In the context of contracts formed by promises, a bilateral contract is defined as: Multiple Choice an agreement in which a promise is made in exchange for performance. an agreement wherein at least one party has the right to withdraw without incurring liability. a judicial remedy to prevent one party from receiving unjust enrichment. an agreement containing mutual promises. one that appears to be an agreement but lacks an essential requirement for validity.

Answers

Answer 1

An agreement containing mutual promises. Workers on a building are guaranteed that their contractors will pay them at the end of each month.

How do bilateral contracts work?

A bilateral contract is a legally binding arrangement between two parties wherein each exchanges commitments to carry out and execute one-half of a deal. Because it makes both parties into what is known as an "obligor," or a person or party who is bound to another, this contract form is one of the most often utilized binding agreements.

Due to their widespread usage, sales contracts and bilateral contracts are frequently used interchangeably. An obligor has violated the bilateral agreement if they don't carry out their obligation (and of course, vice versa).

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Related Questions

Linking executive pay to stock price can have the unintended result of rewarding: Multiple Choice ethical behaviour. unethical behaviour. investing in new technology.

Answers

Linking executive pay to stock price can have the unintended result of rewarding unethical behavior. option b is correct.

What are unethical behaviors?

This is a term that is used to refer to the set of behaviors that are carried out in the corporate setting which go against the norms of the organization.

Doing such a linking has a way of rewarding the unethical behavior of the people in the work place.

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friedman and phelps suggested that there should not be a stable relationship between inflation and unemployment, but there should be a stable relationship between:

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Friedman and Phelps suggested that there should not be a stable relationship between inflation and unemployment, but there should be a stable relationship between: unanticipated inflation and cyclical unemployment.

What is inflation?

This is the time in the government or the economy of a nation where they are faced with the rise in the prices of goods and services.

This may cause people to lose their jobs and also cause people to buy less of goods and services.

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You work at an agency and one of your clients wants to track performance by product category (ex: apparel) and gender. They already passed the optional and required attributes for apparel in the product feed. How could they achieve granular reporting

Answers

The inference is that they can achieve granular reporting by minimizing the time used.

What is an inference?

An inference is the conclusion deduced based on the information given in a sentence.

In this case, the inference is that they can achieve granular reporting by minimizing the time used.

This relates to the minimum time intervals at which then data will be reported.

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In june, a client buys 100 shares of xyz corporation at $27 per share and writes an xyz october 30 call at a $3 premium. the trade is executed in a cash account. what is the breakeven point for the writer

Answers

The breakeven point for the writer on the share trading is equal to $24.

The third option is the correct answer.

What is a breakeven point?

A breakeven point is a situation where the company earns no profit and no loss amount in the Cost-Volume-Profit (CVP) analysis.

Given values:

Share price: $27

Premium per share: $3

Computation of breakeven point:

[tex]\rm\ Breakeven \rm\ point = \rm\ Share \rm\ price - \rm\ Premium \rm\ per \rm\ share\\\rm\ Breakeven \rm\ point = \$27 - \$3\\\rm\ Breakeven \rm\ point = \$24[/tex]

Question's missing part:

The options are as follows:

1) $33

2) $30

3) $24

4) $33

Therefore, the point where the shares are breakeven is $24.

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When you have a debt, which is the
percentage used to calculate the
extra money you need to pay?
A. Original amount borrowed
B. Interest
C. Interest rate

Answers

Answer:

C - Interest Rate.

This is because the "extra money" is the interest and the borrower will calculate with interest rate.

Hope this helps!

What does copyright law protect?

Answers

Answer:

Copyright, a form of intellectual property law, protects original works of authorship including literary, dramatic, musical, and artistic works, such as poetry, novels, movies, songs, computer software, and architecture.

