A contract can discharge a party due to external causes. Namefour ways a contract can be discharged by external causes.
Answers
A contract can be discharged by external causes in several ways, including:
1. Force Majeure: A contract can be discharged if there is a provision for "force majeure" events, which are unforeseen events beyond the control of the parties, such as natural disasters or war, that make the performance of the contract impossible or impractical. This refers to unforeseeable and uncontrollable events that make it impossible for one or both parties to fulfill their obligations under the contract. These events could include natural disasters, wars, or government actions.
2. Frustration of Purpose: A contract can be discharged if an unforeseen event occurs, which significantly changes the circumstances under which the contract was made, making the performance of the contract impossible or impractical.
If the purpose of the contract becomes impossible or impracticable to achieve due to an external cause, the contract may be discharged. For example, if a music festival is canceled due to a pandemic, the contract between the festival organizers and performers may be discharged.
3. Impossibility: A contract can be discharged if the performance of the contract becomes objectively impossible due to an external cause, such as the destruction of the subject matter or the death of a person essential to the performance. If an external cause makes it physically or legally impossible for a party to perform their obligations under the contract, they may be discharged. For example, if a construction site is destroyed by a hurricane, the contractor may be discharged from their obligations under the contract.
4. Supervening Illegality: If a change in law or regulation makes it illegal for a party to perform their obligations under the contract, they may be discharged. For example, if a new law prohibits the sale of a certain product, the supplier may be discharged from their obligations to deliver that product.
In all these cases, the external causes make it challenging or impossible for the parties to fulfill their contractual obligations, resulting in the discharge of the contract.
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Related Questions
Click this link to view O*NET’s Work Activities section for Licensing Examiners and Inspectors. Note that common activities are listed toward the top, and less common activities are listed toward the bottom. According to O*NET, what are some common work activities performed by Licensing Examiners and Inspectors? Check all that apply. working directly with the public evaluating information staffing organizational units drafting technical devices interacting with computers getting information
Answers
Answer:
Licensing Examiners and Inspectors examine, evaluate, and investigate eligibility for, conformity with, or liability under licenses or permits.. Here is what a typical day’s work for a Licensing Examiner and Inspector looks like: Issue licenses to individuals meeting standards. Collect fees for licenses.
Explanation:
Answer: A B E F
Explanation:
Please Help 100 Points + Brainlest Answer
Take in note *If I have $1046 spending cash for 1 month * Answer the Following questions based on that.
Your daughter gets sick and has to be in the hospital. You have to pay $2000 out of pocket before the health insurance company starts to pay the bill. What is this an example of?
Did you have enough left over from your pay check to cover that expense?
The following month, your wife gets into a car accident. She is out of work, but luckily you have been paying for _________________________ which helps pay the bills.
The month after, your son gets into a minor car accident. You must pay $500 out of pocket before your _______________________ company pays for the rest of the damages.
Your insurance goes up to $250 per month from $100. Do you have enough left over from your paycheck to cover that expense?
The government passes a new tax law that increases the tax percentage to 20% (.2) for less than $50,000, 30% (.3) for 50-99,999, and 40% (.4) for anyone making over $100,000. How much less will you be bringing home after taxes?
You get laid off from your job and find a job that only pays $25,000 a year. Your spouse finds a job that only makes $25,000 a year. You make $50,000 total but now you have to pay for daycare which is $300 a month. How much money do you have left over after you include all your other expenses?
Do you have enough money, or do you have to cut back on your expenses?
You want to go on vacation, and you charge $6,000 for a vacation to Disney. If the interest rate is 25%, how much will you have to pay IF you were able to pay it off all at once? 6,000 x .25 = _____ + 6,000 = _______
You have a third child, and now your grocery bill goes up another $100. How much do you have left over?
Answers
Explanation
you ill have 234 left
Explanation:
234 Will Be Left Hope It Helps U
Industry Y is dominated by five large firms that hold market shares of 41, 21, 17, 9, and 12 percent. The four-firm concentration ratio for this industry is
Answers
The four-firm concentration ratio for this industry is 91% if a Industry Y is dominated by five large firms that hold market shares of 41, 21, 17, 9, and 12 percent.
To calculate the four-firm concentration ratio for Industry Y, we need to add up the market shares of the four largest firms.
The four largest firms in Industry Y hold market shares of 41, 21, 17, and 12 percent.
When we add these percentages together, we get:
41% + 21% + 17% + 12% = 91%
The four-firm concentration ratio for this industry is 91% if a Industry Y is dominated by five large firms that hold market shares of 41, 21, 17, 9, and 12 percent.
