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26. Which of the following promises ordinarily must be in writing to be enforceable? a. Promises made as a part of a prenuptial agreement. b. The sale of a car for $1500. c. The promise by an executor of an estate to pay a debt of the decedent d. All of the above. Jill and Jane plan to start a business in which each will be an equal owner, but only Jill will be active in the business. They do not want to form a corporation. Their best choice for business organization is probably a. a general partnership. b. a franchise. c. a limited partnership. d. three sole proprietorships. 27. 28. All the business forms listed below have limited liability except the: limited liability company a. b. c. general partnership. Subchapter S corporation. 29. In which case is the offer still valid at the time the acceptance is made? a. Hal offered to sell a book to Sid. Hal died, and Sid sent an acceptance two days later b. By-Waste Co. offers to dispose of XXX Co.s chemical waste by a particular method Congress then passes a law making disposal of chemical waste by this method illegal Then XXX sends a letter of acceptance c. Ray offers to sell his AT&T stock for a particular price by May 1. On May 2, Kathy agrees to buy the stock. d. In a face-to-face transaction, Pat offers to sell Mike his stereo and Mike accepts. Charles and Ellen, an unmarried couple, run an ice cream store. The business is not incorporated or otherwise organized under state law. Their business is a: a. sole proprietorship. b. General Partnership. c. joint venture. d. limited liability company 30. 1. Lying on her hospital bed alone one night, Phyllis grabs a pen and paper. With the last of her strength, she wrote her last will and testament leaving all her worldly possessions to her nexi-door neighbor, Aaron. This type of will is: a. a nuncupative will. b. disinherited childrens share will. c. holographic will. d. None of the above. 32. The basic distinction between a bilateral contract and a unilateral contract is that a. b. c. d. only one promise is involved in a bilateral contract. only one promise the Statute of Frauds applies to one and not the other one is enforceable, the other is not. is involved in a unilateral contract 3. Which of the following are generally considered to be legal offers a. b. c. d. Expressions of opinions. Catalog advertisements. Price lists. None of the above are generally considered offers.

Answer:


26 - Answer is D All of the Above, To enfore a contract, all contracts should be in writing

27 - Answer is C, limited partnership, As its mentioned only of the owner "Jill" will be active hence the best option would be to go with limited partnership. Thus in limited partnership Jill becomes the general partner with full control and she will operate the business. While jane can remain inactive, though legally they both would be liable for debts and obligations.

29 - Answer is D, here the offer is given and accpted at the same time by the offerer and accepter

30 - Answer is B- General partnership and both are not married hence not related and business is not incorporated under state law

31 - Answer is C - As its written by hand by the person himself hence its a holographic will

 

 

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QUESTION 6 (a) The bar shown in Figure Q2(a) is subjected to tensile load of 150 Kn. If the stress in the middle portions is limited to 160 N/mm², determine the diameter of the middle portion. Find also the length of the middle portion if the total elongation of the bar is to be 0.25 mm. E E = 2.0 + 105N/mm². (12 marks) 150 KN 10 cm DIA 10 cm DIA 150 KN 45 cm Figure Q6(a) (b) A brass bar, having cross-section area of 900 mm², is subjected to axial forces as shown in Figure Q2(b), in which AB = 0.6 m, BC = 0.8 m, and CD = 1.0 m. Find the total elongation of the bar. E = 1.0 + 105N/mm2 . (8 marks) Page 4 of 5 B D 40 KN 70 KN 20 KN 10 KN Figure Q6(b) (TOTAL = 20 MARKS)

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  Introduction To find incremental revenue and cost, we subtract Current revenue and cost from Projected revenue and cost. Answer Current Situation Projected Sales and Profit Incremental Revenues and Costs Total Revenue Php1,500,000 Php1,800,000 + Php3000,000 Variable Cost 575,000 425,000 - Php 332,000 Direct Fixed Costs 625,000 700,000 + Php 75,000 Indirect Fixed Costs 100,000 100,000 No change Profit Php 200,000 Php 575,000 + Php 375,000 Profit increases by Php 375,000, thus a new camera and coffee maker must be purchased.

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