Departmental information for the four departments at Samoa Industries is provided below. Total Cost Cost Driver Square Feet Number of Employees Janitorial $150,000 Square footage serviced 200 40 Cafeteria 50,000 Number of employees 20,000 12 Cutting 1,125,000 4,000 120 Assembly 1,100,000 16,000 40 The Janitorial and Cafeteria departments are support departments. Samoa uses the sequential method to allocate support department costs, first allocating the costs from the Janitorial Department to the Cafeteria, Cutting, and Assembly departments. Question Content Area 1. Determine the dollar amount of the Janitorial Department costs to be allocated to the: a. Cafeteria Department $fill in the blank d3a3f7fe8044fdc_1 b. Cutting Department $fill in the blank d3a3f7fe8044fdc_2 c. Assembly Department $fill in the blank d3a3f7fe8044fdc_3 Question Content Area 2. Determine the dollar amount of the Cafeteria Department costs to be allocated to the: a. Cutting Department $fill in the blank e20147f63072f97_1 b. Assembly Department

Answers

The dollar amount of the Janitorial Department costs is $30,000 and $120,000 respectively while the dollar amount of the Cafeteria Department costs is $10,000 and $40,000.

Dollar amount of the Janitorial Department:

Cutting department:

= $150,000 X 4,000 / (4,000 + 16,000)

= $30,000

Assembly department:

= $150,000 X 16,000 / (4,000 + 16,000)

= $120,000

Dollar amount of the Cafeteria Department:

= $50,000 X 4,000 / (4,000 + 16,000)

= $10,000

Assembly department:

= $50,000 X 16,000 / (4,000 + 16,000)

= $40,000

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Which nims management characteristic is necessary for achieving situational awareness?.

Answers

The NIMS Management Characteristic is facilitating information sharing is Integrated Communications.

What are the characteristics of NIMS?

All levels of government are governed under the National Incident Management System (NIMS). Common nomenclature, modular organization, management by objectives, and incident action planning are some of the key traits.

Interoperable communication methods and systems, which include voice and data linkages, are developed and put to use to facilitate integrated communications.

To sustain connectivity, establish situational awareness, and make information sharing easier, integrated communications are required.

As a result, integrated communications is the correct option.

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the primary reason that governments tax economic activity is:

Answers

The primary reason why the government taxes economic activities is to generate revenue in order to pay for services rendered t the citizens.

What is Tax?

Tax is a mandatory financial charge or levy imposed on taxpayers by a governmental organization in order to generate revenue to fund government spending.

Taxes are imposed on economic activities primarily to generate revenue for the government and fund government spending. Thes taxes are used to build infrastructures and pay workers.

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During delivery of a 2023 ariya equipped with propilot assist 2. 0, what should you point out to your customers about the turn signal stalk?.

Answers

As a sales person,  one should point out the benefits of the of the car to the customers..

What should you point out to your customers about the turn signal stalk?

This is a business question that relates to how you wan to market the benefits of a product to your clients. In this case the Product is the SUV - Ariya by Nissan.

The focus should be on the benefits of the Turn Signal Stalk to the customers not  on the technology involved in the process.

That way, you customers can connect more with what they stand to get rather than how you created the utility.

The Turn Signal Stalk is a button that makes it easy to navigate the vehicle. Pushing it up is for a right turn, while pushing it down is for a left.

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What actions would the fomc likely take if it were to pursue contractionary monetary policy using open market operations?.

Answers

The key movements via are to increase the economy consist of a decreased bargain fee, buying government securities, and a decreased reserve ratio.

When the Fed makes use of contractionary policy?

When GDP in a kingdom is growing too fast, inflicting inflation to grow past a suited charge of two%, central banks will put in force a contractionary economic coverage. The Federal Reserve, or any principal financial institution, has three primary pieces of equipment to reduce the money supply.

A direct advantage of contractionary economic coverage is that it strengthens government budgets. As an instance, whilst the Fed's bargain price increases, the government earns extra cash from the banks that borrow budget from the Fed's cut price window. The government can use this supply of sales to offset spending and decrease price range deficits.

