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stiv31 [10]
3 years ago
12

Ben hired Lewis to drive his car in a race. Tuan, a friend of Lewis, promised to pay Lewis $3,000 if he won the race. Lewis won

the race, but Tuan refused to pay the $3,000. Tuan contended that no legally binding contract had been formed because he had received no consideration from Lewis for his promise to pay the $3,000. Lewis sued Tuan for breach of contract, arguing that winning the race was the consideration given in exchange for Tuan’s promise to pay the $3,000. What rule of law discussed in this chapter supports Tuan’s claim? Explain.
Business
1 answer:
qaws [65]3 years ago
8 0

Answer:

Consideration contract.

Explanation:

Consideration is basically the fact that Lewis never offered something in consideration to Tuan for his offer to pay the $3,000, this means that both parties need to have a benefit from the agreement and both should have a detriment, if only one party has a benefit that is considered a gift, and the law can´t force someone to gift something. This is why Tuan claim is correct and he isn´t forced to pay the $3,000 to Lewis.

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Persuading or convincing others to accept your argument means the reasoning must be logical. Which of the following is an exampl
Eddi Din [679]

The fallacy of the statement ‘Your grandfather died in World War II; you of all people should support veterans" is the support of the veterans. His grandfather was killed by the veterans and the narrator wanted him to support the veterans. This is an example of persuading an argument that is not logical and invalid.

3 0
3 years ago
Coffee shop owner: A large number of customers will pay at least the fair market value for a cup of coffee, even if there is no
JulsSmile [24]

Answer:

The answer is: D) The shop makes a substantial profit from pastries and other food bought by the coffee drinkers.

Explanation:

Once I saw this strategy being used by a chain of coffee shops that operated in large superstores. It was really successful, not only because they had a lot of clients. Most of the clients wouldn´t just buy coffee, they also bought pastries and sandwiches. This strategy was so successful that the coffee shop decided to offer free coffee to everyone. Even though you could just ask for a free coffee (after waiting 20 minutes in line), no one just got free coffee. Everyone bought something else. You could hear the other customers saying that since the coffee was free they were going to buy something.  

8 0
3 years ago
When Tom wanted to buy a new gas grill, he searched for grills on the Internet. He was able to gather information on the latest
Ivahew [28]

Answer:

The correct answer is Information search

Explanation:

Before deciding on the first offer, it is necessary to review or look for other options in order to have a better view of the options and be able to decide on one that offers the best utilities for what is needed. In this case Tom carries out a search process in order to know the options offered in the market and to be able to have an accurate decision according to his needs.

8 0
3 years ago
Read 2 more answers
In which stage of the product life cycle will promotional expenditures be significantly high in an attempt to create consumer aw
Ghella [55]

Introduction Stage of the product life cycle will promotional expenditures be significantly high in an attempt to create consumer awareness of a product and its features.

Explanation:

We buy millions of goods every year as customers. And these goods have a life cycle just as we do.

The process of life of the product has 4 stages, each of which has specific characteristics, which mean different for the organisation trying to handle the life cycle of its individual products.

Introduction Stage : This stage of the cycle could make the company announcing a new product the most expensive. The item's market size is too small, which means that sales are weak, but they will be rise.

Growth Stage: The growth phase usually features a significant increase in sales and earnings, which will boost the gross margin as well as the general profit ratio as the enterprise will continue to benefit from economy of scale in manufacturing.

Maturity Stage: The product will now be developed during the maturity stage, and the manufacturer's goal will now be to maintain their market share.

Decline Stage: Ultimately, a commodity demand may continue to decrease, and this is known as the period of decrease.

3 0
4 years ago
The textbook refers to a single question that was used to measure happiness. The question was: ""Imagine a ladder with steps num
BigorU [14]

Answer:

Cantril Ladder

Explanation:

Cantril ladder approach was developed by Hadley Cantril. The approach is a method of assessing the well being of individuals. The cantril scale is represented by an imaginary ladder with steps numbered from 1 to 10 wherein each step denotes a happiness level.

For example, level one would relate to poor well being i.e the case of individual being least happy whereas level 10 would represent highest satisfaction in life and happiness.

As per the research conducted across the globe, the cantril scale of well being and happiness correlated really well with the income of the respondents indicating, that well being and happiness are directly related to an individual's income level.

4 0
4 years ago
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