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Elenna [48]
3 years ago
15

Cheap Motorcycle. Tony, a hateful, disgruntled business law professor, notices that Peter, a student who is past the age of majo

rity, has bought a new motorcycle. Peter has struggled through school, is in his last semester, and needs to pass business law in order to graduate. Tony tells Peter that he would like to see Peter pass, and in the next sentence, Tony says that he wants to buy the motorcycle for $100, a price far below the value of the motorcycle. Peter asks if Tony is serious about the price, and Tony replies, "I have the power here!" Tony proceeds to draw up a contract for the sale of the motorcycle for $100 with lots of fine print by which he can sue Peter and recover any maintenance costs for the next five years. Seeing that he is at an advantage, Tony also throws into the deal that Peter will mow Tony's one-acre yard for $5 all summer long. After Tony tells Peter to either take the contract or leave it, Tony reluctantly signs. Which of the following is an appropriate term for the contract drawn up by Tony?
A) AdhesionB) Implied-in-lawC) IllusoryD) In pari delictoE) Exculpatory
Business
1 answer:
Yuki888 [10]3 years ago
7 0

Answer:

C) Illusory

Explanation:

More than an illusory contract (which means an unreasonable and non-enforceable contract), this is an unconscionable contract that no court would enforce.

This contract is so one sided that it damages the other party. The duties in clued in this contact are not enforceable because no person should be forced to do all those things just because the other party has more bargaining power.

Out of the 5 possible options the illusory contract is the only possible choice. Illusory contracts are also non-enforceable since only one side provides real consideration.

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3 years ago
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Faller and Whitney Company, a firm that builds enterprise resource planning products for customers, wants to implement training
Arisa [49]

Answer:

Faller and Whitney should perform an organization analysis in order to assess the training needs within the organization.

Explanation:

A training instructional design process is a process that systematically develops training procedures to meet specific needs.

The steps involved in the development of an instructional design process are:

  1. Determine needs for training : employees that work in what areas and perform what tasks need training
  2. Ensure readiness for training : the employees must be willing to trained
  3. Plan the training program: set the objectives, who will be the trainers, and what methods  will be used
  4. Implement training program
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3 years ago
A(n) dr plan ensures that critical business functions continue if a catastrophic incident or disaster occurs. _____
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A(n) dr Business Continuity Plan ensures that important commercial enterprise functions continue if a catastrophic incident or catastrophe happens.

A business is described as an enterprise or enterprising entity engaged in industrial, industrial, or expert activities. companies can be for-earnings entities or non-profit agencies. business sorts a variety from limited liability businesses to sole proprietorships, agencies, and partnerships.

An enterprise reason describes the cause, or reason, that an organization becomes, to begin with based. It describes what makes a commercial enterprise precise, in addition to what the commercial enterprise plans to do. A business case isn't always an undertaking or price announcement and is a good deal shorter than each. commercial enterprise ethics refers back to the standards for morally right and wrong behavior in business. law partially defines the conduct, however “legal” and “moral” are not always the same. commercial enterprise ethics enhances the law by outlining acceptable behaviors beyond government control.

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2 years ago
Which of the following is a good question to ask during an informational interview?
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What was your education/trading path ?

3 0
3 years ago
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Your grandmother has been putting $1,000 into a savings account on every birthday since your first (that is, when you turned one
lukranit [14]

Answer:

The amount in the account on the  18th birthday = $ 25,645.41

Explanation:

<em>The investment can be described as an ordinary annuity. An ordinary annuity is a series of equal periodic cash flows that  occur for a certain number of years</em>

<em>The amount the invest will accrue principal plus interest is known as the f</em><u><em>uture value</em></u><em> of the annuity</em>

It is determined as follows:

<em>FV = A ×  ( (1+r)^n -1  ) / r</em>

FV - ?,  A = 1000.  r - 4%- 0.04, n - 18

FV = 1,000× ( ( (1.04)^(18) - 1 )/ 0.04

    = 1,000 ×  25.64541288

    = $ 25,645.41

The amount in the account on the  18th birthday = $ 25,645.41

5 0
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