this illustrates the principle of trade-offs
what is a trade off
A trade-off (or tradeoff) is a situational choice that entails diminishing or dropping one quality, quantity, or property of a fixed or layout in go back for profits in different aspects. In easy terms, a tradeoff is wherein one component increases, some other must decrease. Tradeoffs stem from boundaries of many origins, consisting of easy physics – for instance, only a positive quantity of items can match right into a given space, so a complete field should eliminate a few gadgets in an effort to be given any more, and vessels can convey some massive gadgets or more than one small gadgets. Tradeoffs additionally typically discuss with special configurations of a single item, which includes the tuning of strings on a guitar to allow special notes to be played, in addition to an allocation of time and interest in the direction of special tasks.
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A legal agreement that helps protect a lender if a borrower does not make required payments on notes or bonds is called a(n):
A mortgage is the legal agreement that helps protect a lender if a borrower does not make required payments on notes or bonds.
What is a mortgage?This refers to the legal agreement by which a bank or society lends its money at interest in exchange for taking title of the debtor's property with the typical condition that the conveyance of title becomes void upon the payment of the debt.
Often, these mortgage also gives the lender a right to be paid from the cash proceeds of the sale of a borrower's assets identified with.
Hence, it is the legal agreement that helps protect a lender if a borrower does not make required payments on notes or bonds.
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Which project management approach is an Agile framework that delivers products through an iterative process
In the agile framework, Scrum is one of the project management approaches that create the delivery of a product using an iterative process.
What is project management?Project management is referring to the task of regulating and controlling various projects in an efficient way.
When the management wants to make an iterative and incremental delivery of any product, then the agile method which can be used by them is called scrum. This method allows the team members to work efficiently and perfectly adaptable to any change.
Therefore, the technique under the agile framework being used for product delivery in an iterative process is the Scrum approach.
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Marigold Company sells merchandise on account for $4200 to Ivanhoe Company with credit terms of 2/10, n/30. Ivanhoe Company returns $1100 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check
The answer is $3038.
Discount term 2/10, n/30 means that the buyer will receive a discount of 2% if the invoice is paid within 10 days. Or else, he will have to pay the full amount of credit within 30 days time frame.
In the given question, the buyer i.e., Ivanhoe Company has returned goods worth $1,100.
Also, it has paid the remaining amount within the discount period which is of 10 days.
Thus, the amount paid by Ivanhoe Company can be calculated as:
Amount of check = (Invoice Value - Value of goods returned) - Discount amount
= ($4,200 - $1,100) - 2%
= $3,100 - 2%
= $3,038
Hence, the amount of the check is $3038.
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Curtis was recently laid off and was given severance pay on the condition that he agreed not to criticize the organization publicly. What is this an example of
This is an example of a non-disparagement agreement.
What is a non-disparagement agreement?A part of an agreement, such as an employment contract, separation agreement, or marital settlement agreement, stipulates that the involved parties are prohibited from making any negative statements, remarks, or representations about each other. Such clauses are in prevalent use to prevent (ex) employees from adversely affecting the business of employers with disparaging public statements either during or after the employment period has ended.
What Takes Place If a Non-Disparagement Clause Is Broken?
A non-disparagement agreement is still a contract with potential legal repercussions if you don't uphold your half of the bargain, just like any other legal instrument. A breach of a non-disparagement agreement typically has financial repercussions. You might be required to repay all or a portion of your severance pay if non-disparagement was a requirement for you to receive it, depending on the terms of the agreement.
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What happens to the total quantity supplied when the price of the product drops below $100?
When the price of the product drops below $100
the total quantity supplied increase.
Why will the supply increase?According to the law of demand, when the price of a given commodity is high the consumer demand less of the product but when the price is low more quantity of the product is demanded as the demand increases this increase supply at that given point in time.
Therefore, When the price of the product drops below $100 the total quantity supplied increase.
