a. Mack does not have to accept the shipment
b. Olive Outlet has accepted and breached the contract
c. Olive Outlet's shipment is considered a counteroffer
d. Mack cannot revoke based on principles of promissory estoppel
Answer:
d. Mack cannot revoke based on principles of promissory estoppel
Explanation:
Promissory estoppel refers to the doctrine in contract law that allows a party's recovery for damages suffered based on the party's reliance on a promise even if there is no legal contract between the aggrieved party and the party that fails on the promise. From the above this stops mack's bar from going back on its promise to buy the goods of Olive outlet even there is no legal contract yet as olive outlet may have already suffered damages.
Answer:
- a. c) remain constant.
- b. a) increase.
- c. a) increase in economic profits
Explanation:
a. The workers have just signed a two-year contract which means that in the short run, their wages are fixed to what was agreed to in the contract. Input prices will therefore remain constant.
b. Output prices on the other hand will increase to match the increase in price levels.
c. The company would therefore see an increase in economic profits because they are getting a higher revenue from the increased prices of outputs than they are incurring costs from the constant input prices.
Is it because when soil and surface materials erode over time, they leave layers of sediments. Over long periods of time, layer upon layer of sediments form...Under the pressure, lower layers of sediments eventually turn into rocks.
Answer:
She is a middle manager
Explanation:
As for the details provided,
Yojayna has a senior manager, to whom she meets once in every week to discuss the plan, and the achievements so far.
Thus, she is not the top most manager.
Further, she coordinates with supervisors who regulate the operations of employees on daily basis.
Thus, she is a manager to them.
Therefore, she is a middle level manager. Who works according to senior management, and then regulates the work of supervisors also.
Incontestability clause - This tells us the insurance company may not contest the validity of the policy during the insured's lifetime for any reason, including fraud, if the policy has been in effect for a predetermined duration
What is incontestability clause?
An incontestability clause in a life insurance policy safeguards the policyholder and forbids the insurer from changing any aspect of the insurance coverage as a result of a misinterpretation or false statements made by the insured (the policyholder) after a certain amount of time. A life insurance policy's provider cannot revoke any statement after a specified period of time thanks to an incontestability provision. This provision is frequently regarded as offering policyholders the most robust defense.
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