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-Dominant- [34]
3 years ago
7

Fact Pattern 12-2A

Business
1 answer:
uranmaximum [27]3 years ago
3 0

Answer:A. unenforceable due to the preexisting duty rule.

Explanation: Preexisting rule is a common rule in law that is concerned with contractual agreement or obligations.

The pre-existing rule tends to state that when two parties in a contract have already agreed to the contract terms and conditions through signatures etc, any other request by any party to the modification of the contract can not be binding on either of the parties involved in the contract.

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Suppose a large apartment complex is infested with cockroaches that have never been exposed to glucose-baited poison. a new tena
lord [1]
<span>The success of the glucose-averse cockroaches in their new environment depends on the future use of glucose-baited poison in the apartment. If glucose-baited poison is not used, it is likely that the resident cockroaches will outcompete the new cockroaches, as the resident cockroaches will not exclude glucose-containing foods from their diet. However, the use of glucose-containing poison in the apartment will provide the new cockroaches a distinct selective advantage, as they will survive to reproduce, whereas the majority of the resident cockroaches will die.</span>
7 0
3 years ago
9. Each of the following is a business expense, except payment for *
Nadya [2.5K]

Answer:

equipment

Explanation:

Equipment refers to tools or machinery used in the production of other goods and services for sale. They are not consumables, nor are they meant for sale. Equipment is treated as assets of the business.

Payments for assets is not an expense.  Since the equipment will be used in many financial periods, its cost cannot be assigned to the purchase year alone. Payment for the equipment is treated as a capital or asset acquisition.

3 0
3 years ago
XYZ Development, Inc. leases commercial space to businesses. Most of the leases are long-term, from five to fifteen years in len
xeze [42]

If the previous year did not see more than a five percent increase in these costs, there is no change in the rent, the clause will be the Escalator clause.

<h3>What is a clause?</h3>

It's a particularly precise clause in a legal agreement that refers to a key point of agreement between the contracting parties. A clause establishes the terms wherein the parties will conduct during the terms of the contract.

Terminology in a sales contract that raises your purchase price by a specific amount above competing offers till the offer reaches its maximum price you're ready to pay is called an escalation clause.

This will help to enhance the appeal of an offer, it also informs the seller of the exact amount you're willing to spend. This will also help to negotiate on price to make the deal close.

Therefore, the correct answer will be the Escalator clause.

Learn more about the clause, here:

brainly.com/question/14545158

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8 0
2 years ago
Who are venture capitalists? A. investors who see growth of a company but invest using other people’s money B. buyer who convert
lorasvet [3.4K]

Answer:

A. investors who see growth of a company but invest using other people’s money

Explanation:

A venture capitalist is an employees of a venture capital firm . These capitalists are private equity investors who provide capital to business startups and small businesses using other people's money held in a fund. Even though these businesses have the potential for exponential growth, they usually have a high risk. Additionally, if the startup goes under, they are not obligated to pay back these venture capitalists.

3 0
4 years ago
George Jefferson established a trust fund that will provide $170,500 per year in scholarships. The trust fund earns an annual re
Dimas [21]

Answer:

$8,119,048

Explanation:

Given that,

Amount of scholarships = $170,500 per year

Trust fund earns an annual rate of return = 2.1 percent

Let x be the amount contribute to the fund and assuming that only income is distributed,

2.1% of x = Amount of scholarships

0.021x =  $170,500

x = $170,500 ÷ 0.021

  = $8,119,048

Therefore, the amount of money that is contributed by the George Jefferson to the trust is $8,119,048.

4 0
3 years ago
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