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Reggie owns a small stationery company in Tennessee and plans to enter the French market to sell his line of fine linen papers. He realizes that there are many business customs he will need to understand and conform to in order to succeed in France. What type of business custom is Reggie concerned with? global protocols cultural imperatives business axioms cultural exclusives business truism
The type of business custom is Reggie concerned with is Cultural imperatives.
Cultural imperatives are the customs of a nation that a business owner must comprehend and adjust to in order to succeed in that nation's market. Some cultural requirements, like the formality and rigid work culture of Japan, may be desirable, but others, like the widespread practice of bribery, may be seen as unfavorable or even illegal.
What are cultural imperatives in business?If relationships are to be successful, cultural imperatives are the business norms and expectations that must be met, conformed to, or avoided. Successful businesspeople are familiar with terms like the Latin American compadre.
Examples of the cultural demands, choices, and exclusivities in Denmark are:
Adherence to and recognition of cultural standards. The world's least corrupt country is Denmark. You must not indicate that they are able to detect corruption.Cultural practices are electives that you can choose to follow or not. This modification can be advantageous for company.Learn more about imperative at
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If Central Bank A cares only about keeping the price level stable and Central Bank B cares only about keeping output at its natural level, then in response to an exogenous decrease in the velocity of money: a. both Central Bank A and Central Bank B should increase the quantity of money. b. Central Bank A should increase the quantity of money whereas Central Bank B should keep it stable. c. Central Bank A should keep the quantity of money stable whereas Central Bank B should increase it. d. both Central Bank A and Central Bank B should keep the quantity of money stable.
A) Both Central Bank A and Central Bank B should increase the quantity of money.
What is the Central Bank?
A financial institution with exclusive authority over the creation and distribution of money and credit for a country or a group of countries is known as the central bank. In contemporary economies, the central bank is typically in charge of monetary policy formulation and member bank regulation. Inherently non-market-based or even anti-competitive institutions are central banks. Many central banks, despite the fact that some have been nationalized, are not part of the government and are therefore frequently hailed as being politically independent. However, even though a central bank isn't technically the government's property, its rights are still created and safeguarded by the law.
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Porsche is well known as a brand of luxury sports cars; accordingly, it has leveraged its brand name to introduce clothing offerings emblazoned with its logo. It has also licensed its logo to many different products, from sunglasses to guitars. If consumers begin to doubt the luxury status of the cars because anyone can afford a pair of sunglasses, Porsche might be at risk of:
If consumers begin to doubt the luxury status of the cars because anyone can afford a pair of sunglasses, Porsche might be at risk of brand dilution.
The weakening of a brand's strength that can happen when a firm supports too many brands and spreads its resources too thinly.When a brand loses value, often referred to as excessive brand expansion, it usually happens after the introduction of a product that isn't in line with the initial goals of the business. For instance, you would view the sudden release of a line of tennis shoes by a chocolate bar company as brand dilution.What is the best way to avoid brand dilution?
By remaining in their core markets, extending their quality standards to all of their new items, and making sure that they are still functioning with the consumer in mind, businesses can avoid brand dilution. A company's expansion into too many markets might result in brand dilution.Learn more about brand dilution brainly.com/question/13753329
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Menu costs refers to Question 44 options: resources used by people to maintain lower money holdings when inflation is high. resources used to price shop during times of high inflation. the distortion in incentives created by inflation when taxes do not adjust for inflation. the cost of more frequent price changes induced by higher inflation.
Menu costs refers to The cost of more frequent price changes induced by higher inflation.
Which of the following helps to explain why the inflation fallacy is a fallacy?The rise in nominal income typically coincides with an increase in the price level.Which of the following would most likely be called a hyperinflation?The average annual price rise was 300 percent.What is inflation fallacy?The inflation fallacy is the misconception that a rise in prices results in a corresponding decrease in purchasing power. Many economists contend that this is untrue because every purchase represents the income of a different person.Learn more about inflation fallacy here:
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A $100 petty cash fund has cash of $16 and receipts of $82. The journal entry to replenish the account would include a
A $100 petty cash fund has cash of $16 and receipts of $82. The journal entry to replenish the account would include a debit to Cash Over and Short for $2.
