fill in the blank. claudia and yves enter into contract for her to buy his condo. the written contract must___, identify the subject matter of the contract, and present the essential terms and conditions of the contract.

Answers

Answer 1

Answer:

The written contract must be signed by both parties, identify the subject matter of the contract, and present the essential terms and conditions of the contract.

A contract is a legally binding agreement between two or more parties. In order for a contract to be enforceable, it must meet certain requirements.

One of these requirements is that the contract must be signed by both parties. This ensures that both parties have agreed to the terms and conditions of the contract and are legally bound to fulfill their obligations under the contract.

In addition to being signed by both parties, the contract must also identify the subject matter of the contract and present the essential terms and conditions of the contract. This ensures that both parties have a clear understanding of what the contract entails and what is expected of them.

In summary, a written contract must be signed by both parties, identify the subject matter of the contract, and present the essential terms and conditions of the contract in order to be enforceable.

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In Country X a returning tourist may import goods with a total value of $500 or less tax free, but must pay an 8 percent tax on the portion of the total value in excess of $500. What tax must be paid by a returning tourist who imports goods with a total value of $730 ?

Answers

Answer:

$18.4

Explanation:

Data provided in the question:

Maximum value on which there is no tax = $500

Tax paid on the portion of the total value in excess of $500 = 8% = 0.08

Total value of the goods imported by the returning tourist = $730

Now,

The excess amount of portion on which the tax will be charged

= Total value of the goods imported - Maximum value on which there is no tax

= $730 - $500

= $230

Therefore,

@8% tax rate

Total tax that must be paid on excess portion i.e $230

= $230 × 8%

= $230 × 0.08

= $18.4

Mary co-signs for a car loan for Barbara. What can happen to the car if Barbara misses a few payments on the car loan?

Answers

Most likely, Mary would be charged a higher amount of interest for missing payments, and would be charged more and more the if she continued to miss payments.

Suppose $50 comma 000 is deposited at a bank. The required reserve ratio is 20 percent, and the bank chooses not to hold any excess reserves but makes loans instead. What are the bank's total reserves?

Answers

Answer:

$10,000

Explanation:

Provided amount deposited to bank = $50,000

Reserve ratio is 20%

And provided the company do not have any amount more than the required reserve, therefore balance in reserve = $50,000 $*$ 20% = $10,000

Further remaining $50,000 - $10,000 = $40,000 will be advanced as loan, and will not form part of reserves.

Therefore, total reserve's of bank = $10,000

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Answers

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In a free market scenario where there are no regulations or restrictions imposed by the government, if someone charges less, the customer will buy from him. Therefore, you have to lower your price or offer something better than your competitor. Whenever enough people demand something, it will be supplied by the market and everyone will be happy. The seller end up getting the price and the buyer will get better goods at the desired price.

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b. individual profit option (IPO)
d. office retirement plan (ORP)

Answers

An Individual Retirement Account (IRA) is a plan that enables workers and their spouses to set aside money for retirement.

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