On Friday, Billy mails Andrew an offer, which Andrew receives on Monday. On Tuesday, Billy mails Andrew a revocation, which Andrew does not receive until Thursday. Andrew takes no action when he receives the revocation. Meanwhile Andrew mailed Billy an acceptance on Wednesday that Billy receives on Friday. Is a contract formed, and if so, on what day?

Answers

Answer 1

Answer:

When Andrew sent his acceptance on Wednesday a contract was formed.

Explanation:

Andrew had recieved the offer on Monday and accepted on Wednesday, although Billy sent a revocation on Tuesday.

The onus for Andrew to receive the revocation on time is on Billy, a faster means should have been taken to notify Andrew of the revocation.

So the contract was formed on Wednesday when Andrew accepted the offer.

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Answers

The answer to the question presented above would be the 'extractive' industry. A corn farm, a coal mine, and a fishing company are all part of the 'extractive' industry. This is because they get the resources or 'extract' them from the environment.

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Answers

Answer:

The building is valued at $328,000 for the owner.

Explanation:

We calcualte the value of the building using the perpetuity formula:

C/r = Value

Where:

C = annual income generate for the building

expected rent revenue: revenue x (1 - vacancy)

80,000 x (1 - 0.06) = 75,200

expenses per year (26,000)

income per year: 49,200

rate of return 15% = 15/100 = 0.15

C/r = Value

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Answers

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Answers

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Answers

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Answers

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