What is the Cash Over and Short Account?The primary use of the cash over and short account is in cash-intensive retail or banking environments, as well as for the handling of petty cash.
The cash over and short account is an account in the general ledger.The account stores the amount by which the actual ending cash balance differs from the beginning book balance of cash on hand, plus or minus any recorded cash transactions during the period.The cash over and short account is an excellent tool for tracking down fraud situationsLearn more about cash over and short accounts here:
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Which of the following is a defense to a charge of trademark infringement? Group of answer choices There is a good chance of the public being confused. The mark is distinctive. The statutory period protecting the trademark has expired. The mark or symbol is considerably different. The use is a "fair use."
The defense to a charge of trademark infringement is the use is a "fair use".
What is Trademark Infringement?Unauthorized use of a trademark or service mark on or in connection with products and/or services in a way that is likely to lead to misunderstanding, deceit, or error regarding the source of the goods and/or services is known as trademark infringement.A plaintiff must prove both that it owns a legitimate trademark that is entitled to protection and that the defendant used the same or a similar mark in commerce in connection with the sale or advertising of goods or services without the plaintiff's consent in order to succeed on a claim of trademark infringement.Some Examples of Trademark InfringementThe selling of garment manufacturers attaching brand labels to generic products in an effort to make them "pass off" as original is one such instance of trademark infringement.What are the Elements of Trademark Infringement?The three distinct criteria of "use," "in commerce," and "likelihood of confusion" must all be present in order to prove trademark infringement.
A limiting effect of the use requirement is that it prevents trademark owners from claiming a broad right to control language. Some actions taken by a seller or producer to profit from a rival's brand recognition do not qualify as "use" for the purposes of a trademark infringement claim.The following actions satisfy the "in commerce" requirement
the alleged infringer's advertising in multiple states;interstate transfer of goods from producer to seller that display an infringement mark;delivering a goods to a different state in order to register a trademark;advertising in publications with interstate distribution, on billboards near interstates, on radio or television stations with interstate broadcasting ranges, or in magazines with interstate distributionTo know more about Trademark Infringement
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Assume both Paul and Cliff divide their time equally between the production of corn and wheat, and they do not trade. If they are the only producers of wheat and corn, then total production of wheat and corn is
The answer is 7 bushels of wheat and 7 bushels of corn.
Referring to the diagram in the attached image.
If both Paul and Cliff dedicate their time entirely to one crop.
Paul can grow 8 bushels of wheat and Cliff can grow 6 bushels of wheat
Or Paul can grow 10 bushels of corn and Cliff can grow 4 bushels of corn.
But If they divide their time equally between the two crops, each can grow half of each crop,
Then Paul will be growing 4 bushels of wheat and 5 bushels of corn.
And Cliff will be growing 3 bushels of wheat and 2 bushels of corn.
Total production = Paul's production + Cliff's production
= (4 bushels of wheat+5 bushels of corn) + (3 bushels of wheat+2 bushels of corn)
= (4+3) bushels of wheat + (5+2) bushels of corn
= 7 bushels of wheat + 7 bushels of corn
Hence, total production is 7 bushels of wheat and 7 bushels of corn.
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The factor of increase in the money supply that occurs with each dollar of increase in reserves is called:
The factor of increase in the money supply that occurs with each dollar of increase in reserves is called money multiplier.
What is money multiplier?
Money multiplier determines how much money would increase when there is a change in the reserves. The money multiplier is a function of the reserve requirement. The reserve requirement is the percentage of deposits that must be kept as reserves with the Central Bank.
Money multiplier = 1 / reserve requirement
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When you make an electronic payment from your checking account, the bank __________ identifies the bank where you have an account.
Answer:
Routing Number
Explanation:
A unique set of numbers that lets the banks identify transactions, usually 9 digits.
_____ refers to a contractual, strategic partnership between two or more separate business entities to pursue a business opportunity together.
Joint Venture refers to a contractual, strategic partnership between two or more separate business entities to pursue a business opportunity together.
