Answer:
B. Positive externality
Explanation:
An externality is a benefit or a detriment to a third party created by the production or consumption of goods or services. A third party is everybody else other than the producer or consumer of a product. An externality is either positive or negative.
A positive externality is when consumption or production creates a benefit to a third party. The third-party does not meet the cost of products but indirectly enjoys its production.
<span>The bungee company can claim you knew the risks of bungee jumping as the jumper signed and complied with all the paperwork and consent forms before performing the jump.</span>
Answer:
The rate of return must be 12.25% per year
Explanation:
Find the calculation attached. The aim is to increase the initial capital taking into acount that for each year the capital will be increased by the interest paid . Therefore the capital + interest paid will be the new balance from which the 12,25% will be applied again for the next 6 years.
Answer:
Limited confidentiality
Explanation:
The exercise of limited confidentiality means that the individuals who are intended to have limited confidentiality exercise must not disclose the facts or the information that are included in the aspect of confidentiality.
Confidentiality refers to the limitation of the data or information being shared to the enclosed group of people within the limited entities.
Here, the information that should remain between the seller and broker (i.e the price at which the seller can accept the offer ) has been disclosed to the buyer.
Hence, the exercise of limited confidentiality has been violated by the licensee.
Answer:
c. Because X's failure to disclose the condition of the faucet is not material.
Explanation:
In order to consider X's failure as material and therefore allowing Y to rescind the contract, the failure to disclose must involve an element of the contract that is in such a bad condition that it would make the contract as "irreparably broken".
In this case, contract law provides other remedies that Y can use to try to make X pay for the repairs, but Y cannot unilaterally rescind the contract.