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saw5 [17]
3 years ago
10

Which rule requires that contracts that would normally fall under the statute of frauds and need writing if negotiated by the pr

incipal must be in writing even if negotiated by an agent?
Business
1 answer:
Bezzdna [24]3 years ago
5 0

Answer: The rule that requires that a contract should be written is Equal dignity rule

Explanation:

Equal-dignities rule is a rule in which an agent act according to the authority give ln by the principal. These action are only taken by the agent through following the written authorization.

It is crucial on cases of fraud hence in this rule a contract is considered on in a written form otherwise it may be rejected .

You might be interested in
An incomplete life insurance application submitted to an insurer will result in which of these actions
Viefleur [7K]
No insurance coverage.
3 0
3 years ago
Austin and Erin are willing to pay $10 and $9, respectively, for a ticket to a screening of a new movie. What is the total consu
Rina8888 [55]

Answer:

B) $7

Explanation:

The computation of the consumer surplus is shown below:

Consumer surplus = Willing to pay - Market price

For Austin, The consumer surplus = $10 - $6 = $4

For Erin, The consumer surplus = $9 - $6 = $3

So, the total consumer surplus = $4 + $3 = $7

Simply we deduct the market price from the willing to pay so that the consumer surplus can be computed

8 0
2 years ago
Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $46,4
diamong [38]

Answer:

$5300

Explanation:

Contribution margin for Division B = Sales * Contribution margin ratio

= $243,000 * 20%

= $46,800

Total contribution margin = Division A + Division B

= $46,400 + $46,800

= $93,200

Contribution margin $93,200

Less : Traceable fixed expenses $51,100

Less : Common fixed expenses (plug) $5300

Net operating income $33,800

5 0
3 years ago
The break-even in units sold will decrease if there is an increase in: a. unit sales volume. b. total fixed expenses. c. unit va
s2008m [1.1K]

Answer:

d. Selling Price

Explanation:

Break even point is calculated as \frac{Fixed\ cost}{Contribution\ per\ unit}

Thus, break even point in units only in two cases,

  1. Fixed cost is reduced that is decreased,
  2. Contribution per unit is increased.

Now, here the options are

a. Increase in units sales volume is of no relevance as will not impact the fixed cost or contribution per unit.

b. Increase in fixed cost will result in higher break even point, as numerator in the fraction will increase.

c. Increase in unit variable cost will ultimately decrease the contribution thus, it is of no relevance.

d. Increase in selling price will increase the contribution per unit, that is the increase in denominator value in fraction, thus, break even units will decrease.

Correct option is

d. Selling Price

7 0
3 years ago
Peppy is confident that Pepe's Pizzazzeria will be a success, but only if he has enough money to do things right. Since Pepe has
jekas [21]

Answer:

The correct answer is letter "B": develop a business plan.

Explanation:

Entrepreneurs who lack funds to start their ventures should develop a business plan so it can be presented to prospective investors who will decide if the venture is of their interest or not. The business plan should include the mission and vision of the business as well as a <em>SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis</em> explaining how the business will mitigate its risks and maximize its benefits.

The business plan should be innovative in Peppy's case since pizzerias are very common, thus, Pepe's Pizzazzeria must have a clear competitive advantage to face competitors.

8 0
3 years ago
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