Correct question:
The ultimate purpose of a contract is the creation of an agreement that courts will order parties to perform or to pay consequences for the failure of performance. When courts uphold the validity of such promises, the resulting agreement is a(n) ______.
A. absolute contract
B. differentiated contract
C. void contract
D. relative contract
E. enforceable contract
Answer:
When courts uphold the validity of such promises, the resulting agreement is an (E) enforceable contract.
<h3>
What is an enforceable contract?</h3>
- An enforceable contract is one that may be enforced in a court of law, whether written or oral.
- If the law allows for contract enforcement, the assenting parties are obligated to carry out an agreement.
- Terms cannot be violated or breached without rendering the contract null and void.
- An enforceable contract is formed when two or more people enter into an agreement or contractual obligation that allows one of the parties to legally compel the other to do anything.
- The ultimate goal of a contract is to create an agreement that courts will require parties to perform or pay penalties for failing to perform.
- A contract must contain both an offer from one party and an acceptance from the other party in order to be enforceable.
<h3>Reason -</h3>
As the definition above states that the ultimate goal of a contract is to create an agreement that courts will require parties to perform or pay penalties for failing to perform.
Therefore, when courts uphold the validity of such promises, the resulting agreement is an (E) enforceable contract.
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Answer:
A. $39,600
B. $38,412
Explanation:
In this question, we are required to answer two questions about the proceeds of a note issued at a particular amount with a particular face value. We proceed as follows!
A. Here, we are asked to calculate the the proceeds of the note assuming that the note carries an interest rate of 9%.
This is straightforward,
The proceeds of the note assuming the note carries an interest rate of 9% = Face Value at which the note is issued.
This has a value of $39,600
b. Here, we are asked to calculate the proceeds of the note assuming a discounted rate of 9%
mathematically, proceeds of the note at 9% rate knowing it is a 120-day note is $39,600 - ($39,600 * 9% * 120/360) = $39,600 - $1,188 = $38,412
Answer:
$110,300
Explanation:
June collections will comprise of
25% of June sales
71% of May sales
4% of April sales
<u>25% of June sales </u>
=25/100 x 100,000
=$25,000
<u>71% of may sales</u>
=71/100 x $110,00
=$78,100
<u>4% of April sales</u>
=4/100 x $180,000
=$7,200
Total June collections
=$25,000 + $78,100 +$7,200
=$110,300
<span>There's no such things as an unbreakable encryption. If an encryption is devised, it will eventually be broken/decrypted. However, there are certain measures or characteristics that can be put in place to prolong decryption like using a one-time pad encryption. This means the key is used only once; using a key once is a pretty good idea since a strong algorithm will be of no use when the key becomes known. This characteristics ensures that a new key is required for decryption on successive attempt. You could also consider adding a long sequence of characters or adding an extra layer of security by upgrading to 256 or 512 bit encryption, also use salting and multiple algorithms.</span>