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Using the aging approach, management estimates that 10% of the $10,000 of Accounts Receivable will be uncollectible. The Allowance for Doubtful Accounts has a $100 unadjusted credit balance. After the bad debt adjusting entry is recorded, Bad Debt Expense on the income statement will be ______ the Allowance for Doubtful Accounts on the balance sheet. Multiple choice question. the same amount as $100 less than $100 more than

Answers

Using the aging approach management estimates that 10% of the $10,000 of Accounts Receivable will be uncollectible.  The Allowance for Doubtful Accounts has a $100 unadjusted credit balance. After the bad debt adjusting entry is recorded, Bad Debt Expense on the income statement will be the same amount as $10,000 the Allowance for Doubtful Accounts on the balance sheet.

What is Accounts Receivable?

Accounts receivable are the funds that customers owe your company for products or services that have been invoiced. The total value of all accounts receivable is listed on the balance sheet as current assets and include invoices that clients owe for items or work performed for them on credit.

How do you record Bad Debt Expense?

To record the bad debt expenses, you must debit bad debt expense and a credit allowance for doubtful accounts. With the write-off method, there is no contra asset account to record bad debt expenses. Therefore, the entire balance in accounts receivable will be reported as a current asset on the balance sheet.

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the ability of the competitive forces of supply and demand to establish a price at which selling and buying decisions are consistent is called ______.

Answers

The ability of the competitive forces of supply and demand to establish a price at which selling and buying decisions are consistent is called the rationing function of prices.

What is the rationing function of prices?

Rationing function of price  is used to measure the goods that consumer can use their money to buy.

When their is scarcity of goods in the market this means that demand will be  above supply and the outcome is that price of goods   will tend to increase or  bid up.


Therefore the ability of the competitive forces of supply and demand to establish a price  is called the rationing function of prices.

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Morse Company reports total contribution margin of $68,640 and pretax net income of $13,200 for the current month. The degree of operating leverage is:

Answers

The degree of operating leverage is [tex]0.83[/tex].

What is the degree of operating leverage?How much a company's operating income alters in reaction to a change in sales is measured by the level of operating leverage.Analysts can assess the effect of any change in sales on business earnings using the DOL ratio.Due to the high percentage of fixed expenditures in an organization with high operating leverage, a significant increase in sales may result in outsized changes in profitability.Operating leverage formula:

[tex]\frac{FC}{TC} = \frac{FC}{FC+VC}[/tex]

Where FC is a fixed cost, TC is the total cost and VC is a variable cost.

Solution -

Contribution margin is $68,640 and pretax net income is $13,200.

So, applying the values in the formula we will get:

[tex]\frac{68,640}{13,200+68,640}[/tex]

[tex]0.83[/tex]

Therefore, the degree of operating leverage is [tex]0.83[/tex].

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If the mortgage loan is 80% of the appraised value of a house, and the interest rate of 8% amounts to $460 interest for the first month, then what is the appraised value of the house?

Answers

The appraised value of the house is after calculating interest and the value is $86,250.

What is appraised value?

A qualified appraiser or valuer's assessment of the assessed value of the real property is what is meant by an appraised value or mortgage valuation. It is typically utilized as a pre-qualification criterion and risk-based pricing component in connection with a financial institution's issuance of mortgage loans.

Calculation of appraised value of the house:

First, calculate the yearly interest. $5,520 in interest total every year ($460 x 12). Take a loan for $69,000 at an interest rate of.08 on $5,520. Next, subtract $86,250 from $69,000 to get the appraised value.

Hence, the total appraisal value is $86,250.

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The ____ was passed by Congress in an attempt to encourage government employees to report cost overruns by government contractors.

Answers

The Whistleblower Act was passed by Congress in an attempt to encourage government employees to report cost overruns by government contractors.

What is  Whistleblower Protection Act ?

The Whistleblower Protection Act protects “any disclosure of information” by federal government employees that they “reasonably believes evidences an activity constituting a violation of law, rules, or regulations, or mismanagement, gross waste of funds, abuse of authority or a substantial and specific danger to public health and safety.”

It prohibits retaliation such as demotions, pay cuts, or dismissals for blowing the whistle and provides legal remedies to whistleblowers who experience such retaliation. It also allows whistleblowers to make their disclosures confidentially.

