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
NISA [10]
3 years ago
5

Mark agrees to buy dale's one-half-ton truck so that he can pull his trailer. both mark and dale believe that the truck is large

enough to do the job. after they complete the deal, mark hitches the truck to the trailer and attempts to pull the trailer, but without success. the contract between mark and dale can be rescinded because of:
Business
2 answers:
enyata [817]3 years ago
8 0

I believe the answer is: Mutual mistake

Mutual mistake happen when all the parties involved in the contract both mistaken regarding the things or material within their contract, which make them able to re-consider the term of the contract or even renew it. This type of mistake usually occurs when the planning do not represent the actualisation on the field

Pavel [41]3 years ago
7 0
The contract between both of them is rescinded because of mutual mistake. It is because Mark and Dale, the parties of the contract, are both made a mistake about the estimation of the size of the truck. Although Dale and Mark have meeting of minds which is considered the contract to be valid but both they have made mistake, therefore, the contract is voidable. 
You might be interested in
St.​ Mark's Square is a beautiful plaza in Venice that is often frequented by both tourists and pigeons. Ringing the piazza are
Artist 52 [7]

Answer and explanation:

Location is one of the many factors businesses must consider at the moment of starting operations. Commercial areas tend to have higher rent and property prices. Typically, businessmen deal with it by increasing their products price so they can cover expenditures and make a profit. At the same time, most consumers are willing to pay the higher price for the product because it removes the need for relocation even if it could imply moving one or two blocks away.

5 0
3 years ago
The Shoe Exchange issues 3,000 shares of its $1 par value common stock to provide funds for further expansion. The issue price i
Nezavi [6.7K]

Answer:

Debit Cash account           $57,000

Credit Shares capital         $3,000

Credit Share premium       $54,000

Being entries to record cash received from the issuance of shares

Explanation:

Par value per share = $1

Issue price per share = $19

Premium per share from issue = $19 - $1

                                                   = $18

Number of issued shares = 3000

Share capital balance from issue = 3000 × $1

                                                          = $3000

Premium balance = 3000 × $18

                             = $54,000

Cash received from Issue = 3000 × $19

                                           = $57,000

Entries to be posted

Debit Cash account           $57,000

Credit Shares capital         $3,000

Credit Share premium       $54,000

Being entries to record cash received from the issuance of shares.

4 0
3 years ago
Alan krueger conducted a survey of fans at the 2001 super bowl who purchased tickets to the game for​ $325 or​ $400. krueger fou
Gekata [30.6K]
These results are evidence of "<span>the endowment effect".</span>

The endowment effect<span>, in behavioral finance<span>, portrays a situation in which an individual qualities something that they officially possess more than something that they don't yet claim. Studies have indicated over and again that individuals will esteem something that they effectively claim more to a comparable thing they don't possess. It doesn't make a difference if the thing being referred to was bought or gotten as a gift, the impact still stays.</span></span>

5 0
3 years ago
Which of the following steps of the strategy development process for exports involves performing market research and interpretin
vfiekz [6]

Answer:

the correct answer is

a. identification of a potential market

5 0
3 years ago
The allowance for doubtful accounts is reported as a(n) __________ on the balance sheet.
Firlakuza [10]
B. The allowance for doubtful accounts is reported as a deduction from accounts receivable on the balance sheet
6 0
2 years ago
Other questions:
  • How should silvio napoli deal with the challenges he is facing over transfer prices and limited technical cooperation from the e
    9·2 answers
  • In order to increase usage of the family-oriented ski resort, its owner sent letters to several college fraternities inviting th
    12·2 answers
  • Snack food vendors and beer distributors earn some monopoly profits in their local markets but see them slowly erode from variou
    6·1 answer
  • Which factor sets the floor on setting a​ product's price?
    9·1 answer
  • Employers must provide a workplace free of known health and safety hazards. If you have ant concerns, you have the right to spea
    15·1 answer
  • Luis refuses to shop at big box stores, preferring to do his shopping locally. He reads in the paper that one of these stores wi
    13·1 answer
  • This table shows the number of cookies several bakeries sell each day. Bakery Number of Cookies Sold Mrs. Track’s 90 Chips 100 T
    7·2 answers
  • A. medical payment auto 1. covers insured for life; is paid on for a specific-
    11·2 answers
  • 4. Which of the following financial statements is the main tool for figuring out how much
    9·2 answers
  • Sarbanes-Oxley Act was enacted to ensure the integrity of: SQL. public companies' financial statements. Entity-Relationship Diag
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!