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 the contract between mark and dale can be rescinded because of: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The contract between both of them is rescinded because of mutual mistake.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
T-MobileTMimplements a program of texting its current customers to find out what changes they wouldlike to see in the services p
lianna [129]

Answer: The answer is C.

Explanation: Market orientation is a strategy by an organization whereby the

Focus on identifying a customer's need and then try to meet the need. In this case T-MobileTM is a market oriented organization and its focus is on identifying their customer's needs and wants to help serve them better and make the customer satisfied with their products and services. Thus the goal of the company is meeting the needs, wants and desires of customers.

7 0
3 years ago
Which one is the correct answer ?
Vinil7 [7]

Answer:

I believe its B.

Explanation:

C and D don't make any sense since it is impractical to suffer during the hot months, and A is wrong (I believe) since the budget needs to be shifted to bring attention to the AC. So by elimination its B.

8 0
3 years ago
A bond has annual coupons, $1000 par value, 2 years to maturity, 8% coupons and a 6% yield. Calculate the Macaulay Duration. The
Softa [21]

Answer:

The answer is "1.93 years".

Explanation:

Macaula \ \ duration \ \ \ \ \ \ \ \ \ \ 1000 \times 8\%\\\\

years \ \ \ \   cash \ flows \ \ \ \  pv\ of \ 6\%\ \ \ \ present \ value \ \ \ \ current \ value \ \ \ \  pv/current \ value \ \ \ \frac{pv}{cp}\times t\$80.00\ \ \ \ \ \ \ 0.9434 \ \ \ \ \ \ \ \$75.472 \ \ \ \ \ \ \ \$1,036.67 \ \ \ \ \ \ \ 0.0728 \ \ \ \ \ \ \ 0.0728\\\\\$ 1,080.00 \ \ \ \ \ \ \ 0.8900 \ \ \ \ \ \ \ \$961.196 \ \ \ \ \ \ \ \$1,036.67 \ \ \ \ \ \ \ 0.9272 \ \ \ \ \ \ \ 1.8544\\\\

                                             \$ 1,036.668 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \   1.92772\\\\

that's why the Macaula duration is 1.93 years.

7 0
3 years ago
Which of the following are reported at fair value except trading securities: a) held-to-maturity securities b) available-for-sal
horsena [70]

Answer:

B. Available for sale securities

Explanation:

Available for sale securities refer to debt or equity instrument. They are purchased with a pre defined aim of selling them before their maturity, for  profit earning. Such profit is usually a 'quick capital gain'. Apart from profit, they also assist for liquidity, repaying needs of companies.

These equities are reported at 'fair value'. This implies that unrealised gains & losses are not included in earnings. They are rather recorded in a specific segregated item head 'accumulated other comprehensive income' of shareholder's equity.

8 0
3 years ago
Revenues are ______. earned by selling goods or services to customers the amount of cash a company has left after it has paid it
taurus [48]

Answer:

earned by selling goods or services to customers.

Explanation:

Revenues are earned by selling goods or services to customers.

This ultimately implies that, revenues are typically the income that are being generated from the provision of goods and services to meet the needs or wants of customers, as well as discounts and deductions for returned products.

<em>Generally, revenues forms the first line item reported on the income statement or is the beginning of an income statement</em>.

4 0
4 years ago
Other questions:
  • Weston acquires a new office machine (7-year class asset) on August 2, 2017, for $75,000. This is the only asset Weston acquired
    12·1 answer
  • A team that consists of members who interact by computer network to collaborate on projects is called a(n)
    10·1 answer
  • Consider four different stocks, all of which have a required return of 14 percent and a most recent dividend of $3.50 per share.
    5·1 answer
  • Having a realistic pride in one’s abilities, accomplishments and goals is known as _______.
    10·2 answers
  • Dominique is a cutomer of Apexoria
    8·1 answer
  • How might a business use Twitter to promote their business?
    9·1 answer
  • Cover food in the microwave with plastic wrap to?
    15·1 answer
  • What is artificial selection
    15·2 answers
  • Leon, the production manager at a furniture manufacturing company, decides to underperform at work by not meeting his monthly ta
    15·1 answer
  • . An economist estimated that the cost function of a single-product firm is C(Q) = 90 + 35Q + 25Q2 + 10Q3 ® 172 Based on this in
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!