What the Whistleblower Protection Act  say?

The Whistleblower Protection Act forbids every state official and employee from retaliating or attempting to retaliate against any employee or applicant for employment who reports an improper activity.

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You own land worth $44,000 and your building has a replacement cost of $160,000. What would be the value of the property if the appraiser used depreciation of 30 percent

Answers

The value of the property after the depreciation of 30% is $156,000.

What is depreciation?

An asset loses value over time as a result of use, damage, or obsolescence. Depreciation is the measurement for this decline.

Calculation for the value of property after depreciation:

The added value of the land is $44,000.

The replacement cost of the building is $160,000.

There is a depreciation of 30% of $160,000.

(30×160,000)/100 = 48,000

$160,000 replaced cost - depreciation of $48,000 = $112,000.

The total cost  = $112,000 + $44,000

                       = $156,000

Therefore, the total value of the property after 30% depreciation is $156,000.

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According to the law governing mortgage loan brokers, what is the maximum commission Broker Dan can charge for securing a $15,000 second mortgage for a period of 4 years?

Answers

From the law on the mortgage brokers, the maximum commission that is charged would be 10 percent of the principal loan because the loan ahs a period of more than 3 years.

Who is a mortgage broker?

This is the term that is used to refer to the intermediary or the middle man that brings mortgage borrowers and lenders together.

The fee or the commission that they have to earn based on the fact that is for 4 years would be 10 percent.

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Because a project requires resources, often from various areas, many projects cross ____ or other boundaries to achieve their unique purposes

Answers

Because a project requires resources, often from various areas, many projects cross-departmental or other boundaries to achieve their unique purposes. This is further explained below.

What is a department?

Generally, a specialized department inside a larger institution (governmental, academic, or commercial) focuses on one area of focus.

In conclusion, For many initiatives to succeed, it is necessary to pool resources from different departments or even other organizations.

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The law of supply indicates that, other things equal, Multiple Choice producers will offer more of a product at high prices than at low prices. the product supply curve is downsloping. producers will offer more of a product at low prices than at high prices. consumers will purchase less of a good at high prices than at low prices.

Answers

The law of supply generally asserts that the producers will offer more of a product at high prices than at low prices.

What does law of supply states?

The economic law states the higher the price, the higher the quantity demanded; because the sellers get more profit when the price is higher, this encourages the producer to produce at high price.

Therefore, the Option A is correct.

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Bell Repair Service allocates overhead based on $50 per trip to each home that requests repair work, plus $1.20 per mile driven to the home. During the past week, Bell provided repair services for 20 customers with average driving distance of 15 miles each. What is the amount of overhead allocated for the week?

Answers

The amount of overhead allocated for the week will be $1360.

How to calculate the amount?

The amount of overhead allocated for the week will be calculated thus:

= (20 × $50) + (15 × $1.20 × 20)

= $1000 + $360

= $1360

Therefore, the amount of overhead allocated for the week will be $1360.

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Within a ________________________ economy, we often see both producers and consumers responding to the incentive of price changes.

Answers

Within a market economy, we often see both producers and consumers responding to the incentive of price changes. Read below about market economy.

What is a market economy?

A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand.

Therefore, the correct answer is market economy.

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suppose a small economy produces only the three goods listed in the the table above. what is the value of gdp in this economy?

Answers

Suppose a small economy produces only the three goods listed in the table below, the value of GDP in this economy is $27,000.

What is GDP?

GDP means Gross Domestic Product.

The GDP shows the monetary value of all finished goods and services produced in a country during a specific period.

Data and Calculations:

GDP Table

Product       Price     Quantity  Total Value

Shovels      $20          40           $800

Books          50        500      $25,000

Pizzas           10         120         $1,200

Total GDP =                         $27,000

Thus, suppose a small economy produces only the three goods listed in the table below, the value of GDP in this economy is $27,000.

