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3 years ago

What three parts of a contract are necessary in order for it to be legally binding?

2 answers:

8 0

The three important part of the contact that are neccessary to be legally binding are :
offer
acceptance of offer
the consideration

adelina 88 [10]3 years ago

5 0

Answer:

1. Offer

2. Acceptance

3. Capacity and Competency to a contract

Explanation:

The three parts of the contract are as follows:-

1. Offer:- offer refers when we propose to another party for a reason in terms of business proposal etc.

2. Acceptance:- when another party accepts the offer of that party whose offering is called acceptance.

3. Capacity and Competency to a contract:- The person enter in a contract should be capable and not less than 18 years i.e. minor, unsound mind, etc. should not come in a legal contract.

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A budget that allocates increased or decreased funds to a department by using the last budget period as a reference point is cal

dmitriy555 [2]

Answer:

D) incremental budget

Explanation:

An incremental budget is a budget in which the budget is prepared based on the last year budget or the actual performance so that the amounts that are increased or decreased could be added for the current year budget

Here in the given situation, the allocation of the budget is either increased or decreased by using the previous year budget is known as incremental budget

hence, the correct option is D. Incremental budget

8 0

4 years ago

Assume you own and operate a small advertising business that employs 25 people. With increased health care costs and related ins

Tcecarenko [31]

Answer: (C) Safety and security needs

Explanation:

The Safety and the security needs are one of the type of Maslow's hierarchy model that helps us to protect from the job security, safe and the healthy environment. The safety and the security are the basic physiological needs that is necessary for survival to each person.

According to the given question, the decision made by an organization may cause the employees concerned about their safety and the various types of security requirement as employees can concentrate on given task in the healthy work environment only.

It is also helps in increase the productivity as well as growth of the business and an organization. Therefore, Option (C) is correct answer.

5 0

3 years ago

You want to purchase a motorcycle 4 years from now, and you plan to save $3,500 per year, beginning immediately. You will make 4

Andreyy89

Answer:

You will have $16,111.99

Explanation:

a) Data and Calculations:

Annual savings $3,500

Years = 4

Interest rate = 5.7%

Future value using finance calculator:

FV (Future Value) $16,111.99

PV (Present Value) $12,907.71

N (Number of Periods) 4.000

I/Y (Interest Rate) 5.700%

PMT (Periodic Payment) $3,500.00

Starting Investment $0.00

Total Principal $14,000.00

Total Interest $2,111.99

b) Your annual savings of $3,500 with 4 deposits will have a future value of $16,111.99 compounded at 5.7% for 4 years with a total principal of $14,000 ($3,500 * 4).

8 0

3 years ago

One way products can be categorized is by brand.<br> O a) True<br> Ob) False

Scorpion4ik [409]

Answer:

A. True.

Explanation:

One of the direct implementation for this categorization can be seen if you go to your supermarket. Supermarkets tend to categorize their product in a way that resulted in the most sales.

In order to achieve this, they tend to lined up the most popular brands on a place that's close to costumers' eye level on the shelf. The less popular brand will be place on top or lower part of the shelf that's a little bit harder to see.

4 0

3 years ago

If the total utility from consuming the fifth unit of a product is 6 and the total utility from all five units is 162, then the

mylen [45]

Answer:

b) 156

Explanation:

Total utility is the total amount of satisfaction received by a consumer after consuming a given quantity of a product or service. In this question there is the total utility of five product.

Total utility = 162

utility of fifth product = 6

Total utility of other four products = Total utility - utility of fifth product

Total utility of other four products = 162 - 6 = 156

4 0

3 years ago