B) A unilateral contract.
<h3><u>What exactly is a unilateral contract?</u></h3>
In contrast to the more typical bilateral contract, a unilateral contract is a sort of agreement where one party (also known as the offeror) makes an offer to another individual, business, or the general public. The offeree must carry out the act or provide the service specified in the agreement in order to get what the offeror promised.
While there are no promises made in a unilateral contract, there are fixed agreements and commitments between two parties in a bilateral contract. Instead, the offeror asks the offeree to fulfill a request, execute an act, or render a service.
<h3><u>What do you need to understand about unilateral contracts?</u></h3>
Although only one party is making a pledge in a unilateral agreement, it is nonetheless legally binding.
A task must be completed in order to accept a unilateral contract.
The unilateral agreement's act is not required to be carried out by the offeree.
Learn more about unilateral contracts with the help of the given link:
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Answer:
Explanation:
Base on the scenario been described in this question, we can use the following method to be solve the question below using Microsoft word we have the solution in the image attached file below
A decline in the real GDP that occurs for at least two or more quarters is called a depression. The correct option among all the options that are given in the question is option "b". There is a very thin line of difference between recession and depression. when the real GDP falls for a repeated number of periods, then it is depression.
Answer:
$2,580
Explanation:
Depreciation = (Cost - Residual Value)/ Useful life
Yearly depreciation = ($43-800 - $3000)/8 = $5100
At the end of Year 5, total depreciation would be = $5100 X 5 = $25,500
Net book value at the end of year 5 = $43,800 - $25,500 = $18,300
Year 6, the extra ordinary repair that extended the useful life would be capitalized. Book value = $18,300 + $7,500 = $25,800
As 5 years have been expended, the remaining useful life would be 15-5 = 10 years
Depreciation expense year 6 = $25,800/10 = $2,580