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Which statement best describes the performance of mutual funds over the last 4 or 5 decades? A. While some mutual fund managers are able to beat the market consistently, the majority of mutual funds underperform the market index at every point in the market cycle as well as in the long-run. B. Some mutual fund managers are able to beat the market consistently, the majority of mutual funds may outperform the market at certain points in the market cycle, but in the long-run the majority of mutual funds underperform the market index. C. Some mutual fund managers are able to beat the market consistently, the majority of mutual funds may outperform the market at certain points in the market cycle, but in the long-run approximately half of all mutual funds underperform the market index. D. No mutual fund managers are able to beat the market consistently, the majority of mutual funds may outperform the market at certain points in the market cycle, but in the long-run the majority of mutual funds underperform the market index.

Answers

The correct option is (d).

Choosing the best mutual funds by comparing performance of mutual funds against a benchmark index.Money market funds, bond funds, stock funds, and target date funds are the four primary categories into which most mutual funds fit. Each variety has unique characteristics, dangers, and benefits.The rate of return is subtracted from the risk-free rate of return for the investment, and the result is divided by the return on investment's standard deviation. The Sharpe ratio tells investors if an investment's results are the result of prudent investing decisions or an outcome with excessive risk.

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Question 1 the process in itil where changes are released to an it environment is called what?

Answers

A Release Management means the process in ITIL where changes are released to an IT environment.

What is a Release Management?

This management in ITIL focuses primarily on the quality and customer experience while also promoting cost-effective business practice.

Hence, this management is the the process in ITIL where changes are released to an IT environment.

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According to Michael Kremer, large populations: a. require the capital stock to be spread thinly, thereby reducing living standards b. place great strains on an economy's productive resources, resulting in perpetual poverty c. are a prerequisite for technological advances and higher living standards d. are not a factor in determining living standards

Answers

According to Michael Kremer, large populations c. are a prerequisite for technological advances and higher living standards.

Who is Michael Kremer?

Michael Kremer is an American development economist and a Nobel Prize winner for developing an innovative economic theory for poverty alleviation, especially in large populations.

Michael Kremer did not think that large populations disadvantaged the nation, but it could be a factor in increasing the living standards through technological advances.

Thus, according to Michael Kremer, large populations c. are a prerequisite for technological advances and higher living standards.

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A speaker wanting to use humor in his/her presentation should be sure to practice the joke or anecdote to maximize its effectiveness. True or False ?

Answers

It is true that a speaker wanting to use humor in his/her presentation should be sure to practice the joke or anecdote to maximize its effectiveness.

What is anecdote?

Anecdote are short stories that can be used during presentation to make the audience relate with the story and also follow the speaker.

If a speaker want to be lively anecdote can be used to keep the audience alive.

Therefore,

It is true that a speaker wanting to use humor in his/her presentation should be sure to practice the joke or anecdote to maximize its effectiveness.

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During the current year, a company had sales on account of $264,000, cash sales of $108,000, and collections on account of $168,000. In addition, the company collected $2,900 from a customer whose account the company had written off as uncollectible in the prior year. As a result of these transactions, the current year's change in the accounts receivable balance is a Group of answer choices

Answers

As a result of these transactions, the current year's change in the accounts receivable balance is an increase of $96,000.

What is the accounts receivable balance?

The accounts receivable balance is the difference between credit sales and cash collections on account, including other relevant adjustments.

The accounts receivable balance is one of the items of the current assets in the balance sheet.

Data and Calculations:

Credit Sales = $264,000

Cash Sales = $108,000

Collections on account = $168,000

Change in accounts receivable balance = $96,000 ($264,000 - $168,000)

Thus, as a result of these transactions, the current year's change in the accounts receivable balance is an increase of $96,000.

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A gold standard ensures a long-run tendency toward price stability because

Answers

A gold standard ensures a long-run tendency toward price stability because the cost of producing an ounce of gold stays relatively constant overtime.

What is a gold standard?

A gold standard is the system, abandoned in the Depression of the 1930s, by which the value of a currency was defined in terms of gold, for which the currency could be exchanged.

Therefore, the correct answer is the cost of producing an ounce of gold stays relatively constant overtime.

