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il63 [147K]
4 years ago
9

In a contract each party has what

Business
2 answers:
Nataly_w [17]4 years ago
6 0
Each party has legal obligations in the agreement/contract, and which they connectedly exchanged of value whether it was a product, service, money, etcetera. 
lana [24]4 years ago
4 0

Answer:

Obligation and responsibility.

Explanation:

Contract is a legally binding agreement that serve as a guide to the actions of the parties involved in a employment , lease , sales ,tenancy or business agreement.

It is supported with offer , acceptance of offer and legal valuation.

Every party in a contract agreement has right and obligations relative to others , but that does not mean that every party has equal right as the legal condition binding the contract might state otherwise.

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5. Explain what would happen to interest rates if a new process was developed that allowed automobiles to run off oil that was f
guapka [62]

Answer:

When the new processes are developed for manufacturing it results in interest rate fluctuations. However, operational costs would become uncertain which would further affect the total production costs. Thus the value of an investment would be impacted. Automobile demand from the customers will also get affected. thus, fall in interest rate will have a significant and positive affect on the sale of automobiles as well as revenue.

8 0
3 years ago
Sommer Corporation began the year with cash of $130,000 and land that $55,000. During the year Sommer earned service revenue of
kirza4 [7]

Answer:

How much net income (or net loss) did Sommer experience for the year?

$11000

Explanation:

earning                  280000

Expenses salaries  159000

Expenses rent           85000

Expenses Utilities   25000

Net Income             11000

4 0
3 years ago
The market for corn in country A is highly competitive. At the current market price of​ $5/bushel there is a shortage of​ 100,00
Paladinen [302]

Answer:

The answer is: A) Farmers will substitute the production of other agricultural goods? (like soybeans) with corn.

Explanation:

When the price of a certain product increases so steeply, new suppliers will enter the market to offer their products.

Since farmers can only produce one crop at the time in a certain lot, they will always tend to produce the crop that gives them the highest profit. In this case if corn becomes very expensive, it is reasonable to assume that more farmers will produce corn by substituting others crops (like soybean or wheat).

5 0
4 years ago
Farmer Jones raises several hundred acres of corn and would suffer a significant loss should the price of corn decline at harves
evablogger [386]

Answer:

The correct answer is C. hedging.

Explanation:

Coverage, in finance, is the set of operations aimed at canceling or reducing the risk of a financial asset or liability in the possession of a company or an individual. Funds created for this purpose are called hedge funds.

The hedging operations consist of the acquisition or sale of a financial asset that is correlated with the element on which the coverage is to be established. Said acquisition or sale may be of shares, indices, interest rates, options, futures, etc.

7 0
3 years ago
Write a two- to three-paragraph response discussing whether you think the patent system is useful and beneficial. Why do you thi
mihalych1998 [28]

Answer:

The answer is below

Explanation:

Patent is a term that describes a governmental grant or legal right to inventors of an intellectual property, to refrain or stop others from making, using, selling or importing their invention to and from other country.

Patent system is useful and beneficial because of the following reasons:

1. It allows an inventor the right to stop others from copying, manufacturing, selling or importing individual's invention without the person's permission. This will surely encourage invention from other people, which will lead to more technological advancement in the country.

2. It gives an inventor protection for a pre-determined period. This helps to refrain competitors from competing with the inventor, and in turn, leads to profit maximization for the inventor.

3. It also allows the inventor to license patent for others to use it or can sell. This can be considered as a great source of revenue for inventor's business, by collecting royalties from a patent they have licensed, often in a combination with a registered design and trade mark.

7 0
3 years ago
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