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BlackZzzverrR [31]
3 years ago
13

Marissa gives Larry a check in payment for a computer that she is buying from him. She writes the check to Cash. Larry then give

s the check to Gary Graduate his nephew, without indorsing it, as a graduation gift. Marissa then stops payment on the check because she claims that Larry breached the contract. When the check bounces, Gary makes a claim against Marissa for the amount of the check. Marissa responds that Gary cannot collect on the check since Larry breached the contract. What type of defense is this
Business
1 answer:
Lena [83]3 years ago
8 0

Answer: personal

Explanation:

Based on the information given with regards to the question, this is a personal defense. A personal defense occurs when there's a breach of contract whereby there was issuing of the negotiable instrument.

In this case, Marissa writes the check to Cash but Larry then gives the check to Gary Graduate his nephew, without indorsing it, as a graduation gift

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Health Care Event Protection
Genrish500 [490]

Answer:

$ 132,500

$4,250

$9000

Explanation:

From the given information:

Christina Haley of San Marcos who's aged 57 years recently suffered from stroke.

She was in intensive care for 3 days and was hospitalized for 10 more days

Total bill = $135,500

After Discharge;

she spent 25 days in a nursing home at a cost of $170 per day

Amount earned by Christiana per month at her work = $4500

She missed 2 months of going to work.

Christina had a health insurance plan through her employer.

The policy had a $1,000 deductible and an 80/20 coinsurance clause with a $2,000 coinsurance cap

1. How much of Christina’s direct medical expenses was paid by her insurance policy?

The amount the insurance policy paid  can be known by the expression:

= Total bill amount for the care - deduction for policy - coinsurance cap

= $135,000 - $1000 - $2,000

= $ 132,500

2. What did Christina have to pay for her nursing home care?

We are being told that She spent 25 days in a nursing home at a cost of $170 per day

Thus; the amount  Christina have to pay for her nursing home care = 25 × $ 170

= $4,250

3. How much income did Christina lose?

We knew she missed two months from work and she collect $4500 per month.

Thus the amount of income she lose =  $4500 × 2

the amount of income she lose = $9000

5 0
3 years ago
If you’re thinking about a career as an applied mathematician, you should consider researching the_cluster. Within this cluster,
Alexxandr [17]

Within this cluster, you'll find that most of the careers require in order to have the knowledge and skills nee. If you're thinking about a career as an applied mathematician, you should consider researching the (STEM, Information Technology, or ArtsA/V Technology and preforming arts) cluster.

8 0
3 years ago
Read 2 more answers
[The following information applies to the questions displayed below.] Laser Delivery Services, Inc. (LDS), was incorporated Janu
Rasek [7]

Answer:

a.

Date          Account Details                                  Debit                       Credit

                 Cash                                                $27,000

                 Common Stock                                                                 $27,000

b.

Date          Account Details                                  Debit                       Credit

                 Land                                                 $9,000

                  Notes Payable                                                                  $9,000  

c.

Date          Account Details                                  Debit                       Credit

                 Vehicles                                           $18,000

                 Cash                                                                                 $2,000

                 Notes Payable                                                                 $16,000

d.

Date          Account Details                                  Debit                       Credit

                 Vehicles                                               $800

                 Cash                                                                                    $800

e. This does not require a journal entry as it is a personal transaction.

3 0
3 years ago
Determine the amount to be paid in full settlement of each invoice, assuming that credit for returns and allowances was received
mojhsa [17]

Answer:

(a) Payment =  $4,459

(b) payment = $4,120

Explanation:

solution

we know that Payment will be here

in 1st part (a)  

payment = Mercahndise - sales and allwances - discount + frieght    ..............1

so here

Discount = (merchandise - sales return and allowance) × Discount%     .........2

put here value

Discount =  ( 5,700 - 1600 ) × 1%

Discount =  $41

so

from equation 1 payment will be

Payment = 5700 - 1600 - 41+400

Payment =  $4,459

and

in 2nd part (b)  

from equation 2

put the value

Discount  = (4,800 - 800 ) × 2%

Discount  = $80

so

Payment will be here

payment = 4800 - 800 - 80 + 200

payment = $4,120

3 0
3 years ago
Under SEC rules, internal controls over financial reporting (ICFR) are processes that provide reasonable assurance that financia
Aleksandr [31]

Answer:

C. Unauthorized acquisition or use of data or assets that could affect financial statements will be prevented or detected in a timely manner.

Explanation:

Internal Control Financial Reporting is a framework designed to help companies manage their financial reporting and achieve the greater goals of risk assessment, control, information and communication, as well as monitoring. One of the weaknesses that could characterize ICFR is its inability to assure timely prevention and detection of unauthorized acquisition or use of data.

The scheme however ensures that financial records are maintained and that transactions are prepared according to GAAP rules. ICFR ensures that misstatements are detected in financial reporting.

3 0
3 years ago
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