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pshichka [43]
3 years ago
8

What was the result in the Lucy v. Zehmer case (referenced in the textbook) involving whether allegations of joking regarding th

e sale of land prevented the formation of a contract
Business
1 answer:
iogann1982 [59]3 years ago
5 0

Answer:

The Supreme Court ruled in favour of the Complainants, enforcing the contract.

Explanation:

The Lucy Vs Zehmer case was one of decision on if a contract was binding or not on the basis of the undisclosed intentions of the parties involved in the contract. Zehmer alleged that he had jokingly sold and transferred title to Lucy while drunk. However the court ruled that contract for the sale of land to Lucy was valid on the basis that the secret intentions of Zehmer was not known or disclosed in the sale of the land and only his actions count for the contract to be binding.

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A reduction in the number of sellers will shift the supply curve to the right. Please select the best answer from the choices pr
kari74 [83]
That statement would be false

Reducing the number of sellers means that the quantity of the products that available in the market is also reduced

This will cause the curve to move to the left ( it goes right if the quantity of the products is increased)
3 0
3 years ago
Read 2 more answers
Glaston Company manufactures a single product using a JIT inventory system. The production budget indicates that the number of u
dezoksy [38]

Answer:

$ 317,000

Explanation:

Octuber Production:  200,000    

Variable Overhead:      $      0.80 per unit    

Fixed Overhead:        $ 157,000    

     

<u>Factory Overhead Budget for Octobe</u>r:      

   

Octuber Production x Variable Overhead =    <em>200,000 x 0.80 =  160,000</em>      

           

Variable Overhead:  <em>$ 160,000</em>

+  

Fixed Overhead:     <em>  </em><em><u>   $ 157,000</u></em><em> </em>  

     

Total Overhead:<em> </em>      <em>   </em><em>$ 317,000</em><em>    ( $ 160,000 + $ 157,000 )  </em>

4 0
3 years ago
The EOQ model Group of answer choices determines the order size that minimizes total inventory costs. determines when to place a
mel-nik [20]

Answer:

All of the above

Explanation:

The economic order quantity refers to find out the size of order by minimizing the total cost i.e carrying cost and the ordering cost. It also tells when to place an order plus it is very sensitive to change the demand or estimation of the cost

The formula to compute the economic order quantity is

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

Hence, the all of the above option is correct  

6 0
3 years ago
In March 2012, the state of California started requiring that all packaging for food and drink with the additive 4-methylimidazo
Margarita [4]

Answer:

Option E.

Explanation:

In case when Pepsi and Coke did not modify its formulas and keeping other things constant the demand for these goods is shifted to left as the price of the products would decline due to which the profit for both companies would fall

Moreover, the fall in demand is not due to an increase in price but it has harmful chemicals which shifted the demand curve to the left

hence, the correct option is E.

7 0
3 years ago
Tyler has two savings accounts that his grandparents opened for him. one of the accounts pay 6 % 6% annual interest, whereas the
cluponka [151]

Let x = amount invested in 6% account

300 + x = amount invested in 8% account

6%x + 8%(300 + x) = 94

0.06x +0.08(300 + x) = 94

0.06x + 24 + 0.08x = 94

0.14x + 24 = 94

0.14x = 94 – 24

0.14x = 70

x = 70/0.14

x = 500

Amount invested in 6% account = $500

<span>Amount invested in 8% account = $300 + x = $300 + $500 = $800</span>

4 0
3 years ago
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