Answer:The 5 elements of a legally binding contract are made up of:
An offer.
Acceptance,
Consideration.
Mutuality of obligation.
Competency and capacity.
Sometimes additional components are involved to protect the interests of all the parties.
A contract involves two or more parties who are competent to enter into a legally binding agreement. While a contract can be verbal or implied, it is usually in writing. If a contract is enforceable, a court can compel the parties to follow through on what they agreed to in the contract.
A legally enforceable contract is more than a casual promise between friends. The purpose of a business contract is to place legal requirements on the parties to follow through on the agreement. The legal system is available to mediate if a party breaches the terms of the contract.
Answer:
44
Step-by-step explanation:
Answer:
The value of the quantity after 87 months will be of 599.64.
Step-by-step explanation:
A quantity with an initial value of 600 decays exponentially at a rate of 0.05% every 6 years.
This means that the quantity, after t periods of 6 years, is given by:
What is the value of the quantity after 87 months, to the nearest hundredth?
6 years = 6*12 = 72 months
So 87 months is 87/72 = 1.2083 periods of 6 years. So we have to find Q(1.2083).
The value of the quantity after 87 months will be of 599.64.
<span>1.Multiply the bottom number of the fraction by the whole number.
<span>2.Simplify the fraction (if needed)</span></span>
