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
Galina-37 [17]
3 years ago
6

Big Equipment Company sold a tractor-scraper to Ace Paving for $125,000. Ace made a down payment of $25,000 and agreed to pay th

e balance to Big Equipment in monthly installments at 4% interest. In typing up the contract, some of the digits in the vehicle identification number were inadvertently transposed. Ace has stopped making its monthly payments and Big Equipment wants to sue Ace, but it must first put the correct VIN in the contract. The remedy courts use to correct contract errors like this is _______________.a. Reformationb. Rescissionc. Restitutiond. Specific performance
Business
1 answer:
miv72 [106K]3 years ago
7 0

Answer:

a. Reformation

Explanation:

In the given instance, it is clearly observed that the Vehicle Identification Number is not correctly written in the contract, and that happened due to typing errors, and was not intentional.

In these cases the courts order to reform the contract, and then the reformed contract shall reflect the intentions of both the parties as what they intend.

In the given case also, reformation will take place as the error is not due to intentionally, fraud with the other party. Thus correct option is:

a. Reformation

You might be interested in
Find the present value of $19,000 in 11 months at 5.1% interest
dem82 [27]

Answer:

$19,886.396

Explanation:

Given :

Interest rate = 5.1% = 5.1

Principal = $19000

Period = 11 months = (11/12)year

The present value of 19000 in 11 months at 5.1% interest Can be obtained using the relation:

PV = P(1 + r)^n

PV = 19000(1 + 0.051)^(11/12)

PV = 19000(1.051)^(11/12)

PV = 19000 * 1.0466524

PV = 19886.396

Hence, the present value is $19,886.396

5 0
3 years ago
Advertisements that feature promotions such as buy-one-get-one-free offers essentially signal that customers will get value in s
asambeis [7]

Answer:

<em>a. discriminative stimuli. </em>

Explanation:

Discriminative stimulus is a concept used as a step in the process recognized as operant conditioning in classical conditioning.

A discriminative stimulus is a form of stimulation which is regularly used to elicit a particular response and increases the likelihood of the intended response.

6 0
2 years ago
The money spent on domestically produced final goods and services: Group of answer choices is equal to exports minus imports. is
Ad libitum [116K]

Answer:

Explanation:

The money spent on domestically produced final goods and services: is equal to GDP.

<u>Gross domestic product, or GDP, is the total value of all final goods and services produced in the economy during a given year. </u>

GDP is used as a measure of the size of an economy and can also be used to compare the economic performance in other countries.

3 0
3 years ago
When determining the value of raw land, there is a relatively fixed amount of _________; therefore, the value of land is primari
Ilya [14]
<span>When determining the value of raw land, there is a relatively fixed amount of supply; therefore, the value of land is primarily determined by demand?

Because land isn't something we can just add in to the world, there is a fixed amount of supply available to us as a resource. When the supply becomes scarce, it is easy for the value of land to go up because if demand is high and there is a low amount the price can be higher since there is less competition of the same. </span>
7 0
2 years ago
Each unit requires 0.25 direct labor-hours and direct laborers are paid $14.00 per hour. In addition, the variable manufacturing
pshichka [43]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Each unit requires 0.25 direct labor-hours and direct laborers are paid $14.00 per hour. In addition, the variable manufacturing overhead rate is $1.60 per direct labor-hour. The fixed manufacturing overhead is $95,000 per quarter.

Direct labor per unit= 0.25*14= $3.5

Direct labor equation= 3.5*x

x= units produced

For example:

100 units

Direct labor= 3.5*100= $350

7 0
3 years ago
Other questions:
  • A customer buys 100 shares of DEFF stock at $150 per share. During the first year of owning the stock, the customer receives $45
    12·1 answer
  • A payment is said to be ________________ if it is automatically adjusted for inflation. cross referenced indexed matched maintai
    9·1 answer
  • Significant data shows that bad physicians are the ones who get sued hcr
    12·1 answer
  • Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its
    6·1 answer
  • Assuming no direct factory overhead costs (i.e., inventory carry costs) and $3 million dollars in combined promotion and sales b
    9·1 answer
  • Spinal nerves exiting the cord from the level of L4 to S4 form the ________. Spinal nerves exiting the cord from the level of L4
    7·1 answer
  • When the price of oil ——————
    5·1 answer
  • The PPP theory fails in reality for all of the following reasons EXCEPT Group of answer choices monopolistic or oligopolistic pr
    13·1 answer
  • A possible cause of favourable material price is
    12·1 answer
  • which situation indicates a weak internal control structure? a. the mail room clerk authorizes credit memos b. the warehouse cle
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!