T/F
Andrea agrees to sell Joe a comic book for $600. This contract needs to be in writing in order to be enforceable.
he answer is False
Most contracts may be either written or oral, and still be legally enforceable, but to be binding, certain agreements must be in writing. However, oral contracts are very difficult to enforce because there is no clear record of the bid, assessment and acceptance in general, in order to be enforceable, the following forms of contracts must be performed in writing. However, contracts entered into verbally in any of those categories are not necessarily deemed "void." But they are called "evitable," and any party may at any time any support or deny them.
Real estate sales; contracts for paying someone else's debts; contracts that take more than one year to complete; real estate leases for more than one year; contracts for more than a certain sum of time (depending on the state); contracts that last longer than the life of the contracting party; and a transfer of property at the death of the contracting party.
T/F Andrea agrees to sell Joe a comic book for $600. This contract needs to be...
T/F Andrea agrees to sell Joe a vacant lot for $400. This contract needs to be in writing in order to be enforceable. Andrea promises to give Joe $75 next Thursday. This arrangement involves consideration. Andrea owes Joe $75, due on Monday. She cannot get him the money by then. She tells him that if he waits until Thursday, she will pay him $80, and he agrees. This arrangement involves consideration. Andrea and Joe are dating, and he moves into her...
Need help on E, F, and G.
PA 12-3 Joe Birra needs to purchase malt for his... Joe Birra needs to purchase malt for his micro-brew production. His supplier charges $40 per delivery (no matter how much is delivered) and $1.25 per gallon. Joe's annual holding cost is 30% of the price per gallon. Joe uses 200 gallons of malt per week. a. Suppose Joe orders 125 gallons each time. What is his average inventory? gallons (Round your answer to...
COMPREHENSIVE PROBLEMS Select problems are available in Connect 81. Joe operates a business that locates and purchases specialized assets for clients, amono connedt other activities. Joe uses the accrual method of accounting but he doesn't keep any significant inventories of the specialized assets that he sells. Joe reported the follow financial information for his business activities during year 0. Determine the effect of each of the following transactions on the taxable business income. a) Joe has signed a contract to...
1) T/F In order to amplify a gene by PCR, one needs to know the exact DNA sequence of the regions flanking the gene. 2) T/F The initiation complex for translation includes transfer RNA-MET. 3) T/F A mutation that changes the amino acid sequence in a protein sometimes increases the fitness of the individual. 4) T/F A mutation in the TATA box will change the level of gene expression. 5) T/F Pyrimidine dimer formation is a common cause of DNA...
MERCHANDISING ACOUNTING Joe B Joe Blink opened Blink Corporation. It has issued 20.000 shares of $4 par value common stock. Blink anplies the authorized 900,000 share. The corporation is a merchandising business. Blink appies" periodic inventory system. Also Blink provides a 2 vear warranty with one of its produce which was first sold in October. Blink Corporation Trial Balance September 30 Dr. Cash Inventory Land $ 54,000 14,000 45,000 500,000 Plant Building Accumulated Depreciation-plant 200,000 4,000 Equipment 12,000 Accumulated depreciation--equipment...
MERCHANDISING ACOUNTING Joe Blink opened Blink Corporation. It has link Corporation. It has issued 20,000 shares of $4 par value common stock. It authorized 900,000 S od 900,000 share. The corporation is a merchandising business. Blink ventory system. Also Blink provides a 2-year warranty with one of its products which was first sold in October. Blink Corporation Trial Balance periodic inventory system September 30 Cr. Cash Dr. $ 54,000 14,000 Inventory Land 45,000 Plant Building 500,000 Accumulated Depreciation-plant Equipment 200,000...
MERCHANDISING ACOUNTING Joe Blink opened Blink Corporation. It has issued 20,000 shares of $4 par value common stoc Bli anplies the authorized 900,000 share. The corporation is a merchandising business. Blink appies" periodic inventory system. Also Blink provides a 2 vear warranty with one of its products which was first sold in October. Blink Corporation Trial Balance September 30 Dr. Cash $ 54,000 Inventory Land 14,000 45,000 500,000 Plant Building Accumulated Depreciation-plant 200,000 1 4,000 Equipment 12,000 Accumulated depreciation--equipment Common...
And there was a buy-sell arrangement which laid out the
conditions under which either shareholder could buy out the other.
Paul knew that this offer would strengthen his financial
picture…but did he really want a partner?It was going to be a long
night.
read the case study above and answer this question
what would you do if you were Paul with regards to financing,
and why?
ntroductloh Paul McTaggart sat at his desk. Behind him, the computer screen flickered with...
Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...