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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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Piscataway National Bank pays compound interest on savings accounts, but at different rates depending on the amount of the accou
Natasha2012 [34]

Answer:

It will take 4.2 years

Explanation:

The amount due in the future when a sum of money is invested at a particular interest rate for certain number of years is called Future or compound value.

To calculate the compound value, we use the formula below:

FV = PV * (1+r)^n

FV- future value, PV - Present value, r - interest rate, n - number of years

In this question,

FV - 15,000, PV- 5000, r -3%, n- ?

Substituting this value we have:

15,000 = 5000 × (1+0.03)^n

15000 = 5000 ×  1.03^n

1.03^n = 15,000/5000

1.03^n = 3

log 1.03^n = Log 3

n = Log 3/log 1.03

n = 4.18735

It will take about 4.2 years for the account to reach $15,000

3 0
3 years ago
If disposable income increases by $5 billion and consumer spending increases by $4 billion, the marginal propensity to consume i
miss Akunina [59]

Answer: 0.8.

Explanation: um hm.

7 0
3 years ago
Read 2 more answers
How have airplanes changed the way the world does business? choose four answers
Rama09 [41]

Airplanes changed the way the world does business by decreasing the cost of long-distance travel and improving the speed with which it may be completed. This is further explained below.

<h3>What are Airplanes?</h3>

Generally, is simply defined as an airplane, a motorized aircraft with fixed wings that displaces more air than it weighs.

In conclusion, new trade and employment possibilities can be accessed with little disruption to existing business operations.

Read more about Airplanes

brainly.com/question/17247837

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3 0
2 years ago
On January 1, 2020, Morgan Enterprises issued 8%, 20-year bonds with a face amount of $5,000,000 at 101. Interest is payable ann
adell [148]

Explanation:

The journal entries are shown below:

1. Cash A/c Dr  $ 5,050,000

             To Bonds payable A/c $5,000,000

             To Premium on Bonds payable A/c $50,000

(Being bond is issued)

2. Interest Expense A/c Dr $3,97,500

   Premium on bonds payable A/c  $2,500        ($50,000 ÷ 20)

                    To Interest payable A/c           $400,000       ($5,000,000 × 8%)

(Being the interest expense is recorded)

7 0
3 years ago
What is the key to success?
Alisiya [41]
Honesty and working hard.
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3 years ago
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