Therefore, the four-firm concentration ratio for Industry Y is 91%. This means that the four largest firms in the industry control 91% of the total market share.
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what is a quality certification and why is it important
Answers
Answer:
It is important because they indicate that buyers and procurement professionals are dealing with a manufacturer that has reached the highest standards in the industry
A(n)_________ is one who purchases or leases a good with the intent of using it for personal reasons.
Answers
A consumer refers to an individual who buys or leases a product with the intention of using it for personal reasons, satisfying their needs or wants. Consumers play a crucial role in driving demand in the market and are the end-users of goods and services.
A consumer is an individual who purchases or leases goods or services for personal use. Consumers are the end-users of the economic system and play a pivotal role in driving demand. They engage in buying decisions based on their personal needs, preferences, and desires.
Consumers are motivated by various factors when making purchasing decisions, including utility, quality, price, convenience, and personal satisfaction. They seek to fulfill their needs and wants through the acquisition of goods or services that offer value and meet their expectations.
Consumers have the power to influence the market through their buying behavior. Their demand for certain products or services drives production and innovation as businesses respond to consumer preferences. Consumer behavior also impacts market competition and pricing dynamics.
Understanding consumer behavior is crucial for businesses to effectively market and sell their products. Companies conduct market research to gain insights into consumer preferences, demographics, and purchasing patterns. This knowledge helps them tailor their offerings, develop effective marketing strategies, and enhance customer satisfaction.
Overall, consumers play a vital role in the economy by driving demand and shaping market trends. Their purchasing decisions reflect their personal needs and preferences, and their actions have a significant impact on businesses, industries, and the overall economy.
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a municipal bond with a coupon rate of 4.2 percent has a yield to maturity of 5.2 percent. assume a face value of $5,000. if the bond has 14 years to maturity, what is the price of the bond?
Answers
a municipal bond with a coupon rate of 4.2 percent has a yield to maturity of 5.2
To calculate the municipal bond of the bond, we can use the following formula:
Price = (C / Y) x [1 - 1 / (1 + Y)^n] + F / (1 + Y)^n
Where:
C is the annual coupon payment, which is calculated as a percentage of the face value. In this case, it is 4.2% x $5,000 = $210.
Y is the yield to maturity, which is 5.2%.
n is the number of years to maturity, which is 14.
F is the face value of the bond, which is $5,000.
Plugging in the values, we get:
Price = ($210 / 0.052) x [1 - 1 / (1 + 0.052)^14] + $5,000 / (1 + 0.052)^14
Price = $2,834.89
Therefore, the price of the municipal bond is $2,834.89.
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Calculate the simple interest on a loan of $9000 at an interest rate of 8% for 6 years?
Answers
Answer:
$4,320
Explanation:
Covert 8% to a decimal, in this case is 0.08. Then multiply all three values together.
9000 * 0.08 * 6 = 4320
Required solution :
Here we have been provided with the principal, rate of interest and the time period for which the loan was taken.
Principal = $9000Rate = 8% Time = 6 yearsNow, we know that simple Interest is calculated by the formula :
\(\boxed{\sf{S.I. \: = \: \frac{P \times R \times T }{100} }} \: \red\bigstar\)Here in this formula,
S.I. is simple Interest R is rate of interest T is Time P is PrincipalPutting all the values in the formula,
\(: \: \implies \: \sf{S.I. \: = \: \dfrac{9000 \times 8 \times 6 }{100} }\)
\(: \: \implies \: \sf{S.I. \: = \: \dfrac{900 \times 8 \times 6 }{10} }\)
\(: \: \implies \: \sf{S.I. \: = \: \dfrac{90 \times 8 \times 6 }{1} }\)
\(: \: \implies \: \sf{S.I. \: = \: 90 \: \times \: 8 \: \times 6 } \)
\(: \: \implies \: \sf{S.I. \: = \: 90 \: \times \: 48 } \)
\(: \: \implies \: \underline{\underline \red{\sf{S.I. \: = \: 4320}}}\)
\(\underline{ \bf{Henceforth, \: simple \: interest \: on \: that \: loan \: is \: 4320 \: dollars}}\)
what do limited partners in a business give up ? why ?
Answers
Answer:In return for giving up management power, limited partners get the benefit of protection from personal liability. This means that a limited partner can't be forced to pay off business debts or claims with personal assets. A limited partner, however, can lose his or her financial investment in the business.
