Homework Answers
Ans: bilateral
Explanation:
An unilateral contracts involve only promisor while bilateral contracts involve both a promisor and a promisee. A lease is a bilateral contact if the option is executed. In the above example, Alison and Gary has executed the contract. So, it is a bilateral contact.
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Question 4 1 pts Gary and Alison enterinto a lease. Alison, the landlord, promises to lease her house to Gary and,...
1 points Save Ans Windsor, the owner of Windsor's Sandwiches, contacts a new supplier, Gary. He...
1 points Save Ans Windsor, the owner of Windsor's Sandwiches, contacts a new supplier, Gary. He tells Gary that he will pay him $375 if Gary delivers 20 pounds of cheese the following morning Gary promises to make the delivery as requested by Windsor. This creates a(n) contract between them executory implied-in-law unilateral bilateral
Annuity due. Reginald is about to lease an apartment for 12 months. The landlord wants him...
Annuity due. Reginald is about to lease an apartment for 12 months. The landlord wants him to make the lease payments at the start of the month. The monthly payments are $1,600 per month. The landlord says he will allow Reg to prepay the rent for the entire lease with a discount. The one-time payment due at the beginning of the lease is $18,286. What is the implied monthly discount rate for the rent? If Reg is earning 0.7% on...
Annutiy Due. Reginald is about to lease an apartment for 36 months. The landlord wants him...
Annutiy Due. Reginald is about to lease an apartment for 36 months.
The landlord wants him to make the lease payments at the start of
the month. The monthly payments are $1,300 per month. The landlord
says he will allow Reg to prepay the rent for the entire lease with
a discount. The one-time payment due at the beggining of the lease
is $39,531.
What is the implied monthly discount rate for the rent? If Reg
is earning 1.5% on...
Matt promises to pay Ted $100 in exchange for Ted's promise to paint Matt's house. This...
Matt promises to pay Ted $100 in exchange for Ted's promise to paint Matt's house. This is an example of a(n): illusory promise. bilateral contract unilateral contract. invitation to bargain. assignment Identify the correct statement about common-law contracts. O Contracts between merchants are governed by common-law contracts. Common-law contracts govern the sale of goods. Common-law contracts provide more flexibility in contract formation than exists in the UCC All common-law contracts are bilateral. All common-law contracts must contain valid consideration If...
P4-13 (similar to) Question Help Annuity due. Reginald is about to lease an apartment for 12...
P4-13 (similar to) Question Help Annuity due. Reginald is about to lease an apartment for 12 months. The landlord wants him to make the lease payments at the start of the month. The monthly payments are $1,000 per month. The landlord says he will allow Reg to prepay the rent for the entire lease with a discount. The one-time payment due at the beginning of the lease is $11,368. What is the implied monthly discount rate for the rent? If...
Business Law 1) Sally has signed a 12 month on an apartment with Ted the landlord....
Business Law 1) Sally has signed a 12 month on an apartment with Ted the landlord. After two months Sally decides to move to another town to seek a better job and tells Ted she is breaching her lease. Ted spends two months angrily demanding that she pay the rent even she isn't living there and then decides to find a new tenant. He places ads in several papers and real estates magazines, which cost him $250. He receives applications...
Need help for Business law class, practice multiple choice questions. Please provide the solutions down below....
Need help for Business law class, practice
multiple choice questions. Please provide the solutions down below.
I know the picture doesn't really show the full question but just
put A.B.C. or D.
altiple Choice the choice that bess completes the statement or amawers the question Which of the following contracts are manifested by words wither spoken or written? 1. a. implied b. valid e. express. d. executory 2. Which of the following agreement would the court consider void: a. illegnl...
A unilateral contract is formed when the offeror makes an offer to pay money for some service by the offeree the of...
A unilateral contract is formed when the offeror makes an offer to pay money for some service by the offeree the offeree performs an act requested by the offeror. the offeror solicits a promise of performance from the offeree the offeree promises to perform an act requested by the offror. b. A contract that is formed by the acts and conduct of the parties is called_ contract a. an implied-in-law b. an implied-in-fact express d. implicit C. Rocky was hired...
