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andreyandreev [35.5K]
2 years ago
9

Bob and Suzie are both signing a contract where Bob agrees to remove a beehive and Suzie agrees to pay Bob $120. 0. What is the

consideration in this example? a. Beehive removal b. Payment of $120. 00 c. Both the removal of a beehive and the payment of $120. 00 d. Neither the beehive removal nor the payment of $120. 0.
Business
1 answer:
ipn [44]2 years ago
8 0

The contract is defined as an agreement enforceable by law. Consideration is the promise made by the other party. The promise of one party is the consideration for the other party. Both the parties promise each other to perform their obligation in exchange for the consideration.

<h3>What is an agreement?</h3><h3 />

Agreement is every set of promises which results in the formation of consideration for each other. Their are always two parties to a contract and every party must perform its obligation which is the consideration for the other party.

Bob agreed to remove beehive , him removing the beehive is the consideration for Suzie. Suzie promised to pay $120 for removal of beehive is the consideration for Bob.

Therefore,  the consideration in this example will be "Both the removal of a beehive and the payment of $120.00" OPTION C is correct regarding the problem.

Learn more about agreement here:

brainly.com/question/7494619

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ralph leases 1,000 square feet in a large warehouse. the lease agreement requires him to pay portions of the landlord's taxes, i
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A sizable warehouse that Ralph rents out has 1,000 square feet. In addition to the amount he pays to lease the space, the lease requires him to contribute to the landlord's taxes, insurance, and maintenance costs. Ralph has Three-year net lease.

What is a lease example?

the length of the contract's term or duration. To lease anything is to provide someone a lease on it or to consent to renting someone else's property. When you rent out your apartment to a tenant, that is an example of a lease. When you choose to rent an apartment to live in, that is an instance of a lease.

A Net Lease:

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3 0
1 year ago
What is the compound interest on rs. 2500 for 2 years at rate of interest 4% per annum?.
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The compound interest on the given information is 204 Rs.

<h3>What is compound interest?</h3>

Interest received on both the principal amount of your savings and any prior amount is known as compound interest.

The calculation for compound interest-

A = P [ 1 + r/100]^n

Principal amount=2500

Time = 2 years

Rate of interest =4%

A stand for  Total Amount  = Principal amount + Interest

Total amount = 2500 × (1 + 4/100)²

= 2500 × ( 1 + 1/25)²

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= 2500 × (676/625)

= 2704

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Therefore, the compound interest will be Rs. 204.

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2 years ago
Common size financial statements help an analyst to:
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Answer:C

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Compare the mix of assets, liabilities, capital, revenue, and expenses within a company over a period of time or between companies within a given industry without respect to size.

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