases government securities on open market,, this increases the reserves of commercial banks, increases the price of government securities, reduces overall interest rates etc.
Therefore, when the Fed buys the government bond from a bank, then, the bank will acquires money which it can lend out, thus, leading to an increase to money supply.
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