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gtnhenbr [62]
3 years ago
7

Markel entered into a contract with jaylin to paint a portrait for her in consideration of $600. This contract was freely negoti

ated. There was nothing in the terms of the agreement about when markel had to start on the portrait or how long it should take him to finish. It took markel a long time to complete the portrait, almost 18 months. Which of the following is true of this contract?
SAT
1 answer:
Alina [70]3 years ago
6 0

This kind of contract is a<u> unilateral contract </u>

<h3>Unilateral contract </h3>

A unilateral contract is a type of contract whereby only a party in the contract is willing to offer something in exchange for performance of the other party.

In the contract entered between Markel and Jaylin, Jaylin will pay Markel $600 for the painting but does not give Marke a time limit for delivering the job. Therefore the offer is based on Markel's performance and Markel is not fully obligated as well.

Hence we can conclude that the kind of contract is a unilateral contract.

Learn more about unilateral contract : brainly.com/question/25313756

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The structure of the divine comedy and the poetic form that dante uses, reinforces his spiritual themes.

Dante's poetry is a masterpiece of medieval numerology, with deep intellectual and structural similarities in where certain sins and virtues are dealt with. The overall theme of this verse is becoming one with God, becoming one with the divine. Therefore, in this poem, multiples of 3 and 1 are used in a significant way.

The sequence in his poem, in which Dante first passes through Hell, then Purgatory, and then climbs the mountain to Heaven, reinforces another theme. One must be humble and recognize one's sins. He receives the gift of paradise. Dante must learn his lesson before he can reunite with Beatrice and approach the truly divine.

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The net income to be reported in the 2021–2020 comparative income statements is $15 million and $12 million.

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The journal entry to record the change in accounting principle will be:

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