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kakasveta [241]
4 years ago
5

Laura offered to sell Louis a tract of land. The offer was complete and certain as to all material terms. The offer stated that

a telegraphed acceptance was required. Within a reasonable time, Louis telephoned Laura to accept. Which of the following is a true statement about this situation?
A) Louis can use promissory estoppel to enforce a contract here.
B) Louis's telephone call would be a good acceptance as this case involves a sale of goods.
C) Louis has not accepted and there is no contract.
D) Louis has accepted because a telephone call is a reasonable means of acceptance.
Business
1 answer:
34kurt4 years ago
7 0

Answer:

C) Louis has not accepted and there is no contract.

Explanation:

In this scenario, Laura offered to sell Louis a tract of land. The offer was complete and certain as to all material terms but the offer stated that a telegraphed acceptance was required. Within a reasonable time, Louis telephoned Laura to accept but this doesn't translate to acceptance because Louis has not done the needful to present or send a telegraphed acceptance.

Hence, in this situation, Louis has not accepted and there is no contract yet.

Under the Uniform Commercial Code (UCC), an offer has been accepted only when Louis (the offeree) performs the requisite act by Laura (the offerer).

In this case of selling a tract of land, a telegraphed acceptance is the authorized and authentic means of communication of acceptance.

Additionally, a Uniform Commercial Code (UCC) is a legal principle, regulations and standard set of laws for transactions of business between two or more parties.

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Jenny earns $44,500 in 2016. calculate the fica tax that must be paid by:
Fynjy0 [20]
Given that Jenny earned $44,500 in 2016.

Her contribution to the Social Security is given by: 6.2% of $44,500 = 0.062 x 44500 = $2,759

Her employer's contribution to the Social Security is given by: 6.2% of $44,500 = 0.062 x 44500 = $2,759

Her contribution to the medicare is given by: 1.45% of $44,500 = 0.0145 x 44500 = $645.25

Her employer's contribution to the Social Security is given by: 1.45% of $44,500 = 0.0145 x 44500 = $645.25

Therefore, her total FICA tax is 2(2,759) + 2(645.25) = $5,518 + $1,290.50 = $6,808.50
8 0
4 years ago
A business has a 60% chance of making profits in any given month of the year. For the first 9 months of 2019, the business made
Verizon [17]

Answer:

60%

Explanation:

The answer is already given that ANY given month of the year, they have a 60% chance of making profits. The probability wont change since its a constant fact and unless their business improved or something tipped the scales to their favor then the probability is always 60%

8 0
3 years ago
A product that passes test-marketing is ready for market introduction, which is called ____, a step that requires extensive logi
nataly862011 [7]

Answer: Rollout

Explanation:

A product that passes test-marketing is ready for market introduction, which is refered to as rollout.

Rollout is simply a business term that is used for the introduction of a new product and it's integration to the market. The rollout is the product release, and this is usually accompanied by a marketing campaign in order to attract the interest of the consumer.

8 0
3 years ago
A bond portfolio and a stock portfolio both provided an unrealized pretax return of 8% to a taxable investor. If the stocks paid
tankabanditka [31]

Answer:

A bond portfolio and a stock portfolio both provided an unrealized pretax return of 8% to a taxable investor. If the stocks paid no dividends, we know that the ________.

The after-tax return of the stock portfolio was higher than the after-tax return of the bond portfolio.

Explanation:

The returns from the bond portfolio are taxed at the corporate rate while returns from stock investments are taxed at a lower rate.  It is well-known that the risks from stock are higher than the risks from bonds.  As a result, the stock investments always attract higher returns and less tax, as the investor can postpone the tax for a longer term.   Again, stock investments can be for the long-term unlike bonds that have defined periods.

7 0
4 years ago
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Lana71 [14]

Answer:

an apprenticeship done on the job

Explanation:

An apprenticeship is a method for tutoring new practitioners of a profession.  It entails on-the-job training coupled with some study (classroom work and reading). Apprenticeship is provided by a skilled, experienced, and licensed professional. The apprentice gets to learn practical aspects of a profession while earning.

Aryn would be best with an apprenticeship as she will not spend a lot of time in class. She will, however, acquire the skills she needs. Some apprenticeship may lead to certification.

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