Guido and Hal want to rescind their contract under which Guido sold Hal a mountain bike for $100. To rescind the contract Select one:
a. Guido must return the $100 and Hal must return the bike.
b. Guido must return the $100 only.
c. Hal must return the bike only.
d. the parties can keep the "benefits" of their bargain.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Guido and Hal want to rescind their contract under which Guido sold Hal a mountain bike for $100. To rescind the contract Select one: a. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
When stock traded on an active exchange is issued for a machine: A. No entry is recorded until restrictions are lifted. B. An asset is recorded for the fair value of the stock. C. An asset is recorded for the appraised value of the machine. D.
Answers (1)
Which of the following statements regarding gross profit is not true? Multiple Choice Gross profit equals net sales less cost of goods sold. Gross profit is also called gross margin.
Answers (1)
Jonathan is a part of the HR department in an advertising firm that has recently brought in employees specializing in analysis of large volumes of data about consumer behavior.
Answers (1)
Acme Supply Co. has a new project that will require the company to borrow $3,000,000. Acme has made an agreement with three lenders for the needed financing. First National Bank will give $1,500,000 and wants 10% interest on the loan.
No Answers
Because of differences in the expected returns on different investments, the standard deviation is not always an adequate measure of risk.
Answers (1)
New Questions in Business
The Busy Day_ (Scenario). Don Sakaguchi, manager at Control Systems, Inc., sighs as he sips his coffee at 5 A. M. and reads his agenda for the day.
Answers (1)
Calculator Osler Company is considering an investment with the following dа ta: Initial cost $200,000 Annual net cash inflows $25,000 Expected life 10 years Salvage value none Depreciation will be taken on a straight-line basis over the
Answers (1)
Suppose the current spot rate for the Norwegian kroner is $1 = NKr6.6869. The expected inflation rate in Norway is 6 percent and in the U. S. it is 3.1 percent. A risk-free asset in the U. S. is yielding 4 percent.
Answers (1)
1. The level of prices and the value of money Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of tea, one biscuit, and one magazine. In year one, the basket costs $9.00.
Answers (1)
March 1 Issues 49,000 additional shares of $1 par value common stock for $46 per share. May 10 Purchases 4,400 shares of treasury stock for $49 per share. June 1 Declares a cash dividend of $1.20 per share to all stockholders of record on June 15.
Answers (1)