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The law of diminishing returns states that, ceteris paribus, the

Answers

The law of diminishing returns states that, ceteris paribus, the rate of profit from an investment will continue to diminish as more capital ins invested into that product.

What is Ceteris Paribus?

Ceteris Paribus is a Latin phrase often quoted in economics that means "all things being equal". It is used to connote the fact that in the consideration of a law, sometimes it is assumed that all other factors are given or at play.

It is to be noted that the Law of Diminishing Returns is also applicable to Labor, Utility and Marginal Returns.

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When there is a single point of failure, companies can correct the problem by having: Name the corresponding part if polygon WXYZ polygon PQRS. Question: QP = Write a story in which a Doctor plays an important role. In a brief statement, in your own words, please describe why you are an ideal candidate for this position. (retail store)(lengthy but not too lengthy) Identify the hormone represented by each letter Iliana cubed the number of flowering plants in her garden, then added 2 vegetable plants. Let p represent the original number of plants in her garden. Which shows an expression to represent the total number of plants in her garden and the total number of plants if p = 3?3 p minus 2; when p = 3 the number of plants is 73 p + 2; when p = 3 the number of plants is 11p cubed minus 2; when p = 3 the number of plants is 25p cubed + 2; when p = 3 the number of plants is 29 Which of the following is a function of the plasma membrane?a. breaks down lipids, carbohydrates, and proteins from foodsb. stores water, salt, proteins, and carbohydratesc. keeps the cell wall in placed. regulates which materials enter and leave the cell Question 7About __________% of the human life cycle is taken up by infancy and childhood.20%O 10%.O 25%O 5% ________ development involves learning, attention, memory, language, thinking, reasoning, and creativity. An athlete is running at a constant velocity with a javelin held in his right hand. The force he is applying on the javelin to carry it is 5.0 newtons. If he covers a distance of 10 meters, what work has he done on the javelin? Which expression simplifies to 2 divided 15 ? 8. (08.03 LC)A set of equations is given below:Equation C: y = 3x+7Equation D: y = 3x + 2How many solutions are there to the given set of equations? (1 point)One solutionOTwo solutionsO Infinitely many solutionsNo solution How were the Normandy landings similar to the atomic bomb attacks onJapan during World War II?A. Both were collaborative efforts among the United States, Canada,and Great Britain.B. Both were major offensive attacks by Allied forces thatcontributed to the end of the war.C. Both offensives were successful first attempts to use a new formof military technology.D. Both occurred on the same day as part of a coordinated offensiveagainst the Axis powers. s. aureus has been isolated from georges infected wound. to satisfy kochs postulates, what would georges doctor need to do with the isolated s. aureus? 5As you know, usuallyagree) with the things you're saying nowThis time last yearthe city centreI was so tired last night thattelevision.4I missed my bus to school yesterday, and by the time(lesson /start).(Tim/visit) me next Sunday, and23Grammar and vocabularyA Complete the sentences with the correct form of the words in bracketsExample:We study (we/study) English every day, but today we're doing (we/do) a progress test1cinema.(1/agree) with everything you say, but(1/work) in a shop and(1/fall) asleep while(1/not(live) in a small flat in(1/watch)(1/arrive), my(we/probably/go) to the Corrosion may be regarded as the destruction of metal by:Electrochemical actionHydroelectric actionElectromechanical actionAll of the above What is the solution set for the following inequality? 4x 3 + 6x > 5x + 7 How does the author develop the central idea across these passages?Alvarez describes how she and her mother were emotionally distant, but once she moved to Vermont, her mother was finally able to bestow praise.Alvarez describes events in her childhood to show how the relationship between her and her mother was strained, but improved as she grew older.Alvarez traces moments that highlight her mothers desire for silence, culminating in the moment her mother expressed pride in her writing.Alvarez explains the difficulty she had in going against her mothers wishes to write about their experiences and how it was worth it in the end. The diagram shows a line joining O to P.The gradient of the line is 2 The length of the line is 2645 Work out the coordinates of P. rrrrrrrrrrrrrrrrrrrrr