subject
Business, 18.11.2019 23:31 mluz

Allen enters into a contract with joe to sell his car. however by mistake, he undervalues his car. though the actual value of the car is $6000, he sells it to joe for $3000. during the purchase, joe is aware of the actual value but does not communicate this fact to allen. which of the following is likely to be true in such a scenario?
a) allen is entitled to compensation through a court of law.
b) allen is entitled to cancel the contract because he was not aware of the actual value.
c) joe is entitled to keep the car because the contract is valid.
d) joe must pay the difference to allen in order to validate the purchase.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 19:20
25. kerry company plans to sell 200,000 units of finished product in july and anticipates a growth rate in sales of 5% per month. the desired monthly ending inventory in units of finished product is 80% of the next month's estimated sales. there are 150,000 finished units in inventory on june 30. kerry company's production requirement in units of finished product for the three-month period ending september 30 is: a. 712,025 units b. 630,500 units c. 664,000 units d. 665,720 units
Answers: 3
question
Business, 22.06.2019 09:50
Acar manufacturer uses new machines that automatically assemble an engine from parts fed to the system. the machine can regulate the speed ofassembly depending on the number of parts produced. which type of technology does this machine use? angenoem mense wat ons in matin en esta va ser elthe machine uses
Answers: 3
question
Business, 22.06.2019 17:30
Emery pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. emery uses 825 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $48 per order. the cost schedules of two suppliers are as follows: vendor 1 vendor 2 quantity price/lb quantity price/lb 1-499 $17 1-399 $17.10 500-999 $16.75 400-799 $16.85 1000+ $16.50 800-1199 $16.60 1200+ $16.25 (a) what is the economic order quantity for each supplier? (b) what quantity should be ordered and which supplier should be used? (c) the total cost for the most economic order sire is $
Answers: 2
question
Business, 22.06.2019 20:50
The following accounts are from last year’s books at s manufacturing: raw materials bal 0 (b) 157,400 (a) 172,500 15,100 work in process bal 0 (f) 523,600 (b) 133,700 (c) 171,400 (e) 218,500 0 finished goods bal 0 (g) 477,000 (f) 523,600 46,600 manufacturing overhead (b) 23,700 (e) 218,500 (c) 27,700 (d) 159,400 7,700 cost of goods sold (g) 477,000 s manufacturing uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. what is the amount of cost of goods manufactured for the year
Answers: 3
You know the right answer?
Allen enters into a contract with joe to sell his car. however by mistake, he undervalues his car. t...
Questions
question
Social Studies, 28.08.2021 19:30
question
Mathematics, 28.08.2021 19:30
question
Mathematics, 28.08.2021 19:30
question
Mathematics, 28.08.2021 19:40
question
Mathematics, 28.08.2021 19:40
Questions on the website: 13722367