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Stolb23 [73]
3 years ago
10

Suppose Frank owns a vintage Porsche in mint condition. He agrees to sell it to Smith, but the night before the parties are to e

xchange money for the title, a hurricane rips through Frank's town and collapses the roof of the garage into the Porsche. The car is no longer in mint condition or even sellable. The parties are thus discharged from their obligations under the contract. Why?
Business
2 answers:
Korvikt [17]3 years ago
6 0

Answer:

This is a situation arising from objective impossibility.

Explanation:

The contract was made for mint condition of car. The car damaged while it was with Frank. Thus, parties are thus discharged from their obligations under the contract.

Paha777 [63]3 years ago
3 0

Answer: Objective Impossibility

Explanation:

I believe this question has options but regardless, Objective Impossibility should be the answer.

Objective Impossibility arises when a party can no longer render the performance required.

The Subject Matter of a contract being destroyed or any other supervening Impossibility after the formation of the contract are considered types of Objectives Impossibility.

Seeing as the Porsche was the subject matter and it was destroyed, it qualifies as an Objective Impossibility.

Please do react or comment if you need any clarification.

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Assume that a consumer purchases a combination of products Y and Z and that the MUy/Py = 30/2 and MUz/Pz = 45/3. To maximize uti
IrinaVladis [17]

Answer:

Make no change in Y and Z.

Explanation:

It was assumed that consumer purchases the combination of two goods, Y and Z.

\frac{MU_{Y} }{P_{Y}}= \frac{30}{2} = 15

\frac{MU_{Z}}{P_{Z}}=\frac{45}{3}=15

For maximizing the utility of the consumer, the ratio of marginal utilities must be equal to the price ratio of the products.

We can see that the ratio of marginal utilities is equal to the price ratio of the products. Hence, the consumer should not make any changes to the combination of products.

7 0
3 years ago
Who is responsible for filing your federal tax return?
Setler79 [48]
The answer is B, your employer:)
8 0
3 years ago
A barter economy is different from a money economy in that a barter economy
fredd [130]

Answer:

The answer is;

people trade goods directly with goods rather than through using money

Explanation:

In that a barter economy, people trade goods directly with goods rather than through using money.

Money is not used in a barter economy. Barter economy was experienced a very long time ago.

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SIZIF [17.4K]
Ummmmm I will go with answer A cause at my house its always like that.
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notsponge [240]

Answer:

maturity

Explanation:

Based on the information provided within the question it can be said that in this scenario the Tide Detergent "pods" product is in the maturity stage of the product life cycle. This stage is characterized by being the longest stage in the cycle and in which sales begin to decline because the product has reached the apex of the demand curve. Advertisement in this stage has little effect on sales for the product and instead the best option would be to make changes to the product in order to lower costs and thus increase more profits, which is what they have done by making the product easier and more affordable to transport

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