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3 years ago

When both parties to a contract are mistaken as to the same material fact either paarty can rescind the contract?

1 answer:

6 0

I took this question already, so if it was
<span>
Often, when both parties to a contract are mistaken as to the same material fact, either party can rescind the contract.

It would be "True"

</span>

You might be interested in

In 2011, the value of the GDP deflator is 113. (Enter your response rounded to the nearest whole number.) In 2012, the value

kirill [66]

Answer:

2011 = 113

2012 = 119

Explanation:

The computation is shown below:

GDP deflator = (Nominal GDP) ÷ (Real GDP) × 100

For 2011, it would be

= ($13,495 billion) ÷ ($11,919 billion) × 100

= 113

For 2012, it would be

= ($14,241 billion) ÷ ($12,007 billion) × 100

= 119

In order to find out the GDP deflator, we divided the Nominal GDP by the Real GDP

3 0

3 years ago

Lakeside Inc. produces a product that currently sells for $64.80 per unit. Current production costs per unit include direct mate

iren [92.7K]

Answer:

a. Incremental costs = (Direct materials + Direct labor) * 20%

Incremental costs = ($26 + $28) * 20%

Incremental costs = $54 * 20%

Incremental costs = $10.8

Incremental selling price = $72 - $64.8 = $7.2

Incremental profit (loss) = Incremental selling price - Incremental costs = $7.2 - $10.8 = $(3.6)

b. No. As there is Incremental loss, it should not be processed further

5 0

2 years ago

In a practical sense, the best size for a team is:A. between two and twenty-five members.B. five or fewer people.C. determined b

natali 33 [55]

C is the correct answer because it really varies depending on the game.

3 0

3 years ago

After 160 customer reviews for the hotel, 65% were Excellent

Aneli [31]

Answer: 104 reviews

Explanation:

Number of customers reviews = 160

Percentage of customer reviews that were excellent= 65%

Number of customer reviews that were excellent will be:

= 65% × 160

= 65/100 × 160

= 0.65 × 160

= 104

104 reviews were excellent.

4 0

3 years ago

1. The Herfindahl index: Suppose that three firms make up the entire bicycle manufacturing industry. One has a 40% market share,

alukav5142 [94]

Answer:

3400, Rise, C

Explanation:

1. Since there are just 3 firms and two already has a sum total of 70% (40+30), the third firm will have a market share of 30%

HHI= $40^{2}+ 30^{2}+30^{2}\\$

HHI= 1600+900+900

HHI= 3400

2. Abe's Bikes with 30% leaves the market, if the two firms were to share Abe's market share equally (15+15), it will leave Firm A with 55% (40+15) and Firm B with (30+15) 45%

Therefore,

HHI= $55^{2}+45^{2}$

HHI=3025+2025

HHI= 5050

A rise in HHI

3. C

An index of 10,000 corresponds to a monopoly firm with 100% market share.

3 0

3 years ago