Business High School

The Statute of Frauds a. applies only to executed contracts b. requires certain contracts to be in writing c. states that written contracts cannot be changed by oral evidence d. none of these

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Answer 1

Answer:

b. requires certain contracts to be in writing

Explanation:

Statute of Fraud is one that requires certain types of contracts to be in writing in order to be valid.

For example when selling goods the quantity and price of the goods must be stated in case of any future issue. The written contract can be referred to.

However there are some exceptions to statutes of fraud, and they are when there is admission, performance, or promissory estoppel.

Related Questions

Analyze why the scenario below fails to meet the criteria for a SWOT analysis:

The farming co-op determines that it needs to borrow $100,000 for new equipment to plant cherry orchards. The FFA (Future Farmers of America) is eager to help with the planting. However, the price of farmland has increased astronomically in the past five years as suburbanites have moved farther into the country.

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Answer:

i am looking for it.

Explanation:

Only a fraction of people who are unsatisfied actually complain. True False

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Answer:

True

Explanation:

the types of milatary are safe

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Answer: US Air Force and Navy

Explanation:

Which of the following is considered a taxpayer’s capital asset? A. Taxpayer’s house B. Real estate used in the trade or business C. Depreciable property used in the trade or business D. Supplies regularly used in the trade or business

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Answer:

well its 5 more points

Explanation:

Which of the following is considered a taxpayer€™s capital asset? A. Taxpayer€™s house B. Real estate used in the trade or business C. Depreciable property used in the trade or business D. Supplies regularly used in the trade or business


QUESTION 8 of 10: True or False: Freestanding locations have lots of direct competition

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Answer:

false

Explanation:

what is profit and loss account​

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La cuenta de pérdidas y ganancias (P&G) es un estado financiero que resume los ingresos, los costos y los gastos incurridos durante un período específico, generalmente un trimestre o año fiscal. La cuenta de pérdidas y ganancias es sinónimo de la cuenta de resultados. Estos registros proporcionan información sobre la capacidad o incapacidad de una empresa para generar beneficios mediante el aumento de los ingresos, la reducción de los costos o ambos. Algunos se refieren al estado de ganancias y pérdidas como un estado de ganancias y pérdidas, estado de resultados, estado de operaciones, estado de resultados financieros o ingresos, estado de ganancias o estado de gastos

Answer:

Explanation:

Profit and loss is not an account. It is calculated by taking the difference between the revenues minus the expenses of a business. If there are more revenues than expenses, the difference is positive or a Profit. If there are more expenses than revenues, the difference is a negative or a Loss.

A short run production function of a competitive firm is given by Y= 6L^(2/3) where Y represents the units of output while L is the labour required. If Price (P)= 3 and Wage (W)= 6, how many units of labour (L) will the firm hire?
I need help with this, thank you!!!!!!!!!​

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Answer:

Economists often use a short-hand form for the production function: Q=f[L,K] Q = f [ L , K ] , where L represents all the variable inputs, and K represents all the fixed inputs.To determine the optimal capital-labor ratio set the marginal rate of technical substitution equal to the ratio of the wage rate to the rental rate of capital: K L = 30 120 , or L = 4K. Substitute for L in the production function and solve where K yields an output of 1,000 units: 1,000 = (100)(K)(4K), or K = 1.58.The production function is f(x1, x2) = x1/21x1/22. If the price of factor 1 is $12 and the price of factor 2 is $24, in what proportions should the firm use factors 1 and 2 if it wants to maximize profits? x1 = 2x2.There is no difference between fixed and variable factors of production. There are 3 stages namely, increased returns, constant returns, and decreasing returns, and no stage is considered best for the long run.Least Cost Rule: production at least cost requires the ratio of labor's marginal product to its price equals the ratio of capital's marginal product to its price. The amounts of labor and capital employed must be adjusted, all the while keeping output constant, until this condition is achieved.

Explanation:

Gamma, Inc., has struggled for industry dominance with Ardent, Inc., its main competitor, for years. Gamma has gathered and analyzed large amounts of competitive intelligence about Ardent. It has observed as much of the firm's internal functioning and technology as it can legally, yet Gamma cannot understand why Ardent has a competitive advantage over it. The source of Ardent's success is: Group of answer choices unfair. causally ambiguous. impregnable. non-substitutable.

Answers

Answer:

Option B, Causal ambiguity

Explanation:

Causal ambiguity defines the situation where there is lack of understanding of  cause-and-effect interactions between resources and competitive advantage. This is the case with the Ardent  having a competitive advantage over Gamma. It relates the ambiguity between resources and performance  of available resources.

Option B is correct

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