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
pantera1 [17]
2 years ago
5

Kenneth purchased a car from his local dealership, Quartent Cars. However, since the car was not available in the color that Ken

neth favored, the sales contract stipulated that Kenneth could immediately pick up the car of his preferred color from a nearby warehouse. The warehouse was owned by Mr. Henderson. Kenneth received the document of title for the car upon payment and presented it to Mr. Henderson a week later. But Mr. Henderson informed Kenneth that the car was damaged during a fire at the warehouse. What role does Mr. Henderson fulfill in the contract?\
Business
1 answer:
asambeis [7]2 years ago
4 0

Answer:

Mr. Henderson is the bailee

Explanation:

In contract law, the bailee is the person or organization that receives possession of a property or products by a contract of bailment. The contract of bailment requires that the bailee returns the property or products back to the bailor (person or organization that gave them the property) when required. The bailee is responsible for safe keeping the property or products handed to them as part of the contract of bailment.

You might be interested in
The beginning inventory was 300 units at a cost of $10 per unit. Goods available for sale during the year were 1,300 units at a
Ugo [173]

Answer:

a. The number of units purchased in October = 400

The cost per unit = $12

b-1. Cost of goods sold = $7,950

Ending inventory = $6,450

b-2. Cost of goods sold = $8,650

Ending inventory = $5,750

Explanation:

a) Data and Calculations:

Beginning inventory    300 units  at $10 per unit = $3,000

May purchases            600 units at $11 per unit =     6,600

October purchases     400 units at $12 per unit =    4,800

Goods available        1,300 units                             $14,400

Ending inventory        550 units

Goods sold                 750 units

a. The number of units purchased in October = 400 (1,300 - 300 - 600)

The cost per unit = $12 ($4,800/400)

b-1. Cost of goods sold and ending inventory using FIFO method:

Cost of goods sold:

300 units  at $10 per unit = $3,000

450 units at $11 per unit =     4,950  $7,950

Ending inventory = $6,450 ($14,400 - $7,950)

b-2. Cost of goods sold and ending inventory using LIFO method:

Cost of goods sold:

350 units at $11 per unit =     3,850

400 units at $12 per unit =    4,800

Total Cost of goods sold = $8,650

Ending inventory = $5,750 ($14,400 - $8,650)

8 0
3 years ago
Through fraudulent means, Frank induces Ethel to sign a contract to invest with him the profits from her business. When Ethel le
Andreas93 [3]

Answer:

a. ​enforce the contract or recover what she invested with Finlay.

Explanation:

From the question we are informed about Frank which Through fraudulent means, he induces Ethel to sign a contract to invest with him the profits from her business. In this case When Ethel learns the truth, she may enforce the contract or recover what she invested with Frank. Contract can be regarded as an agreement that exist between two parties which could be private parties to create obligation which is mutual and is enforceable under law, element needed for a contract to be valid is that there must be valid offer as well as acceptance.

3 0
3 years ago
Which of the following is a capital resource? a. A computer programmer. b. A corporate bond issued by a computer manufacturer. c
Furkat [3]

Answer:

The answer is B. corporate bond issued by a computer manufacturer

Explanation:

Capital in business is the money committed to the business by its owner or owners. Capital can also be from a borrowed fund e.g loan

Bond is a long term loan issued to finance a capital project.

Therefore, the corporate bond issued by a computer manufacturer is a capital.

Option A which is a computer programmer is a human asset.

Option C is an inventory (Current assets). This is used to make computer chips.

Option D is an asset

6 0
3 years ago
Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the
expeople1 [14]

Answer:

a. 4,000

Explanation:

Units in ending inventory

= Units in beginning work in process + Units started into production - Units transferred to the next department

= 2,400 + 10,500 - 8,900

= 4,000 units

8 0
3 years ago
What High School did LeBron James go to?
Ket [755]

Answer:

St Vincent St Mary High

4 0
3 years ago
Read 2 more answers
Other questions:
  • Olongapo sports corporation distributes two premium golf balls—flight dynamic and sure shot. monthly sales and the contribution
    6·1 answer
  • A contract clause which specifies the amount of damages to be paid in the event of a breach is called:
    11·1 answer
  • Amanda Manufacturing Company prepared the following static budget income statement: Revenues $ 125,000 Variable Costs (75,000) C
    11·1 answer
  • All International Monetary Fund (IMF) loan packages come with conditions attached which limits Group of answer choices
    13·1 answer
  • Campbell Transport Company divides its operations into four divisions. A recent income statement for its West Division follows.
    6·1 answer
  • The social strata evident in a society is primarily derived from__________.a. government policy.
    7·1 answer
  • Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches.
    7·1 answer
  • The marginal revenue product schedule is: * 1 point A) the same whether the firm is selling in a purely competitive or imperfect
    11·1 answer
  • Current Attempt in Progress Incorrect answer icon Your answer is incorrect. Carla Willis will invest $34,700 today. She needs $1
    10·1 answer
  • A self-employed individual makes $200,000 per year. to which type of retirement plan can the maximum contribution be made?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!