Explanation:
he Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented for one day. The hotel’s business is highly seasonal, with peaks occurring during the ski season and in the summer. Month Occupancy-Days Electrical Costs January 3,240 $ 8,622 February 3,060 $ 8,228 March 1,150 $ 3,910 April 2,260 $ 7,684 May 4,310 $ 10,984 June 1,270 $ 4,318 July 3,410 $ 9,418 August 640 $ 2,176 September 1,310 $ 4,454 October 3,760 $ 9,738 November 1,330 $ 4,522 December 2,570 $ 7,868 Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. (Do not round your intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.)
Answers
Answer:
Fixed costs= $640
Variable cost per unit= $2.4
Explanation:
Giving the following information:
Month Occupancy-Days Electrical Costs
January 3,240 $ 8,622
February 3,060 $ 8,228
March 1,150 $ 3,910
April 2,260 $ 7,684
May 4,310 $ 10,984
June 1,270 $ 4,318
July 3,410 $ 9,418
August 640 $ 2,176
September 1,310 $ 4,454
October 3,760 $ 9,738
November 1,330 $ 4,522
December 2,570 $ 7,868
To calculate the unitary variable cost and the fixed cost under the high-low method, we need to use the following formulas:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (10,984 - 2,176) / (4,310 - 640)
Variable cost per unit= $2.4
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 10,984 - (2.4*4,310)
Fixed costs= $640
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 2,176 - (2.4*640)
Fixed costs= $640
1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels
Answers
Answer:monopoly
Explanation:
Alex works doing oil changes and is sick and tired of rude customers. alex decides to purposely use the wrong type of oil for the next rude customer knowing that it will harm the customer's engine in the long run but won't be traceable or noticed immediately. alex is considering sabotaging the next rude customer's care, a form of a. task performance. b. counterproductive work behavior. c. disengagement. d. organizational citizenship behavior.
Answers
Alex's decision to purposely use the wrong oil for a rude customer's car is an example of counterproductive work behavior, as it intentionally harms the customer and negatively impacts the organization
In this scenario, Alex is considering sabotaging the next rude customer's car by using the wrong type of oil. This action would be an example of counterproductive work behavior (
In contrast, task performance (a) is the process of carrying out one's job responsibilities effectively and efficiently.
Counterproductive work behavior(b) refers to actions that intentionally harm an organization, its employees, or its stakeholders, such as customers.
Disengagement (c) refers to an employee's lack of involvement, dedication, or commitment to their work. Organizational citizenship behavior (d) involves voluntary actions that contribute positively to the organization, often going above and beyond one's job requirements.
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Imagine that you have no money and you have to leave home and live by yourself. Make a list of the ten most important things that you would take with you and explain why.
Answers
Answer:
food clothes water
Explanation:
their the basic needs of an individual
A utility payment is an example of a ____ expense
Answers
It is a cost-consumed expense. A utility payment is an example of a cost-consumed expense. The accounting treatment for utility expenses incurred by a company in manufacturing operations is considered part of its factory overhead.
What are Utility Expenses?Utility expenses are the costs consumed in a reporting period related to electricity, heat, sewer, and water. Sometimes they are also associated with expenditures for ongoing telephone and internet service.
Thus, the utility expense is a cost-consumed expense. Such expenses are using electricity, heat, and water supply.
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What changes would you recommend for the future to ensure the strength of the Social Security program?
Answers
The additional work will increase your retirement benefits. Each year you work will replace a year of low or no earnings in the calculation of your Social Security benefits,could help increase your benefit amount.
Social Security only covers a portion of your expenses social security only provides 42% of the pre-retirement expenses of the average American.As a result,Social Security bases your retirement benefits on your lifetime earnings.Americans today must have additional retirement savings or sources of income available to help finance their lifestyles.Social Security is a pay-as-you-go program that transfers resources from working-age Americans to retirees and other beneficiaries.As such,it depends on a Therefore,economic growth is an important determinant of social security coverage,and social security schemes need to be designed in a way.An effective security policy requires input and commitment from the entire organization,so I think we should sit down and come up with a plan to developing.
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Please help, <3
Analyze two pricing strategies for their advantages and disadvantages and give reasons for a business to use each of those pricing strategies.
Answers
hope it helps
nations with complementary economic bases are least likely to:
Answers
Nations with complementary economic bases are least likely to experience economic conflicts.
