Answer:
b. At the signing of the contract
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent and it is at this point they (buyer and seller) sign the contract. Therefore, mutual assent connotes agreement, acceptance and consent to a contract by both parties.
<em>Hence, in most transactions, the buyer is accepting the condition of the property at the signing of the contract as an approval or consent to the terms and conditions. </em>
<u>Answer:</u>
The correct option is Unit of account
<u>Explanation:</u>
One of the functions of money is Unit of accounts in economics. The worth of an object is measured in a distinct currency. One of the downfalls of unit of account is that it is regarded as the steady unit of account but inflation factor devastate the said assumption that money is steady. It is regarded as the basic property of the money.
Thus, the correct option will be Unit Of Account.
Answer:
Loan Account
DR loan Note Account with $150,000
DR Loan Interest Expenses with $3,000
CR Cash/Bank Account with $153,000
Explanation:
the interest payable on the loan as at Dec 31 = $150,000 *6% *4/12 = $3,000
Answer:
Option A Creating Product Differentiation
Explanation:
The reason is that in the growth stage the company must add further features to the product to increase the product life and also capture the additional market share. This will only be possible if we have product differentiation.
The option D says that using anti-competitive strategy will give advantage to companies but this is not true, the reason is that the entrants enter the market when the product is at mature position (Normally). But this is not true in all situations.
So the best option is A
