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bogdanovich [222]
3 years ago
6

Joe verbally contracts with Delia to sell his farm to Delia. They do not sign a contract, but Delia takes possession, makes a do

wn payment, and starts making monthly payments. This is evidenced by the down payment check, several monthly checks, and emails. Joe decides after several months to sell his farm to Eli. They sign a contract. If Delia objects to the second sale: __________
a. Della will lose because he did not sign a contract.
b. Delia will lose because the second contract win writing.
c. Delta will win because he partially performed and he can demonstrate the agreement by writings.
d. Delia will becuse he's not merchant
Business
1 answer:
snow_lady [41]3 years ago
8 0

Answer:

a. Della will lose because he did not sign a contract.

Explanation:

The UCC are a set of guidelines that is used for trade transactions to resolve disputes and ensure equity between the buyer and seller.

There are various criteria used to qualify a valid transaction. One of them is that for a non movable asset, it's sale must be under a written contract.

A verbal contract will not suffice and is not binding.

In this scenario where Joe verbally contracts with Delia to sell his farm to Delia, they did not sign a contract and makes a down payment. But Joe decides after several months to sell his farm to Eli.

Since there is no written contract if Delia objects to the second sale she will lose

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Ranchland Properties and Prairie State Investments sign a written contract for a sale of land. In some states, to be enforceable
labwork [276]

Answer:

description of the land

Explanation:

According to my research, many states need for a land sale contract to include a description of the land in order to be able to make the contract enforceable. This is just like when you buy a car, you would like to have photos of the car for the sale. Description as well as photos provide a better understanding of what is being sold.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
A person or business that owes money, goods or services to another
Dmitriy789 [7]
The person is called Debtor.
On the other hand, the person or business that loan money, goods or services is called crediter. The relationship between the two usually designed to be mutually beneficial for each other. While the debtor get the injecton that they need, the creditors will obtain profit in the form of interest.
6 0
3 years ago
Daily demand for a product is 160 units, with a standard deviation of 35 units. The product is ordered on a pre-established (fix
egoroff_w [7]

Answer:

2686

Explanation:

Given that :

Daily demand (D) = 160

Standard deviation (s) = 35

Review period (T) = 5 days

Lead time (L) = 10 days

Number in stock (I) = 30 units

Service probability α = 99%

Quantity to order Q;

Q = D(T + L) + Z*s + √(T + L) - 1

Zscore p(Z < 0.99) = 2.326 = 2.33(Z probability calculator)

Q = 160(5 + 10) + 2.33 * 35 * √(10 + 5) - 30

Q = 160(15) + (2.33 * 35 * 3.8729833) - 30

Q = 2400 + 315.841788115 - 30

Q = 2685.841788115

Q = 2686

5 0
3 years ago
The cash register tape for Sage Hill Industries reported sales of $9,070.30. Record the journal entry that would be necessary fo
natta225 [31]

Answer:

a.

DR Cash .....................................................................$‭9,003.31‬

DR Cash Over and Short.........................................$66.99

CR Sales revenue........................................................................$‭9,070.30

Working

Cash = 9,070.30 - 66.99 =  $‭9,003.31‬

b.

DR Cash .....................................................................$‭9,107.67‬

CR Sales revenue........................................................................$‭9,070.30

CR Cash Over and Short.............................................................$37.37

Working

Cash = 9,070.30 + 37.37 = $‭9,107.67

8 0
3 years ago
Flitter reported net income of $17,500 for the past year company had $200,000 in assets and $50,000 in liabilities. By the end o
lozanna [386]

Answer:

A) 7.0%

Explanation:

Average total Assets = (Opening Assets + Closing Assets) / 2

Average total Assets = (200,000 + 300,000) / 2

Average total Assets = $250,000

Formula for return on assets:

Return on assets = Net Income /Average total Assets

Return on assets = 17,500 / 250,000

Return on assets = 0.07

Return on assets = 7%

Correct option is A) 7.0%

7 0
3 years ago
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