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damaskus [11]
3 years ago
12

Justin Case, a computer programmer worked for Earth Movers, a large ​​ manufacturer of bulldozing equipment. Earth Movers receiv

ed an order for 100 bulldozers to be delivered in 3 months. Earth Movers accepted the order and then realized they were having problems managing the large inventory of parts for the machines. Justin wrote a computer program that identified each part and ​ where it was located in the warehouse. The owner of Earth Movers, Ima Nutt was so happy with the new efficiency that she told Justin that she was going to give him 50 shares of company stock. However, Justin never received the stock shares, so he sued Earth Movers.
​a. Define consideration
​b. Who will likely win the lawsuit, Justin or Earth Movers? Fully explain
Business
1 answer:
olchik [2.2K]3 years ago
4 0

Answer:

<u>Justin likely wins</u>

<u>Explanation:</u>

The term consideration as used in law simply refers to a promise (implied or expressed) made to another person to do something usually in return for a work done.

In this case, what Ima Nutt said could be legally viewed as a consideration since she <em>promised to give</em> Justin Case 50 shares of company shares. Justin likely wins since he sufficient amount of evidence to show that consideration was made.

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In 2016, a grandfather gave a life estate to his grandson and a remainder interest to his granddaughter. Each interest is valued
ycow [4]
The gift to the grandaughter is <span>Partially shielded by the annual gift tax exclusion.   In the year of 2016, the federal government created </span><span>the </span>estate<span> and gift </span>tax exemption<span> is $5.45 million per individual.
Which means that the inheritence that given to the granddaughter would be tax free as long as it does not surpass the net value of 5.45 million.</span>
7 0
3 years ago
A company has a "bring your own device" (BYOD) policy for computers; anyone can just go out and buy whatever computer they want.
brilliants [131]

Answer:

<em>I can see there are no choices.</em>

Purchase or Lease Stage

Explanation:

The "Hardware Lifecycle" has several stages or phases. These are:<em> Plan, Purchase or Lease, Deploy & Install, Maintenance, Upgrade, Parts & Repair, Extend, Buyback or Trade In and Dispose or Recyle.</em>

The situation above is part of the<em> "Purchase or Lease Stage."</em> This stage <u>allows the person to buy the computer that they wanted.</u> When it comes to the IT hardware, the person can either "Buy" or "Lease." One may choose the second option if he is not yet ready to buy.

So, this explains the answer.

5 0
4 years ago
A seller sold a house to a buyer allowing the buyer to take over the loan on a "subject to" basis. After 2 years, the buyer defa
lubasha [3.4K]

Answer:

A. The seller would be primarily liable.

Explanation:

Subject to basis is a form of home buying options in real estate. It is a situation where the buyer takes over existing loan of a seller and make commitment to seller to continue repaying the loan to the lender.

Though the buyer will taken over the loan from the seller and make repayment to the lender, there is no legal obligation on buyer`s part that makes him/her liable to the lender. The seller still remain liable despite the the taking over. So  option A is right while B to D is wrong because it`s only the seller that is primarily liable to the lender.

4 0
3 years ago
An author can register his or her copyright application with the _____. International Trade Administration (ITA) International T
Semmy [17]

Answer:

United States copyright office

Explanation:

hope this helps!

6 0
3 years ago
The cost object(s) of the activity-based costing method is(are): Multiple Choice The time period. The production departments of
MArishka [77]

Answer:

The production activities of the company.

Explanation:

The activity-based costing will look for different activities in the production process rather than dividing into department or jobs to determinate the overehad cost per unit

Once these activities are identified it will calcualte the cost pool of the activity and look for the appropiae cost driver to distribute among the products.

6 0
3 years ago
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