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3 years ago

Shockingly inadequate consideration can indicate the existence of what exceptions? choose three:

Business

1 answer:

Kipish [7]3 years ago

6 0

This can indicate fraud, duress, or undue influence.

In contracts, "consideration" is the things of value each side gives up in an exchange. So if one side gives $1 for a cup of coffee, that might be ok. Now, consider if the contract was to sell your entire house for $1! That would be a shockingly inadequate exchange because even the cheapest home is worth way more than $1.

In that case, the judge might look at why someone would be willing to give up so much for so little. Were they falsely told there home was worth nothing or maybe told that they would get $1 upfront and more later? That would be fraud. Were they told to sign the contract with a gun pointed at their head? That is an example of duress. Finally, did the person helping them with the contract have undue influence? If your boss, parent, or favorite celebrity advises you to do something that you don't want to do, but you worry about what they will thing if you don't, then you were a victim of their undue influence.

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For all of the following questions, refer to the following table, which gives financial information for Apple for fiscal year 20

taurus [48]

Answer:

a. 27.9%

Explanation:

The formula and the computation of the gross profit are shown below:

Gross profit = (Gross profit) ÷ (Sales) × 100

where,

Gross profit = $1,604

And, the sales revenue is $5,742

So, the gross profit is

= ($1,604) ÷ ($5,742) × 100

= 27.9%

By dividing the gross profit by the sales we can get the gross profit

3 0

3 years ago

For each of the following fiscal policy proposals, determine whether the primary focus is on aggregate demand, aggregate supply,

Bad White [126]

Answer:

2. (i) demand-side; (ii) both; (iii) supply-side; (iv) supply-side; (v) both

Explanation:

a. $1,000 per person tax reduction ⇒ focus on aggregate demand (more money for consumers to spend)

b. a 5% reduction in all tax rates ⇒ focus on both aggregate demand and supply (more money for consumers and suppliers)

c. Pell Grants, which are government subsidies for college education ⇒ focus on aggregate supply (more money for suppliers of college education)

d. government-sponsored prizes for new scientific discoveries ⇒ focus on aggregate supply (more money for suppliers of new scientific discoveries)

e. an increase in unemployment compensation ⇒ focus on both aggregate demand and supply (more money for consumers resulting in higher prices and lower output)

4 0

3 years ago

Why is a high-quality bond typically considered a lower-risk investment than a stock?

Verdich [7]

In investment, the term risk can be defined as the possibility of the investor losing all or part of their capital in a given venture. High quality bonds are considered lower risk because the the investor is promised to receive face value after a certain period unlike stocks that do not carry the same promise. Returns on high quality bonds are also guaranteed in the form of fixed interest rates whereas in stocks, a company may pay dividends but this is not an obligation on their part. Lastly bonds are safer investment as they are less susceptible to abnormal price changes unlike stocks whose prices can easily swing in either direction.

8 0

3 years ago

a salesman bought 2 dozen television sets at $300 each. he sold two-thirds of them at a 25% profit but was forced to take a 30$

alukav5142 [94]

Original price: 24 times 300 = 7200

Making money: 0.25*(2/3)24*300 = 1200

Loss: 0.3*(1/3)24*300 = 720

Profit overall = 120–720 = $480

A good that is commonly accepted as a medium of economic exchange is money. It serves as the main determinant of wealth and the medium through which prices and values are expressed. It is used as a medium of exchange since it can move anonymously from one person to another and from one country to another.

The primary function of money is to enable a trade to occur without the dreaded double coincidence of barter by enabling the distinction between buying and selling.

Theoretically, credit may fulfil this need, but the supplier would need to know the probability of repayment before extending credit. In contrast to using money, this requires far more information on the customer and involves informational and verification fees.

Learn more about money here:

brainly.com/question/22984856

#SPJ4

7 0

1 year ago

Why is a consumer likely to be worse off when a product that he or she consumes is rationed?

KIM [24]

When the price of the good is fixed at a level below the current (equilibrium) price, there will be a shortage of the good and the good will have to be effectively rationed. As in the question above, the consumer is worse off because she is not able to attain her utility maximizing point.

5 0

3 years ago