Economic conflicts arise from competition between nations that produce similar goods or services and that compete for the same market share. Countries that have economies that complement each other, on the other hand, are less likely to face conflicts because they rely on each other for different goods and services. An economic conflict occurs when two or more countries compete for the same goods or services or when they attempt to gain access to the same market. This rivalry may cause economic harm to one or more parties, depending on the intensity of the competition. Economic conflicts arise from trade imbalances, sanctions, embargoes, and other forms of economic coercion. Economic conflicts can have a significant impact on a nation's economy. Some of the most severe consequences of economic conflicts include market disruptions, inflation, currency depreciation, and increased interest rates. The concept of complementary economic bases refers to a situation where two or more nations have different economic strengths and weaknesses. This means that one country may specialize in producing a particular good or service that another country does not produce. This allows for trade to occur, as the two countries can exchange goods and services that they do not produce. By doing so, they are able to complement each other's economies, which helps to promote economic growth and development.
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What does good customer service include?
Answers
Answer:
Before entering an interview for a customer service job, get a handle on what good customer service means to you. Good customer service typically means providing timely, attentive, upbeat service to a customer, and making sure their needs are met in a manner that reflects positively on the company or business. Explanation: it is
Answer:
Great customer service means following best practices like valuing customers' time, having a pleasant attitude, and providing knowledgeable and resourceful resources, but that you also take things a step further to exceed — rather than just meet — expectations.
Explanation:my mom works for customerservice
What is one major disadvantage of a capital formation strategy that focuses only on high risk investments
Answers
Answer:
It increases the chance that the investment will lose all value.
Explanation:
If you go for a risky investment, it could increase the chance of it being a waste of time and money to sum it all up. But the answer you seek is, "It increases the chance that the investment will lose all value."
With the help of online research, write a short report on “glocalization.”
Answers
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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b. Suggest four points on which to compare education in the UAE before and after the introduction of
technology in the classroom determining how students benefit from technology in learning
Answers
Answer:
????????????
Explanation:
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1.) what is procrastination
2.) is it okay to reassess and adjust your goals?
Answers
Explanation:
1.procrastination is to delay something that you should do usually because you don't want to do it
2.No
Meet Megan: Lives in a suburb of San Jose, CA and is trying to decide between San Jose State University and Santa Clara University Both are close to home, but she wants to live on campus instead of with her mother and stepfather She came across the Consumer Financial Protection Board’s school comparison tool and decides to input her numbers Qualifies for in outside scholarships won through an essay contest Has saved $1500 she can contribute toward tuition; her parents cannot afford to help Got $3000 in Perkins loans, $3000 in Federal Subsidized loans, and $2500 in Federal Unsubsidized loans Is going to take any of the remaining balance in private loans at an interest rate of 7. 9% How much debt will she have at graduation for San Jose State University? What will her monthly loan payment be?
Answers
Megan's monthly loan payment, we need additional information about the repayment term and interest rate for her private loans. Once these details are provided, we can calculate her monthly payments based on the loan amount and interest rate.
Megan, a resident of a San Jose suburb, is considering attending either San Jose State University or Santa Clara University. As she prefers living on campus rather than with her parents, Megan decides to utilize the Consumer Financial Protection Board's school comparison tool to evaluate her options. She qualifies for outside scholarships won through an essay contest and has $1,500 in savings to contribute towards tuition. Her parents are unable to provide financial assistance. Megan secures $3,000 in Perkins loans, $3,000 in Federal Subsidized loans, and $2,500 in Federal Unsubsidized loans. To cover the remaining balance, she plans to take out private loans with an interest rate of 7.9%.
At graduation from San Jose State University, Megan's total debt is estimated to be the sum of her loans, which amounts to $10,000 in Perkins loans, $3,000 in Federal Subsidized loans, $2,500 in Federal Unsubsidized loans, and the private loans she takes out. The debt from private loans will depend on the amount Megan borrows.
To determine Megan's monthly loan payment, we need additional information about the repayment term and interest rate for her private loans. Once these details are provided, we can calculate her monthly payments based on the loan amount and interest rate.
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Liz just completed a Client Needs Assessment and her client
confirmed that he will require profitability tracking, and need to
create budgets and purchase orders in his accounting solution.
Answers
Answer:
QuickBooks Online Plus
The question and multiple-choices
What is the minimum QuickBooks Online version suitable for Liz's client?
QuickBooks Self-Employed QuickBooks Online Simple Start QuickBooks Online Essentials QuickBooks Online Plus QuickBooks Online Advanced PreviousExplanation:
QuickBooks Online Plus is an advanced feature that small business requires to make better management decisions pertaining to their business. The needs of Liz's client of tracking profitability and the need to create budgets can be meet by installing QuickBooks Online Plus.
