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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

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The next dividend payment by Savitz, Inc., will be $1.68 per share. The dividends are anticipated to maintain a growth rate of 6
olasank [31]

Answer:

The answer is 11.25%

Explanation:

Solution

Given that:

The next step to take is to calculate the required rate of return which is shown below:

The required rate = D₁/P₀₀ + g

Thus,

$1.68/$32 + 0.06%

=0.0525 + 0.06

=0.1125 or 11.25%

Therefore, the required rate of return is 11.25%

7 0
3 years ago
The union and management agreement that allows non-union people to be hired but requires that they join the union after a probat
Sergio039 [100]

Answer:

Union.

Explanation:

Collaborative bargaining can be defined as a strategic process which typically involves a formal negotiation between an employer of labor (top executive or management) and a union representing the employees working in an organization so as to both reach an agreement on minimum wage, benefits and other pertinent working conditions.

The union and management agreement that allows non-union people to be hired but requires that they join the union after a probationary period creates the union shop.

Under a union shop, employers are saddled with the responsibility of either employing only labor union members or require that all new employees that aren't members of the union as at the time of employment become members after a probationary period i.e within a specific period of time.

3 0
3 years ago
A __________ is a very severe recession that is usually accompanied by deflation.
nikdorinn [45]

Answer:

e. Depression

Explanation:

A recession occurs when there are repeated fall in gross domestic product (GDP) to a severe extent.  During this period, a country can experience a significant decline in economic activity spread across the economy, prices then stay at low and could last for months; this describes a deflation that follows depression. A recession on the other hand occur after a country's economic activity reaches its peak of activity.

6 0
3 years ago
Expenses of education to improve or maintain existing skills are deductible as a miscellaneous itemized deduction even if the ed
labwork [276]
The right answer for the question that is being asked and shown above is that: "TRUE." Expenses of education to improve or maintain existing skills are deductible as a miscellaneous itemized deduction even if the education incidentally leads <span>to qualification in a new job or business. </span>
6 0
3 years ago
Acne company has an agreement with a major credit card company that calls for cash to be:____
Elenna [48]

Acne company has an agreement with a major credit card company that calls for cash to be <u>a </u><u>variable</u><u> </u><u>cost</u>.

Variable costs are fees that change as the extent of modifications. Examples of variable charges are raw substances, piece-rate hard work, production substances, commissions, shipping fees, packaging materials, and credit card costs. In a few accounting statements, the Variable fees of manufacturing are referred to as the “cost of goods offered.”

A variable cost is a price that adjustments in share to manufacturing output or income. While manufacturing or income boom, variable expenses increase; when production or income lower, variable prices lower.

Variable value system. To calculate variable costs, multiply what it costs to make one unit of your product via the full range of merchandise you've got created. This method looks like this: overall Variable charges = value in keeping with Unit x overall variety of units.

Learn more about variable costs here brainly.com/question/13896920

#SPJ4

7 0
2 years ago
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