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wel
3 years ago
7

Suppose that instead of leasing the Accord, Nigel decides to buy the Honda Accord for $22,180. Would this contract need to be in

writing to be enforceable?
Business
1 answer:
Sliva [168]3 years ago
7 0

L

Answer:

yes, pursuant to UCC, Section 2-201

Explanation:

Statute of frauds is a provision that requires certain transactions be in writing. This is usually based on the amount involved in the transaction.

In the given scenario according Section 2-201 of the UCC a contract that is above $500 should not be entered unless there is a written contract.

An oral contract won't suffice In this case.

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Enrique is giving a presentation to convince his managers that offering yoga classes at work will improve productivity because i
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a) He will ask the audience to stand and do a simple yoga pose.

Explanation:

Base on the scenario been described in the question, we saw the Enrique is given a presentation to convince his managers that offering yoga classes at work will improve productivity because it will help employees clear their minds. The aspects of his presentation that shows he wants to include kinesthetic learners is , he asked the audience to stand up and do a simple yoga pose.

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Which of the following characteristics describe intangible assets? (You may select more than one answer. Single click the box wi
zimovet [89]

Answer: An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible

1. They lack physical existence.

2. They provide long-term benefits.

3. They are classified as long-term assets.

Explanation:

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Your first baby was born yesterday and is healthy and strong. To guard against your premature death, you want to purchase a life
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Answer:

assuming the  interest rate is = 15% the  life insurance should you should purchase = $497854.0773

Explanation:

Given that :

Annual income receipt = $58000

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If we assume that the inflation rate π = 3% = 0.03

Also , let assume that the interest rate is = 15%  = 0.15 since it is not given too

Then the effective interest rate = \dfrac{ (i-\pi)}{(1+\pi)}

the effective interest rate = \dfrac{ (0.15-0.03)}{(1+0.03)}

the effective interest rate = \dfrac{ (0.12)}{(1.03)}

the effective interest rate = 0.1165

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Since n = \infty

The Principal amount of how much life insurance should you purchase is;

= Annual income receipt/the effective interest rate

= $58000/ 0.1165

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