1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alina1380 [7]
3 years ago
13

Jim makes a contract with Oleta to sell her a 1965 lava lamp once owned by a famous artist. Jim later decides that he does not w

ant to sell the lamp to Oleta. In this scenario, Oleta: Select one: a. cannot get any remedy because the lamp is not a generic product. b. can claim exemplary damages. c. can require Jim to specifically perform the contract. d. can sue Jim for an unfair and deceptive trade practice.
Business
1 answer:
Aloiza [94]3 years ago
4 0

Answer:

c. can require Jim to specifically perform the contract.

Explanation:

Specific performance is a remedy used in contract law by which the non-breaching party requires a court to order that the breaching party fulfills the performance included in a valid contract.

In this case, Oleta can request a court order that forces Jim to sell the lava lamp to her at the price specified in the contract.  

You might be interested in
Able Trucking Corporation files a suit in a state court against Bob’s Service Company (BSC), and wins. BSC appeals the court’s d
xz_007 [3.2K]

Answer:

Explanation:

An appellate court will reverse a lower court’s decision on the basis of the facts only

when the finding is clearly erroneous (that is, when it is contrary to the evidence

presented at trial) or when there is no evidence to support the finding. Appellate courts

normally defer to a trial court’s decision with regard to the facts of a case, however, for

several reasons. First, trial court judges and juries have the opportunity to observe

witnesses and tangible evidence first hand. The appellate court sees only a cold record of

the trial court proceedings and therefore cannot make the kind of judgments about the

credibility of witnesses and the persuasiveness of evidence that can be gleaned only from

firsthand experience. Second, as occurs when there is no jury and the case is heard by a

judge, trial judges routinely sit as fact finders. As a result, they develop a particular

expertise in determining what kind of evidence and testimony is reliable and what kind is not

3 0
3 years ago
This morning, you purchased a stock that will pay an annual dividend of $1.90 per share next year. You require a 12 percent rate
Luba_88 [7]

Answer:

The correct answer is $2.43.

Explanation:

The annual dividend is $1.90.

The expected rate of return is 12%.

The growth rate is 3.5%.

The current stock price will be

=\frac{dividend}{required rate of return-growth rate}

=\frac{1.90}{12-3.5}

=\frac{1.90}{0.085}

=$22.35

The stock price at year 3 will be

=\frac{dividend*(1-growth rate)^3}{required rate of return-growth rate}

=\frac{1.90*(1+0.035)^3}{12-3.5}

=\frac{1.90*1.10}{0.085}

=$24.78

The capital gain will be

=stock price at year 3-current stock price

=$24.78-$22.35

=$2.43

8 0
3 years ago
Going to college, getting married, and winning the lottery are all examples of
Nady [450]

Answer:

False

Explanation:

8 0
2 years ago
Read 2 more answers
If you had the power to decide which substance should be legal and which should not, what criteria would you use in making your
AlekseyPX
The use of the substance, long term affects, and the substance affect on those around the person using it.
7 0
3 years ago
Assuming purchase costs are declining and a periodic inventory system is used, determine the statements below which correctly de
Gnesinka [82]

Answer:

A. In a situation where prices are declining, companies using LIFO will report the smallest cost of goods sold.

- This is because LIFO calculates goods sold as Last in, First Out. And since the cost is declining, the last in inventory will have the smallest cost of goods sold.

C. Weighted average cost of goods sold will be between FIFO and LIFO costs of goods sold.

- Whether the cost of goods are rising or falling, this will always be the case.

D. Companies using LIFO will pay higher taxes than companies using FIFO, assuming all else being equal.

- This is because when using LIFO in this scenario, higher profits would be recorded and the tax is paid on profit, thus higher taxes.

F. Companies using LIFO will report the highest ending inventory on their balance sheets (as compared to companies using FIFO or weighted average,)

- This is simply because in this scenario, the LIFO sold the cheaper goods first leaving an ending inventory of the relatively expensive goods unlike FIFO which would have sold the expensive first. Again, emphasis on this scenario of declining cost.

8 0
3 years ago
Other questions:
  • You are considering acquiring a firm that you believe can generate expected cash flows of $10,000 a year forever. However, you r
    10·1 answer
  • Suppose that in slovakia one unit of labor can produce either 16 tons of wheat or 32 tons of soy and in poland one unit of labor
    9·1 answer
  • Which is the most accurate statement about trade?
    5·1 answer
  • Managers are important members of the organization. Within an organization, there are managers at four levels: top, middle, firs
    15·1 answer
  • Roland Enterprises, an American company, has a manufacturing facility in France in order to serve customers throughout Europe. R
    8·1 answer
  • Oriole Company made the following journal entry in late 2021 for rent on property it leases to Danford Corporation. Cash 153000
    11·1 answer
  • Assume that the fair values of the investee's net assets approximated the recorded book values of the investee's net assets, exc
    14·1 answer
  • Can i go to business school
    8·2 answers
  • A problem in developing effective compensation for teams is that: Multiple choice question. rewarding individuals erodes cohesiv
    13·1 answer
  • Managerial economics can be applied to the non-profit organizations too. Justify this statement?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!