Other features of QuickBooks Online Plus include
Keep track of financial records, such as invoices and statements.Update and reconcile payments automatically.Generate accurate estimates and convert them into invoices.Estimate project profitability by taking into account cost factors such as labor and job cost expenses. Automate workflows with rule-based remindersWhen marketing managers analyze similar businesses and their strategies, they are considering the ______ environment.
Answers
There are different reasons for marketing. When marketing managers analyze similar businesses and their strategies, they are considering the competitive environment.
What is competitive environment ?In a perfectly competitive environment, a lot of small firms create similar products, and also a lot of consumers buy them.
The competitive environment is also known as a type of environment where firms compete within a specific market place in terms of the distribution channels, the level of promotion, etc.
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why are medical related professions and human resources important
Answers
Answer:
They Both deal with the Wellbeing of the Human Talent
Explanation:
While the medical profession deals with physical, and psychotherapy treatment of the human being and the Human Resources function deals with the employee welfare at work place such as work conditions, training, harassments at work place, both these professions try to improve the wellbeing of the Human Talent.
grandview grinding, incorporated had net accounts receivable of $67,300 at the beginning of the year and $72,700 at the end of the year. if the company's net sales revenue during the year was $882,875, what is the receivables turnover ratio? multiple choice 0.0061 12.14 0.0793 12.61
Answers
The receivables turnover ratio will be 12.14 for Grandview grinding company.
What is the receivables turnover ratio?It measures how often a company collects its average accounts receivable balance. It quantifies the effectiveness of a company in collecting outstanding balances from customers and managing the credit facility process.Efficient companies have high accounts receivable turnover and inefficient companies have low turnover. This metric is often used to compare companies within the same industry to assess whether they are on par with their competitors.Importance are as follows:
evaluation of creditcredit salescapital investmentsperformanceliquidityfinancial positioncomparison of competitorseffectivenessTo know more about receivables turnover ratio refer:
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Measuring conversions is a good way to calculate your ROI. Which of the following is a commonly calculated conversion? a shares, b sediment, c downloads, d likes
Answers
A commonly calculated conversion from the list is shares. The answer to this question is option a.
What are shares?Shares can be described as a unit that is called mutual funds. The owner of a share is regarded as a shareholder.
Shares can be converted to be money. Therefore it is the best answer to this question.
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The citizens of the United Sates live and work in a...
A.) Closed economy
B.) Command economy
C.) Mixed market economy
D.) Pure market economy
Answers
Answer:
Mixed market economy
Explanation:
the citizens of America is very diverse
Yong teaches students with learning disabilities and physical disabilities.
Barb teaches computer programming to high school students.
Maya works in a private school teaching math to seventh-grade students.
Destiny works in a college teaching English to adult students.
Tanner helps an elementary school teacher and works under the guidance of that teacher.
ANSWERS: 1.Special Education 2. Career and technical education 3. Middle school 4. Post secondary teacher 5.teacher assistant
Answers
Answer: Special education teacher
Career and technical education teacher
Middle school teacher
Post secondary teacher
Teacher assistant
Explanation:
Answer:
1.Special education teacher
2.Career and technical education teacher
2.Middle school teacher
3.Post secondary teacher
4.Teacher assistant
Explanation:
Avelo incorporated had the following operated results for the past year. sales = $22,619 depreciation = $1,400 interest expense = $1,128 costs = $16,535. The tax rate for the year was 21 percent. What is the company's operating cash flow.
Answers
Avelo Incorporated's operating cash flow for the past year was $2,804.84. This means the company generated a positive cash flow from its operations, which is a good sign for the company's financial health.
To calculate Avelo Incorporated's operating cash flow, we need to use the formula: Operating Cash Flow = Sales - Costs - Depreciation +/- Changes in Working Capital - Taxes.
Using the given figures, we can calculate Avelo Incorporated's operating cash flow as follows:
Operating Cash Flow = $22,619 - $16,535 - $1,400 - $1,128 - ($22,619 - $16,535 - $1,400 - $1,128) x 21%
= $3,556 - ($3,556 x 0.21)
= $2,804.84
Therefore, Avelo Incorporated's operating cash flow for the past year was $2,804.84. This means the company generated a positive cash flow from its operations, which is a good sign for the company's financial health. Operating cash flow is a crucial metric for a company as it indicates whether the business is generating enough cash from its core operations to fund its ongoing expenses and investments. A positive operating cash flow also shows that the company has enough cash to pay dividends to shareholders, repay debt, and invest in growth opportunities.
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