All categories

3 years ago

Select the true statement about the Restatement of the Law of Contracts.

Business

1 answer:

Vladimir79 [104]3 years ago

7 0

Answer:

The TRUE statement about the Restatement of the Law of Contracts is:

a. It is a valuable resource for judges to consult, but it is not formal law.

Explanation:

The Restatement of the Law of Contracts are treatises that clarify the general principles of contract common law, to help judges and lawyers in their judgments. Though it is one of the best-recognized and frequently cited legal treatises in all of American jurisprudence, it remains secondary sources of law. With the cooperation of judges, legal professors, and other legal experts, it is written and published by the American Law Institute (ALI).

You might be interested in

Granfield Company is considering eliminating its backpack division, which reported an operating loss for the recent year of $41,

quester [9]

Answer:

The impact of eliminating the backpack division

Particulars Amount

Decrease in contribution margin $480,500 ($950500-$470,000)

Decrease in Expenses:

Fixed expenses $208,800 ($70522,000*40%)

Decrease in Net operating income $271,700 (Financial disadvantage)

3 0

3 years ago

Zohrina is a top manager at her current company. However, she is leaving the company for a better job at a competing firm. Which

alexgriva [62]

Answer:

Voluntary Turnover

Explanation:

The kind of turnover that is represented in this scenario is voluntary turnover. Voluntary turnover is a kind of turnover that transpires when employees freely want to leave their jobs. Employees might want to depart their works for an assortment of purposes. They may feel disappointed with their job or their payment either they may be exploring a profession change rather they may have acquired different offers.

8 0

3 years ago

When I but a what I'm loaning money to an organization

PSYCHO15rus [73]

Bussiness company house idk

5 0

4 years ago

Read 2 more answers

A government bond with a coupon rate of 7% makes semiannual coupon payments on January 15 and July 15 of each year. The Wall Str

WINSTONCH [101]

Answer:

invoice price (dirty price) = $1,004.13

Explanation:

semi-annual coupon = $1,000 x 7% x 1/2 = $35

clean price = $1,001.25

accrued interest = (Jan. 30 - Jan. 15) x $35 x 1/182 = $2.88

invoice price (dirty price) = clean price + accrued interest = $1,001.25 + $2.88 = $1,004.13

the dirty price or invoice price of a bond includes any accrued interest that the bond may have earned in the period between the last coupon payment and the transaction date.

7 0

3 years ago

Gable Ceramics, a division of Alderman Corporation, has an operating income of $ 64 comma 000 and total assets of $ 400 comma

solniwko [45]

Answer:

The question is meant to compare the original ROI and RI before the investment compared to the new investment is ROI and RI

The new investment has a lower return on investment of 11% compared to original 14%

However,the project should be considered since it has $3000 residual income in additional to the original residual income

Explanation:

The return on investment and residual income before the new investment are computed thus:

return on investment=operating income/total assets=$64,000/$400,000=16%

residual income=operating income-(total assets*rate of return)

=$64,000-($400,000*11%)=$20,000

Thereafter,the return on investment and residual income on the new investment are computed thus:

return on investment=operating income/total assets=$14,000/$100,000=14%

residual income=operating income-(total assets*rate of return)

=$14,000-($100,000*11%)=$3,000

4 0

3 years ago