Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 21, 2024

Albert wants to purchase a stand from Mohammed. They agree that Albert will purchase the stand if the beach is visible from the stand. Mohammed

Albert wants to purchase a stand from Mohammed. They agree that Albert will purchase the stand if the beach is visible from the stand. Mohammed is not sure whether the beach is visible from the stand.

What is such contractual term (as above) called? Briefly discuss this contractual term.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Finance The Markets And Financial Management Of Multinational Business

Authors: Maurice D. Levi

3rd Edition

0070376875, 978-0070376878

More Books

Students also viewed these Finance questions

Question

★★★★★

Tan Chin Ltd. purchases a building for HK$11,300,000 on January 2, 2019. An engineer's report shows that of the total purchase price, HK$11,000,000 should be allocated to the building (with a 40-year...

Answered: 1 week ago

Question

★★★★★

Netscrape Communications does not currently pay a dividend. You expect the company to begin paying a $4 per share dividend in 15 years, and you expect dividends to grow perpetually at 5.5 percent per...

Answered: 1 week ago

Question

★★★★★

3. Reverse perspectives. See the situation from the other persons point of view, and reverse roles and argue for that perspective.

Answered: 1 week ago

Question

★★★★★

The comparative balance sheet of Whitman Co. at December 31, 2016 and 2015, is as follows: The noncurrent asset, noncurrent liability, and stockholders' equity accounts for 2016 are as follows: Dec....

Answered: 1 week ago

Question

★★★★★

Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses $ 217,000 Purchases of raw materials $...

Answered: 1 week ago

Question

★★★★★

Wesson Company is a consulting firm. The firm aspects to have $45,000 in indirect costs during the year and bill customers for 6,000 hours. The cost of direct labor is $75 per hour Calculate the...

Answered: 1 week ago

Question

★★★★★

This week I would like you to work on the "Effective Stress Management" portion of developing yourself as a leader. Think of stress management from two opposing perspectives: stress situations...

Answered: 1 week ago

Question

★★★★★

Given in (a) & (b) are stress states of an element. Are these elements in equilibrium? If not, what are the body forces needed to make the current stress state an equilibrium stress state? (a) -x+y...

Answered: 1 week ago

Question

★★★★★

Would the application of a Just-In-Time production system affect how aggregate planning is conducted? Why? How?

Answered: 1 week ago

Question

★★★★★

If employees don't buy into the plan then management will be acting on their own. How can management encourage employees to buy into the need to be checked on their way out? Multiple Choice Utilize...

Answered: 1 week ago

Question

★★★★★

A random forcing, with a bandwidth of 0-30Hz, is applied to a structure. The response is measured and converted to the frequency domain, and the mobility Nyquist plot is shown below. How many modes...

Answered: 1 week ago

Question

★★★★★

Is it clear from your strategic intent what you are not going to focus on?

Answered: 1 week ago

Question

★★★★★

Does your strategic intent lay out the priorities?

Answered: 1 week ago

Question

★★★★★

Are the investments of time, money and resources sufficient to deliver the goals?

Answered: 1 week ago

Previous Question Next Question