Answer:
The issue is whether Joe is liable to pay for Bob to Avarice Bank or not.
Joe should prevail.
Explanation:
The original contract is between bank and Bob and in that contract Joe is not involved. Secondly payment on someone' behalf always has to be a written contract.
According to UCC, suretyships have to be written for them to be enforceable. This is mentioned in Statute of Frauds. It clearly states that any gurantee by thrid party for payment of debts has to be in writing.
Answer:
option (c) $35,556
Explanation:
Data provided in the question:
Assets = $200,000
Asset Adjusted Basis FMV
Inventory $25,000 $50,000
Equipment $60,000 $40,000
Supplies $20,000 $20,000
Building $80,000 $95,000
Land $10,000 $20,000
=========================================
Total $195,000 $225,000
=========================================
Now,
FMV is greater than Basis
thus,
Percentage FMV on Equipment =
or
Percentage FMV on Equipment =
= 17.77%
Therefore,
= Percentage FMV × Assets
or
= 17.77% × $200,000
= $35,555.56 ≈ $35,556
Hence,
The correct answer is option (c) $35,556
<span>a place where supply and demand comes together to determine the price. the buyers and seller come together to buy goods/services.</span>
Answer:
Must wait for 20 years
Explanation:
Exclusive rights granted for an invention is patent. The law protects the invention from commercial exploitation by others apart from the inventor. The protection is time-limited.
Patents last for 20 years. Before the expiry of the 20 years, any attempts to produce goods under patent protection is illegal. A person wishing to manufacture and sell goods under patent must wait for its expiry.