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lora16 [44]
2 years ago
6

Milo is the owner of a sporting goods store that has only been open for three months. The holiday season is coming up, and Milo

realizes that he will need extra help. Milo asks his friend Jess to help him out at the store. Milo and Jess agree that Jess will work during the months of November and December. However, because Milo is unsure how much help he will need and how much he will be able to pay, they agree to decide each week on the hours that Jess will work for the following week, and to decide the hourly rate after Jess has worked two weeks before she receives her first paycheck. Just before November 1, Jess takes a job at another store. If Milo tries to sue Jess for breach of contract, the court will probably decide:
A. that the parties had a contract, and Jess breached the contract.
B. that the parties had a contract, but the damages could not be ascertained because the hourly rate and number of hours had not been determined.
C. that the parties had no contract because the terms of the offer were not definite.
D. that the parties had no contract because the terms were not in writing.

Sarah is shopping at Sylvia’s thrift store, and notices that the inside of the store needs repainting. Sarah offers to paint the store for $400. Sylvia does not respond to Sarah’s offer. Later that day, Sarah returns to the store with painting supplies in hand and begins painting the store. When Sarah is finished, she demands payment of $400 from Sylvia. Will Sylvia have to pay Sarah for painting the store?
A. Yes, Sylvia will have to pay Sarah for painting the store because silence is always an acceptance of an offer.
B. Yes, Sylvia will have to pay Sarah for painting the store, even though she did not verbally agree to the contract.
C. No, Sylvia will not have to pay Sarah for painting the store because silence can never be an acceptance of an offer.
D. No, Sylvia will not have to pay Sarah for painting the store because Sarah did not verbally agree to the contract.

The weekly Kroger advertisement states that five-pound chubs of ground chuck are available for eighty-nine cents per pound. Arlene sees the advertisement; she realizes that ground chuck has not been priced this low in quite some time, so she hurries to the store to purchase some. Arlene loads seven chubs of ground chuck in her shopping cart. When she goes to the checkout to pay, however, the cashier informs Arlene that the price in the advertisement is a typo and that the correct price is $1.89 per pound. Arlene insists that the store must honor the price listed in the advertisement, because it is an offer that she has just accepted. The cashier calls the store manager for a decision. The store manager will likely explain to Arlene:
A. that the advertisement is a valid offer because it is in writing.
B. that the advertisement is a valid offer, and the store must honor the price in the advertisement.
C. that advertisements are not offers, but merely a request for offers.
D. that the advertisement is a valid offer because its terms are definite.
Business
1 answer:
Arada [10]2 years ago
6 0

1. If Milo should try to sue Jess, the court will decide that

  • that the parties had a contract, but the damages could not be ascertained because the hourly rate and number of hours had not been determined.

2.  Yes, Sylvia will have to pay Sarah for painting the store, even though she did not verbally agree to the contract.

3. The store manager is most likely to explain to Arlene here that  the advertisement is a valid offer, and the store must honor the price in the advertisement.

<h3>What is a business contract?</h3>

A contract can be referred to as business arrangements. They are very enforceable in the case of a breach by a court of law.

A business contract usually makes specifications concerning when a business would be done, the completion, and the payment for the goods and services rendered.

One has to fully understand the terms of a contract before they go ahead to sign documents.

Read more on contracts here: brainly.com/question/984979

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6 0
3 years ago
when an account holder uses a debit card to pay for a purchase at the point of sale, a. money is immediately taken out of the ch
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<span>c. money is deducted from the balance on the debit card.</span>
7 0
2 years ago
Portman Corporation has retained earnings of $675,000 at January 1, 2014. Net income during 2014 was $1,400,000, and cash divide
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Answer:

attached below

Explanation:

3 0
3 years ago
Frolic Corporation has budgeted sales and production over the next quarter as follows: July August September Sales in units 46,5
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Answer:

61,500 units

Explanation:

                                                      July           August            September

budgeted sales                         46,500         58,500             <u> </u><u>61,500</u>

budgeted production                47,050         58,800              63,150

beginning inventory                    5,300           5,850               6,150

ending inventory                         5,850           6,150                 7,800

ending inventory August = beginning inventory + budgeted production - budgeted sales = 5,850 + 58,800 - 58,500 = 6,150

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8 0
3 years ago
Joe Chin bought a house for $180,000. He made a 20% down payment. Joe secured a loan for the balance of the purchase price at 6.
Ivan

Answer:

  910.18

Explanation:

After Chin's down payment the amount borrowed is ...

  (1 - 20%)($180,000) = 0.80·$180,000 = $144,000

The amount of the payment is given by the amortization formula ...

  A = P(r/n)/(1 -(1 +r/n)^(-nt))

for P borrowed at rate r for t years, compounded n times per year.

  A = 144000(0.065/12)/(1 -(1 +.065/12)^(-12·30)) = 910.18

The monthly loan payments will be 910.18.

6 0
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