A joint venture is a partnership between two or more people that aims to develop one business or project for profit while splitting the associated risks. The joint venture's participants must consist of at least two different natural persons or entities.A joint venture is a company founded by two or more people that is typically distinguished by shared ownership, returns and risks, and governance.The typical life period of a joint venture is only five to seven years, and the total success rate of alliances is close to 50%.The joint venture's participants must consist of at least two different natural persons or entities.Thus this is the answer.
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The _____________ holds that a rise in price level will make domestic goods relatively more expensive, ____________ exports and _______________ imports. interest rate effect; encouraging; discouraging employment effect; discouraging; encouraging wealth effect; encouraging; discouraging foreign price effect; discouraging; encouraging
The foreign price effect holds that a rise in price level will make domestic goods relatively more expensive, discouraging exports and encouraging imports.
How can a country increase exports and decrease imports?By depreciating the home currency, exports can be increased while imports are decreased. In order to lower the cost of domestic goods and services and ultimately boost net exports, governments weaken their currencies.
What will force an increase in the price of a product?Increased output and higher cost levels will compel an increase in the product's pricing.
What is the meaning of domestic goods?The state of the nation: Expect higher product costs in the near future. In recent weeks, stories about soaring food prices have dominated the news. Green vegetables and other fresh food have reportedly seen a 200 percent price increase, while basic essentials like chicken and eggs have also gone up in price.
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Sue is a cashier at a grocery store. She is best characterized as being employed in the ________ sector of the labor force.
Sue is a cashier at a grocery store. She is best characterized as being employed in the retail establishment sector of the labor force.
Retail is the sale of goods and services to consumers, as opposed to wholesale, which is sold to customers of a company or institution. Retailers buy goods in bulk from manufacturers, either directly or through wholesalers.
Retail is the sale of goods and services to consumers, as opposed to wholesale, which is sold to customers of a company or institution. Retailers make a profit by buying bulk goods from manufacturers, either directly or through wholesalers, and selling them in small quantities to consumers.
The retail markets and shops have a very old history dating back to ancient times. Some of the early retailers were traveling to merchants.
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If a country is producing efficiently, it will produce __________ its production possibilities curve. If a country is producing inefficiently, it will produce __________ its production possibilities curve.
The answer is on and below.
In economics, the maximum output of two items with a certain quantity of input is measured by a production possibilities curve. The four variables of production—natural resources (including land), labor, capital goods, and entrepreneurship—combine to make up the input.
The PPF illustrates that a rise in one commodity's production can only occur when the output of the other commodity falls. Managers may use the PPF as a tool for making decisions when determining the best product mix for their organization.
Therefore, the first blank will be filled by on and second by below.
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Capacity planning requires demand forecasts for an extended period of time. Forecast accuracy tends to _______ as the forecasting horizon _______.
ABC Corp. received a 2-month, 8% per year, $1,500 note receivable on December 1. The adjusting entry on December 31 will include a ______. Multiple choice question. debit to Interest Revenue of $10 debit to Interest Receivable of $10 credit to Interest Receivable of $20 credit to Interest Revenue of $120
Answer:
debit to Interest Receivable of $10
Explanation:
In the first place, at the end of December, it would have been a month since the note receivable was received, which means that the interest for 1-month would have become due, in other words, the interest for 1 month is computed thus:
interest due=8%*1/12*$1,500
interest due=$10
The interest has not been received, the claims that the other party owes us $10 means that we would debit interest receivable with $10(asset) and we would credit interest revenue (income) because an increase in the asset is a debit entry whereas an increased income would have a credit entry.
As a result, the correct option has a value of $10 and a debit to interest receivable since there is no credit to interest revenue in the option
Answer: debit to Interest Receivable of $10
Explanation:
Critical Thinking Questions
1. How are consumer buying decisions related to successful financial management?
2. What are some of the strategies that you currently use to make consumer buying decisions? Do you think your strategies are helping or hindering your financial plan? Why? Are there improvements that you could make in your buying decisions?
