Answer:
Vincent should adhere to Data Protection Laws while handling information in the customer database.
Explanation:
It is very easy to collect customer information online and this information is often subject to abuse and misuse.
The information privacy law or data protection laws restrict the disclosure or misuse of information about anyone (Private Individuals or Corporate Entities)
The Laws require that records kept about an individual must be accurate and up to date. It thus falls within the responsibility of online business owners like Vincent to provide mechanisms for people to review data about them, to ensure accuracy.
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An agreement containing mutual promises. Workers on a building are guaranteed that their contractors will pay them at the end of each month.
<h3><u>How do bilateral contracts work?</u></h3>
A bilateral contract is a <u>legally binding arrangement</u><u> between two parties wherein each exchanges commitments to carry out and execute </u><u>one-half of a deal</u>. Because it makes both parties into what is known as an "obligor," or a person or party who is bound to another, this contract form is one of the most often utilized binding agreements.
Due to their widespread usage, sales contracts and bilateral contracts are frequently used interchangeably. An obligor has violated the bilateral agreement if they don't carry out their obligation (and of course, vice versa).
Learn more about Bilateral Contract with the help of the given link:
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Answer:
The answer is: If Allen is a professional gambler, he can use his gambling losses to offset the income from his gambling activities.
Explanation:
We can consider the airfare and hotel expenses as income part of Allen's income (+$3,000) but since he lost more money in the casino (-$25,000), the net effect is an economic loss (-$22,000).
That economic loss isn't tax deductible unless he was a professional gambler, then he could offset his income by $22,000.
It is "cutting out the middleman", which seeks to reduce distribution expenses.
By avoiding the middleman, i.e. offering straightforwardly to you, the maker can list that equivalent item for, say $75 which because of a broker or retailer rises to at least 100 $, which it to appear is a lot of difference to the buyer, while in the meantime giving them significantly more benefit than they'd make selling to a store.
