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3 years ago

Which of the following are the two most important sources of contract law?

Business

1 answer:

nadezda [96]3 years ago

6 0

Answer:

The correct answer is B

Explanation:

Contract Law is the law or an agreement among the private parties establishing the mutual obligations which is enforceable by law. The basic or primary elements are required for the agreement or contract to be legally enforceable agreement are expressed by a acceptance and valid offer, legality, mutual assent and adequate consideration.

The two most vital sources of the contact law are Statutory Law (The Uniform Commercial Code) and the Case law.

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A boycott occurs when workers collectively refuse to go to work.

nikitadnepr [17]

When workers refuse to work its called boycotting

3 0

3 years ago

Upon receiving a complaint, HUD initiates an investigation and makes a determination to bring charges or dismiss the complaint w

liubo4ka [24]

Answer:

c. 100 days of the filing of the complaint.

Explanation:

After receiving a complaint, HUD starts the investigation within 30 days of receiving the complaint and the maximum time period to investigate the complaint is 100 days i.e. HUD would dismiss the complaint within 100 days when the complaint is filed

Therefore in the given case, the option c is correct as it is mentioned the 100 days and the same is to be considered

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2 years ago

Hal has just graduated from four years of college. For the last two years, he took out a Stafford loan to pay for his tuition. E

Nonamiya [84]

Answer: The answer is D, $13,615.

7 0

2 years ago

Branch Corporation issued $12 million of commercial paper on March 1 on a nine-month note. Interest was discounted at issuance a

siniylev [52]

Answer:

1 Cash 11,190,000

Discount on Note Payable 810,000

Note Payable 12,000,000

2- Interest Expense 810,000

Discount on Note Payable 810,000

3- Note Payable 12,000,000

Cash 12,000,000

Explanation:

In order to pass the Journal entry for issuance of Note Payable. First we need to calculate the Discount on issue of Bond Payable. The discount on note payable is calculated using the 12,000,000 x 9% x 9/12 = 810,000. In case of note payable is discount is interest expense for issuer hence on due corporation will pay full value of note to purchaser of note.

8 0

3 years ago

Pontchartrain Company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2017. Interest is paid on June 30 and De

solmaris [256]

Answer:

$1,568,498

Explanation:

First calculate the Amont of discount

Discount on the bond = Face value - Proceeds from the bond = $20,000,000 - $19,604,145 = $395,855

Now prepare the bond amortization

The Bond Amortization schedule is attached with this answer, please find it.

Now calculate the interest expense for 2017

Interest Expense 2017 = $784,165.80 + $784,332.43

Interest Expense 2017 = $1,568,498.23

Interest Expense 2017 = $1,568,498

3 0

2 years ago