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
kumpel [21]
3 years ago
9

Business Law - Case: Contract Law

Business
1 answer:
Brilliant_brown [7]3 years ago
3 0

Answer:

The issue is whether Joe is liable to pay for Bob to Avarice Bank or not.

Joe should prevail.

Explanation:

The original contract is between bank and Bob and in that contract Joe is not involved. Secondly payment on someone' behalf always has to be a written contract.

According to UCC, suretyships have to be written for them to be enforceable. This is mentioned in Statute of Frauds. It clearly states that any gurantee by thrid party for payment of debts has to be in writing.

You might be interested in
Current labor market trends include _____.answer.com
miv72 [106K]

an increase in service jobs accompanied by a decrease in manufacturing jobs

3 0
3 years ago
1. Job Searching in the Digital Age When preparing for employment, you must know yourself, know the job market, and know the emp
bazaltina [42]

Answer:

By asking self reflective questions like–

Would I like to work for someone else, or be my own boss?

Explanation:

By so doing, it allows you to know your strengths and can you make right job choices peculiar to you.

For example, a recent college graduate student John who is very skilled at art may examine himself to know if he prefers to open his own art collection or instead would want to work for an art collection company.

4 0
3 years ago
For the 179 parts that account for approximately 70% of dollars spent last year on stock, what inventory accuracy would apics re
Murljashka [212]

Inventory purchasing is higher

8 0
3 years ago
Read 2 more answers
Maura had to get a $350 emergency loan at a very high interest rate to pay for dental work. The lender did not need her credit h
Luba_88 [7]

Answer:

It would be A) Raina is correct because the loan is a line of credit.

Explanation:

7 0
3 years ago
A segment has the following data: Sales $720000 Variable expenses 310000 Fixed expenses 550000 What will be the incremental effe
Dmitry [639]

Answer:

The net income will be decreased by $410,000.

Explanation:

Net Income: The resultant amount after reducing all expenses of the company whether direct or indirect for the period from all revenues is termed as net income.

Sales: Sale of any goods or services can be made on a cash or credit basis. The amount receivable on sale can either be received immediately in cash or such a payment can be received at some future date. In case of sale is being made on a credit basis the company maintains an account of such customer in its books as Debtor or Accounts Receivable.

Expenses: It is the amount incurred by the organization to generate revenue. It is shown in the income statement as the debit side.

Variable cost: This is the cost which directly varies with a change in sales. It means to increase/ decrease in sales revenue will have a direct effect on variable cost. There is a linear relation between sales and variable cost.

This cost remains fixed per unit but changes in totality. Examples of variable cost are the cost of raw material purchased, direct wages, etc.

Fixed Costs: It is the cost that remains the same irrespective of the level of production in the firm.  It remains constant throughout the production. It is a part of the total cost to run a business along with the variable cost.

Contribution Margin: It represents the excess of sales over its variable cost. It judges whether the company is able to cover its variable cost and contributes towards the fixed cost .The net income will be decreased by $410000 decrease

6 0
3 years ago
Other questions:
  • Effects of containerisation,..... 10 points
    9·1 answer
  • The Ashwood Company has a long-term debt ratio of 0.50 and a current ratio of 1.60. Current liabilities are $970, sales are $5,1
    9·1 answer
  • Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct
    12·1 answer
  • What do individual shareholders gain when they buy shares of a company’s stock?
    13·1 answer
  • Marketing research will
    14·2 answers
  • The study of behavior in situations of interdependence is known as
    9·1 answer
  • When purchasing a vehicle which of the following would initially offer the lowest monthly payment
    14·2 answers
  • Recalling the competency pyramid studied in this chapter, what is the difference between a personal competency and an academic c
    6·1 answer
  • Refer to the following financial statements for Crosby Corporation:
    10·1 answer
  • Products that are difficult to move out of a plant once they are manufactured, such as ocean-going vessels and room-sized murals
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!