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7nadin3 [17]
3 years ago
5

The following elements must be established to create a certain type of contract:1. The plaintiff provided property or services t

o the defendant.2. The plaintiff expected to be paid by the defendant for the property or services and did not provide the property or services gratuitously.3. The defendant was given an opportunity to reject the property or services provided by the plaintiff but failed to do so.These elements are part of which kind of contract?
Business
1 answer:
mojhsa [17]3 years ago
3 0

Answer:

Implied-in-fact-contract.

Explanation:

The mentioned elements are a part of Implied-in-fact-contract.

Implied-in-fact-contract is a form of implied contract formed by non-verbal conduct, rather than by explicit words. Supreme Court of USA has defined Implied-in-fact-contract as "an agreement 'implied in fact'" as "discovered when a meeting of minds, which, although not embodied in an express contract, is inferred, as a fact, from conduct of the parties showing, in the light of the surrounding circumstances, and their tacit understanding

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<h2>You made the choice with the lowest "Opportunity cost".</h2>

Explanation:

Opportunity cost in simple terms, can be explained as "You get one by losing the other".

So why this opportunity cost is necessary? Let us understand.

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"Theorie der gesellschaftlichen Wirtschaft" coined the word "opportunity cost".

7 0
3 years ago
Ahmed runs a bakery that sells two kinds of pies. Ahmed knows the bakery must make at least 6 and at most 48 batches of the Choc
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Answer:

Ahmed must bake 48 Chocolate Decadence pies and 7 Mint Breezes pies in order to get the maximum possible profit = $131.91

Explanation:

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using solver, profits are maximized when 48x + 7y = $131.91

5 0
3 years ago
The Open Grill incurred the following costs in acquiring a new piece of land:Cost of the land $ 80,000. Commissions 4,800.Liabil
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8 0
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Answer:

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Explanation:

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8 0
4 years ago
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