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
Sidana [21]
3 years ago
12

Lyle and Miranda agree that Lyle will fix the refrigeration unit in Miranda's Bagel Café in exchange for her payment of a debt t

hat Lyle owes to New Credit Corporation. Under this contract, the intended beneficiary is
Business
1 answer:
-Dominant- [34]3 years ago
4 0

Answer:

New Credit Corporation.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

Also, mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.

In this scenario, Lyle and Miranda agree that Lyle will fix the refrigeration unit in Miranda's Bagel Café in exchange for her payment of a debt that Lyle owes to New Credit Corporation. Under this contract, the intended beneficiary is New Credit Corporation as agreed upon by Lyle and Miranda.

An intended beneficiary can be defined as a third-party deemed to be the recipient of an action with respect to the execution of a contract.

You might be interested in
True or false: If Dogs R Us overstates ending inventory on the balance sheet, then total equity on the balance sheet will be ove
ANEK [815]

Answer:

True

Explanation:

The statement is true

6 0
2 years ago
Which best explains how the law of demand affects consumers?
yuradex [85]
It helps tell producers when a price is too high
6 0
3 years ago
Fiscal policy would be more effective if: a. crowding out occurred more often. b. the government could change taxes and expendit
Elodia [21]

Answer:

B) the government could change taxes and expenditures rapidly.

Explanation:

Fiscal policy is the government's spending and taxation policies carried out to influence the country's economy. The government can carry out an expansionary fiscal policy by reducing taxes or increasing spending to try to boost the economy, or it can carry out a contractionary fiscal policy that increases taxes and reduces spending to try to cool down the economy.

Expansionary fiscal policies are carried out to try to increase total aggregate demand, but it also increases the government's deficit and national debt. The main gals of fiscal policy should be to lower unemployment rate and achieve a sustainable economic growth.

4 0
3 years ago
he following information relates to a company’s aggregate production planning activities: Quarter Demand Forecast 1 37,500 2 45,
Evgen [1.6K]

Answer:

20,000 units

Explanation:

Number of units in inventory at the end of quarter 3

= 3(42,500)

=127,500

Hence:

127,500- 37,500-45,000-25,000

= 20,000 units

Therefore if production strategy is used the number of units in inventory at the end of quarter 3 is 20,000 units

5 0
3 years ago
Which industry has been relying on neural network technology for over two decades?
sattari [20]
The Finance industry
4 0
3 years ago
Other questions:
  • The terms “production-oriented leaders” and “employee-oriented leaders” are associated with which research effort to identify th
    7·1 answer
  • Why would a company choose to outsource? what are the advantages and disadvantages to outsourcing?
    5·2 answers
  • Striker 44 Corporation produces a part that is used in the manufacture of one of its products. The costs associated with the pro
    11·1 answer
  • The Question is in the photo ^ is it True or False?
    15·2 answers
  • This year Randy paid $28,000 of interest. (Randy borrowed $450,000 to buy his residence, which is currently worth $500,000.) Ran
    8·1 answer
  • When a product’s components are made in the country that can produce them at a high level of productivity and assemble them in a
    13·1 answer
  • What is the primary task of the Federal Reserve​
    9·2 answers
  • What focuses on how individual users logically access information to meet their own particular business needs?
    7·1 answer
  • Flanders Company purchased an asset on January 1, 2021 for $60,000. The asset has an estimated salvage value of $3,000. Its esti
    7·1 answer
  • A private warehouse requires a high volume of warehouse throughput for efficient operation. which is the best reason for this?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!