The statement is false.
Void and voidable contracts are one and the same. Exculpatory clauses are typically considered void towards public coverage. Covenants not to compete are commonly taken into consideration void as against public coverage.
A bilateral contract is a contract in which each party alternate guarantees to carry out. One birthday party's promise serves as consideration for the promise of the other. As a result, each party is an obligor of that birthday celebration's own promise and an obligee of the opposite's promise.
A contract wherein the events trade a promise for a promise is referred to as a Bilateral contract, whereas a contract wherein one birthday party gives a promise and the other birthday celebration performs an act is known as a Unilateral settlement. these legally enforceable promises can be in writing or oral.
Learn more about the bilateral contract here brainly.com/question/13741271
#SPJ4
Answer:
(a) DM
(b) DL
(c) MO
(d) MO
Explanation:
(a) Frames and tires used in manufacturing bicycles.
This is cost directly related to the materials used in manufacturing a product and, thus, should be classified as a direct material cost (DM).
(b) Wages paid to production workers.
This cost is directly related to pay for the labor required to manufacture a product and, thus, should be classified as a direct labor cost (DL).
(c) Insurance on Factory equipment and machinery.
Although this is a cost incurred from manufacturing, it can't be directly linked to either materials or labor since it is an structural cost and, therefore, should be classified as a manufacturing overhead cost (MO).
(d) Depreciation on factory equipment
For the same reason as the previous item, this should be classified as a manufacturing overhead cost (MO).
Answer:
Consider the following paragraph I wrote
Explanation:
I think the firm focuses on the economic perspective in describing its competitive advantage. In the economic perspective, a firm focuses on how much economic value it creates through its competitive advantage.
In the company profile, Domino's focuses on how much economic value it creates for its sub-franchisees, franchisees and the parent company. It focuses more on the chain which creates economic value for the entire Domino's ecosystem consisting of the parent company, franchisees, and the sub-franchisees. So, I think the firm focuses on economic perspective in describing its competitive advantage.
Answer:
D) Property's fair value at the date of the investment.
Explanation:
When new business is formed from closing the old one, all assets are recorded at fair value.
Thus, all the assets other than cash shall be recorded at their respective fair values in the new business which is a partnership, as the cost or historical value will not display their proportional contributions properly.
Therefore, correct statement is
D) Property's fair value at the date of the investment.
Answer:
1. The elasticity of demand for movie tickets must be INELASTIC.
2. Demand curves become LESS elastic in the long run. This means that the ticket price increase will likely be MORE profitable in the long run.
Explanation:
1. As demand is inelastic, the percentage of price increase will be greater than the decrease in the quantity of tickets demanded, and consequently profit will increase.
2. In the long term, demand becomes inelastic. Consequently, in the long term the percentage of the price increase will continue to be greater than the percentage of decrease in the quantity of tickets demanded.
