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zubka84 [21]
2 years ago
12

On september i5, preet wrote to lila as follows: "i offer to sell you blackacre for $300,000, all cash, closing on november i. P

lease advise as soon as possible. (signed) preet." on october i, lila mailed her acceptance to preet, unaware that preet had died on september 30 when lila learned of preet's death, on october 5, lila insisted that the estate of preet nevertheless deliver the deed to blackacre in exchange for lila's certified $200,000 check. Xavier, the executor of preet's estate, refused to do so.
Business
1 answer:
Gnesinka [82]2 years ago
8 0

Answer:

The contract wasn't formed because of closing of offer due to closing of offeree.

Explanation:

The offeree can only accept the offer if:

1. The Offer is not closed.

2. The offerer is alive.

3. No offerer qualifies age limit.

4. The Offered is in senses which means he is not drunk or suffering from mental illness that affects thinking of what is right or wrong for him.

Clearly from the above conditions the condition 2 is not satisfied here because offerer died before the acceptance of offer. Hence the contract was not formed and Executor did right by refusing to deliver the deed to black-acre in exchange for money.

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Kent Manufacturing produces a product that sells for $64.00 and has variable costs of $35.00 per unit. Fixed costs are $348,000.
DedPeter [7]

Answer:

The contribution margin per unit is $33.50

Explanation:

The contribution margin per unit in the case when the machine is purchased is shown below:

= Selling price per unit - variable cost per unit

= $64 - ($35 - $4.50)

= $64 - $30.50

=  $33.50

hence, the contribution margin per unit is $33.50 and the same is to be considered

We simply applied the above formula

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An economist makes an assumption that each additional year of education causes future wages to rise by 7 percent. In this​ model
ladessa [460]

Answer:

Wage year 4= $12222.19

Explanation:

Giving the following information:

Each additional year of education causes future wages to rise by 7 percent.

A person with 12 years of education makes ​$21 000 per​ year.

A person with 4 years of education=$?

We will use the present value formula to calculate the wage in year 0. Then with the final value formula calculate the year 4 wage.

PV= FV/[(1+r)^n]

FV=final value at t time

r= rate

n= period of time

PV= 21000/(1,07^12)= $9324. 2511

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Final Value year 4= 9324.2511*(1,07^4)= $12222.19

8 0
3 years ago
1. Demand curves faced by individual firms in a competitive market are thought to be perfectly elastic while the demand curve fa
eimsori [14]

Answer:

A). The demand curve looked by the flawlessly serious firms are splendidly versatile this is a result of the items selling in the ideal rivalry. The items are indistinguishable so no firm has power over the market cost, in the event that one firm builds the cost of the item the purchasers will quickly move to the result of different firms on the grounds that the items are indistinguishable. No firm has the motivator lessen the cost of their item. So the interest bend would be a level straight line corresponding to the X pivot, this demonstrates the interest is splendidly versatile. A cost increment will bring the amount requested to zero.  

B). The monopolists is just the single vendor in the market, so he can charge any value he needs, yet the amount requested will be relied on the value he charges. For instance in the event that he charges a significant expense the amount demanded will be very less and the other way around. So the monopolist is capable sell more at lower costs just, the descending inclining request bend shows the negative connection between the cost and the amount requested.  

C). In the ideal rivalry there is consummately flexible interest so the MR curve is likewise the interest curve of the firm. For the monopolist the MR curve lies underneath the interest curve, as the costs go bring down the MR decreases.

5 0
2 years ago
Mel operates a video game store. His records indicate that he had sales of $78,000. Customers returned $1,500 worth of video gam
Kamila [148]

Answer:

D. $57,500

Explanation:

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7 0
3 years ago
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