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- Dick and Jane sign an agreement
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Card 42 / 54: Dick and Jane sign an agreement for the sale of a home in Washington, which contains a clause that provides for Jane (the buyer) to pay 10% of the purchase price to Dick (the seller), if Jane does not go through with the sale. This is an example of
A)
an enforceable liquidated damages clause
B)
a currently unenforceable liquidated damages clause, which might be corrected by a court through reformation of the percentage of the purchase price to 5%, to become enforceable.
C)
a rescissionary clause.
D)
a punitive damages clause.
Answer:
B) a currently unenforceable liquidated damages clause, which might be corrected by a court through reformation of the percentage of the purchase price to 5%, to become enforceable.
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Questions & Answers
Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
can you send the book attached ?
Ariel
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2
find mu of x for y
U(x,y) = (xÃy)1/2
find mu of x for y
Desalegn
this is the study of how the society manages it's scarce resources
Belonwu
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
difference between firm and industry
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from
Qd 120 3P
to
Qd 90 3P
and the supply function has shifted from
QS
20 2P
to
QS
10 2P .
a) Find the effect of this change on price and quantity.
b) Which of the changes in demand and supply is higher?
explain standard reason why economic is a science
factors influencing supply
scares
means__________________ends
resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Why qualify 28 supplies
Milan
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
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Exam Home Page
Attribution:
Maureen Shellooe Miller. Open Course Library: BUS&201 Business Law. The Open Course Library. Washington State Board for Community & Technical Colleges, Jul. 2014. http://www.oercommons.org/courses/business-law-bus-201
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