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3 years ago

What is consideration

Business

1 answer:

geniusboy [140]3 years ago

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con·sid·er·a·tion

Dictionary result for consideration

/kənˌsidərˈāSH(ə)n/

noun

noun: consideration

careful thought, typically over a period of time.

"a long process involving a great deal of careful consideration"

synonyms: thought, deliberation, reflection, contemplation, cogitation, rumination, pondering, meditation, musing, mulling, examination, inspection, scrutiny, analysis, review, discussion; More

attention, heed, notice, regard

"your case needs very careful consideration"

a fact or a motive taken into account in deciding or judging something.

plural noun: considerations

"the idea was motivated by political considerations"

synonyms: factor, issue, point, concern, item, matter, element, detail, aspect, facet, feature, determinant

"his health has to be the prime consideration"

thoughtfulness and sensitivity toward others.

"companies should show more consideration for their employees"

synonyms: attentiveness, considerateness, thoughtfulness, concern, care, solicitousness, solicitude, mindfulness; More

kindness, kindliness, understanding, respect, sensitivity, tact, discretion;

unselfishness, compassion, sympathy, charity, generosity, benevolence, friendliness

"it's time for companies to show more consideration for their local communities"

antonyms: disregard, thoughtlessness

a payment or reward.

"you can buy the books for a small consideration"

synonyms: payment, fee, premium, remuneration, compensation, recompense, emolument, perquisite; More

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Answer:

SUBSTITUTION BIAS

Explanation:

Substitution bias occurs when a customer decides to purchase a substitute of a good after the prices becomes cheaper than the goods they normally purchase. It rises as a problem in price index due to the fact that customers/buyers can decide to change or substitute goods at an instant because of changes in prices. In situations like this, customers tend to avoid the whole increase in prices by changing to cheaper substitutes. Substitution generally is a consumer changing or substituting an expensive product for a cheaper one due to changes in prices. This usually leads to inflation rate been overestimated or overstated.

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3 years ago

Russ Wyant owned Humble Ranch in Perkins County, South Dakota. Edward Humble, whose parents had previously owned the ranch, was

Leona [35]

Answer:

Cosnider the following text.

Explanation:

In accordance with the United Stated Contract Law, peformance must form an integral part of the contract and any of it's clauses, along with consideration for the same.

As seen in the case above, specific provisions in the contract provide for the possibility of the seller becoming the buyer's lender by matching the terms of the proposed financing. However, it must be understood that a decision taken about the same by either one party is not binding on the other, and comes into effect only if it is mutually agreed upon under the same terms.

In the case above, Russ' uncle, Edward has exercised his two year option to buy the land from Russ, which if exercised, gave the parties 30 days to conclude the sale. However, as seen in the question, Russ's uncle, Edward was unresponsive to Russ' proposed purchase plan, indicating that he was aware of the terms of the contract and Russ' proposal, yet chose not to act on it. However, owing to the time clause in the contract, failure to respond an come to an agreement by either of the parties within the specified time, would render it void. Furthermore, Edward did not advise Russ on the financing terms pertaining to the contract before it's expiry, indicating that he had no interest in performing the contract.

Therefore, it should be understoof that Edward is not entitled to specific performance as a remedy in this case, as it is his fault and not Russ' fault for the non-performance of his part of the contract. He does not have any remedy at all, unless he is able to prove beyond reasonable doubt that Russ had not made efforts to communicate with him. Russ on the other hand, can sue Edward according to the terms of the contract and seek damages accordingly.

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3 years ago

Some part of income inequality is likely to be the result of discrimination. But other factors responsible for inequality includ

balandron [24]

Answer:

Differences in abilities and talents

Explanation:

Income inequality refers to variation or discrepancy between income levels of individuals. Income inequality arises on various accounts one of which being, difference in abilities and talents.

All individuals possess different skill sets and their efficiencies vary too. Some individuals are more creative and talented than others while some are more laborious and hardworking.

Each skill set has it's own demand and thus, income is fixed as per the demand of a particular skill set for a given sector.

This leads to some earning lot more than others and differences in pay scales as per the abilities individuals possess.

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3 years ago

What is consideration​

What is consideration