The correct answer is a true meeting of the minds.
Genuineness, or reality, of agreement is said to be present in a contract when there is a true meeting of the minds.
What is Genuineness or reality of aggreement?
- Genuine Consent may be a total understanding between two competent parties.
- A party who illustrates that he or she did not truly consent to the terms of a contract may void the contract.
- Veritable consent may be missing due to botch, false distortion, undue impact or pressure.
- All parties must lock in within the assention openly. A contract may not be upheld on the off chance that one or more parties have made botches within the dialect.
- Moreover, a contract may be voided in case one party has committed extortion or applied undue impact over another.
- For case, you sign a contract in which you concur to offer your house to your next-door neighbor for $1. Once you marked the contract, your neighbor was undermining you. Clearly, you made the understanding beneath pressure, so the contract isn't substantial.
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Cost-benefit principle would state that you would only take an action if the benefit outweighs the cost.
For example: It may cost me $5 to drive to work, but I make $50 for showing up, I would go because the benefit I get outweighs the cost and I am better off going than staying at home.
Answer:
C Services are provided by both private and public sectors.
Explanation:
In a mixed economy, the private sector has the freedom to participate in economic activities, although the government has a role to play. A mixed economy allows the private sector to own the factors of production hence are free to decide what business they wish to run. Consumers have the liberty to select their suppliers. There is competition in the market place as profits motivate entrepreneurs.
The government is involved in the provision of public goods such as roads, hospitals, and schools. It provides regulatory services to the private sector to ensure fairness in the economy.
Answer:
Violate Establishment of responsibility
Explanation:
Establishment of responsibility is an characteristic of control such as internal related methods,measures adopted within an organization to safeguard assets and enhance the reliability of accountability, increase efficiency of operations,etc and which is used for assigning of responsibility to an individuals i.e when only ONE person is responsible for a given task.
Bellswood Jewelers makes used of the principle of establishment of responsibility in it operations.
The salesperson who sees another salesperson’s ID card lying unattended in the break room, and then make uses of the card to enter the vault and steal jewelry worth $36,840 had violated the establishment of responsibility of Bellswood
Answer:
A<u> </u><u>bond</u> will pay income based on an interest rate, while a <u>stock </u>may give dividends to investors. Both interest income and dividends contribute to the <u>return</u> on an investment.
Explanation:
A bond is a long-term debt tool used by governments and corporations to raise funds. To investors, bonds offer long-term investment opportunities that pay interest based on the prevailing market rates.
A stock is the smallest unit of a company. Owning stock is owning a small portion of the company. Stockholders are entitled to share in the profits of a company; that's why they receive dividends.
An investment is a commercial undertaking that provides the investor with a financial gain. The financial gain or profits may be dividends from shares or interests from deposits.