3. What are some of the ways to reduce your risk of becoming a victim of identity theft?
4. What are three different advertising techniques that sponsors use to encourage you to buy a product? Describe each technique.
5. What should you do if you are a victim of identity theft?
The way consumer buying decisions are related to successful financial management is If the consumer spends their money according to their financial plan it would be successful.
What is Consumer Decision?This refers to the decision that is taken by the customer about what to purchase and this affects demand and supply.
Hence, we can see that some strategies that can be used to make consumer buying decisions are:
Problem Recognition. ...Information Search. ...Evaluation of Alternatives. ...Purchase Decision. ...Purchase. ...Post-Purchase EvaluationRead more about consumer buying decisions here:
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Dynamic Resources reported the following information for year ending June 30, 2016 (values in millions): Plant, Property & Equipment, gross $3,000 Accumulated Depreciation 1,400 Plant, Property & Equipment, net 1,600 Salvage Value 200 The company also reported the following transactions on the first day of fiscal 2017: Sale of asset with gross PP&E of $600 million for $500 million and useful life of 3 years and no salvage value. Recorded a gain on sale of $300 million. Write off of asset with gross PP&E of $400 million. Asset was purchased 3 years ago with original useful life of 4 years and salvage value of $200 million. Purchase of new equipment for $1,400 million with useful life of 8 years and no salvage value. Assuming the remaining useful life of other equipment is 10 years on a straight-line basis, what is the net PP&E as of June 30, 2017?
Based on the various entries for fixed assets owned by Dynamic Resources, the net PP&E as of June 30, 2017 is $2,260 million.
How much is the PP&E as of June 30, 2017?This can be found as:
= (Value of old assets - Old asset depreciation in 2017) + (Value of new assets - New asset depreciation in 2017)
Value of old assets:
= 1,600 - 200 for sale of assets - 250
= $1,150 million
Net PP&E is:
= (1,150 - (1,150 / 10 years)) + (1,400 - (1,400 / 8 years useful life))
= $2,260 million
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It is well known in her company that Magdas team is always working under tremendous pressure; every day brings a new fire drill. While Magda seems to thrive in this fast-paced environment and likes to say, I never know where the day will take me, her team is suffering and their workload is not sustainable. In which area is Magdas manager likely to suggest that she obtain some leadership training?
Magdas manager is likely to recommend that she take a leadership development course based on scenario planning..
What is scenario planning?Scenario planning aids decision-makers in evaluating answers, identifying possible outcomes and implications, and planning for both positive and bad outcomes. Businesses may avoid just reacting to events and become proactive by anticipating potential risks and possibilities.
Scenarios can be divided into four categories:
exploratorytarget-seekingpolicy-screening retrospective policy evaluationIn general, these many scenario types contribute to various decision-making situations.
What sorts of scenario planning are most common?Four categories of scenario planning
operational case studies. Quantitative scenarios realistic scenarios scenarios for strategic management.Why Is Scenario Planning Important?Because a scenario has been studied through and actions have been documented, scenario planning can give leaders a competitive advantage by enabling them to react swiftly and decisively in the event of a catastrophe.
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Price leadership Group of answer choices Is illegal under the Federal Trade Commission Act. None of the Answers are Correct Typically results in greater instability in oligopolistic markets. Permits oligopolistic firms in a given market to coordinate marketwide price changes. Is common in perfectly competitive markets.
Price leadership permits oligopolistic firms in a given market to coordinate market wide price changes.
What is oligopolistic competition?A circumstance where there are few sellers (of products that can be differentiated, but not much); each seller has a significant share of the market and cannot afford to ignore the other sellers' actions. An oligopolistic market (also known as an oligopoly) is characterized by the dominance of a small number of businesses that provide comparable products and services over a large number of others. In an oligopolistic market, there are few competitors, which limits competition and enables every firm to thrive. The environment often encourages cooperative behavior and regular business ties between companies.Know more about Oligopolistic Competition with the help of the given link:
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_______________ are best defined as for-profit and non-for-profit organizations, including individuals such as agents that play fundamental roles in facilitating, promoting, or encouraging B2B relationships between marketing organizations or B2C relationships between marketing organizations and end-use consumers.
