Answer: Binding both parties in legal manner
Explanation: The contract is the set of legal agreement which states about the duties of the parties involved in the contract .Payne and Steven are involved in the agreement because he wants to sell some portion of land and Steven is buying that land piece respectively.
Even though Payne is intoxication at the time of agreement execution and Steven is not believing in this act of Payne ,the agreement is still binding both the people into an agreement as they are involved in the act of selling and buying the land legally.
<span>Apr 12, 2010 - A. anxiety and mania B. depression and manic episodes C. mania and schizophrenia D. depression and schizophrenia.</span><span>
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1. Smart because he was the president and was a lawyer
2. Responsible because he was responsible for running the country
I would say 5, 4, and 1 would be the right answers.
Answer:
Option C If there is zero inflation, the nominal interest rate is equal to the real interest rate
Explanation:
The reason is that, according to Fisher Formula:
(1+n) = (1+r)*(1+i)
And here
r is real rate
i is inflation
n is nominal rate
When i is zero, then
(1+n) = (1+r)*(1+0)
(1+n) = (1+r)
1+n = 1+ r
n= 1 + r - 1
n=r
Hence the statement C is right that when inflation is zero then the nominal interest is equal to real rate.