Question 3 1 pts Sandra signed a 8-year lease for her new business. The full annual...
Question 3 1 pts Sandra signed a 8-year lease for her new business. The full annual lease amount is due at the beginning of every year. She will pay 27,645 dollars now for the first year, and each subsequent payment will increase by 3% per year. If the interest rate is 7% per year, compounded monthly, compute the net present value of the lease. (note: round your answer to two decimal places; do not include spaces or dollar signs.)
Question 9 4 pts Brian offers Nina $1000 for her three-year-old laptop computer, which cost $1,500...
Question 9 4 pts Brian offers Nina $1000 for her three-year-old laptop computer, which cost $1,500 when Nina purchased it. Nina accepts. If a dispute arises under the contract, a court would most likely do which of the following: O Set aside the deal after questioning the adequacy of consideration ORewrite the deal after questioning the adequacy of consideration Enforce the deal after questioning the adequacy of consideration Not question the adequacy of the consideration. Question 12 2 pts Brookdale...
1 points Save Ans Windsor, the owner of Windsor's Sandwiches, contacts a new supplier, Gary. He tells Gary that he will pay him $375 if Gary delivers 20 pounds of cheese the following morning Gary promises to make the delivery as requested by Windsor. This creates a(n) contract between them executory implied-in-law unilateral bilateral
Annutiy Due. Reginald is about to lease an apartment for 36 months.
The landlord wants him to make the lease payments at the start of
the month. The monthly payments are $1,300 per month. The landlord
says he will allow Reg to prepay the rent for the entire lease with
a discount. The one-time payment due at the beggining of the lease
is $39,531.
What is the implied monthly discount rate for the rent? If Reg
is earning 1.5% on...
Matt promises to pay Ted $100 in exchange for Ted's promise to paint Matt's house. This is an example of a(n): illusory promise. bilateral contract unilateral contract. invitation to bargain. assignment Identify the correct statement about common-law contracts. O Contracts between merchants are governed by common-law contracts. Common-law contracts govern the sale of goods. Common-law contracts provide more flexibility in contract formation than exists in the UCC All common-law contracts are bilateral. All common-law contracts must contain valid consideration If...
P4-13 (similar to) Question Help Annuity due. Reginald is about to lease an apartment for 12 months. The landlord wants him to make the lease payments at the start of the month. The monthly payments are $1,000 per month. The landlord says he will allow Reg to prepay the rent for the entire lease with a discount. The one-time payment due at the beginning of the lease is $11,368. What is the implied monthly discount rate for the rent? If...
Need help for Business law class, practice
multiple choice questions. Please provide the solutions down below.
I know the picture doesn't really show the full question but just
put A.B.C. or D.
altiple Choice the choice that bess completes the statement or amawers the question Which of the following contracts are manifested by words wither spoken or written? 1. a. implied b. valid e. express. d. executory 2. Which of the following agreement would the court consider void: a. illegnl...
A unilateral contract is formed when the offeror makes an offer to pay money for some service by the offeree the offeree performs an act requested by the offeror. the offeror solicits a promise of performance from the offeree the offeree promises to perform an act requested by the offror. b. A contract that is formed by the acts and conduct of the parties is called_ contract a. an implied-in-law b. an implied-in-fact express d. implicit C. Rocky was hired...
Question 3 1 pts Sandra signed a 8-year lease for her new business. The full annual lease amount is due at the beginning of every year. She will pay 27,645 dollars now for the first year, and each subsequent payment will increase by 3% per year. If the interest rate is 7% per year, compounded monthly, compute the net present value of the lease. (note: round your answer to two decimal places; do not include spaces or dollar signs.)
Question 9 4 pts Brian offers Nina $1000 for her three-year-old laptop computer, which cost $1,500 when Nina purchased it. Nina accepts. If a dispute arises under the contract, a court would most likely do which of the following: O Set aside the deal after questioning the adequacy of consideration ORewrite the deal after questioning the adequacy of consideration Enforce the deal after questioning the adequacy of consideration Not question the adequacy of the consideration. Question 12 2 pts Brookdale...
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