Intermediary organizations
What are the intermediary organizations?Intermediary organizations are defined as ones that "support the provision of services by another organization rather than providing direct services itself."
What is the difference between a pro-profit and a nonprofit?Profit organizations are designed with the owners of businesses in mind. The goal of the nonprofit organization is to benefit society as a whole. Profit-making entities can take the shape of a corporation, a single proprietorship, or a partnership. Nonprofit entities include trusts, clubs, societies, committees, etc.
What do you mean by the term “profit organization”?To achieve financial success for one's own satisfaction to gain wealth in order to benefit society. The business, partnership, or single proprietorship might make up the organization. proprietors of businesses, either alone or with partners. members of committees, governing bodies, or trustees. Selling goods and services is how this type of business generates revenue.
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A mobile veterinary business, Portable Paws, Inc., created a mission statement long before it opened its doors for business. The mission statement referred to the unique characteristic of the business: a traveling pet unit whose veterinarians went to the home of the pet owner, rather than the pet owner bringing the pet to the clinic. What other criteria should be considered for the mission statement
Another criteria that has to be considered for the mission statement would be the customer that would be served and the social responsibility it owes to the environment.
What is a mission statement?This is a statement that is made by a company or and organization that tells us of their aims, obligations and their values.
One of these would be to serve customers efficiently and also operate in an efficient manner that would be beneficial to the environment.
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Economies of scale are said to exist when Group of answer choices inputs are increased by some percentage and output increases by the same percentage. inputs are increased by some percentage and output increases by a lesser percentage. inputs are increased by some percentage and output increases by a greater percentage. the LRATC curve slopes upward. none of the above
Economies of scale are said to exist when "inputs are increased by some percentage and output increases by greater percentage, causing unit costs to fall."
What is economic of scale?The phenomenon known as economies of scale occurs when the scale or magnitude of the production produced by a firm increases while the average cost per unit of output decreases.
Example of economic of scale is-
Economies of scale emerge when a company reaps the rewards of its size. A corporation gains from a variety of efficiency as it grows. For instance, serving 1,000 people at a restaurant is much more affordable and effective than serving just one.
Types of Economies of Scale are-
Internal Economies of Scale.External Economies of Scale. PurchasingManagerial.Technological.To know more about economies of scale, here
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True or False: Given the demand curve for EpiPens, you should tell Mylan CEO that total revenue will decrease if she raises the price of EpiPens because the demand curve in this region is relatively inelastic.
"Given the demand curve for EpiPens, you should tell Mylan CEO that total revenue will decrease if she raises the price of EpiPens because the demand curve in this region is relatively inelastic." this is False. Option B. This is further explained below.
What is the demand curve?Generally, a graphical representation of the relationship between the price of a product or service and its quantity demanded.
In conclusion, Given the shape of the EpiPen demand curve in this area, the statement that "total income would decline if she increases the price of EpiPens" is false.
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The distinction between a condition precedent and a condition subsequent a. is important because it determines whether the burden of proof is beyond a reasonable doubt or preponderance of the evidence. b. is important because it determines whether the condition must be express or whether it can be implied. c. seldom arises in insurance cases. d. determines who has the burden of proof
determines who has the burden of proof
A condition precedent is one the fulfillment of which completes an inchoate title. A condition subsequent is one of the fulfillments which extinguishes a title already completed
A condition precedent can either be implied or expressly stated in the terms of the contract.
What is Precedent Condition ?Condition precedent: an event that must occur (or be waived) before there is a duty to perform that contact on the part of the party in whose favor that condition runs.
What is Condition Subsequent ?A condition subsequent excuses contractual performance if some future event takes place or situation arises.
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List the six characteristicscthat should be on every main entrance
Answer:
love one another
always share
don't be undisciplined
be tolerant
no insulting
lets have fun
Explanation: