Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 05, 2024

On November 3 sent a fax message to a dealer in precious metals asking for a quote on 800 troy ounces platinum bars for immediate

On November 3 sent a fax message to a dealer in precious metals asking for a quote on 800 troy ounces platinum bars for immediate delivery to his bank. At 10 am the next morning (November 4) the dealer replied by fax my best price is $475 per ounce the investor received th dealers message later on that same day. is there a contract if funds are sent by the end of the day on November 4th.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

College Mathematics for Business Economics Life Sciences and Social Sciences

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

12th edition

321614003, 978-0321614001

Students also viewed these Law questions

Question

★★★★★

What is the normal balance of the following accounts? (a) Cost of Merchandise Sold, (b) Delivery Expense, (c) Merchandise Inventory, (d) Sales, (e) Sales Discounts, (f) Sales Returns and Allowances,...

Answered: 1 week ago

Question

★★★★★

What was the response rate? Was a follow-up done with nonrespondents? How did the respondents compare with the nonrespondents?

Answered: 1 week ago

Question

★★★★★

The bookkeeper of Beautiful World Landscaping prepared the company's balance sheet while the accountant was ill. The balance sheet contains numerous errors. In particular, the bookkeeper knew that...

Answered: 1 week ago

Question

★★★★★

You are going to invest in a stock mutual fund with a front-end load of 6 percent and an expense ratio of 1.39 percent. You also can invest in a money market mutual fund with a return of 2.6 percent...

Answered: 1 week ago

Question

★★★★★

Help with all of thesr Forecasting risk emphasizes the that the correctness of any decision to accept or reject a project is highly dependent upon the: a) Initial cash outflow b) Method of analysis...

Answered: 1 week ago

Question

★★★★★

Mara Isabel Miln escribe una propuesta (proposal) para abrir un albergue (safe house) para mujeres maltratadas. Completa su propuesta con la forma correcta de las siguientes palabras. disfrutar...

Answered: 1 week ago

Question

★★★★★

Describe load and route planning. Explain 2 methods of selecting the best solution load and route optimization. Compare and/or contrast the roles of Freight Forwarders and Freight Brokers. Explain...

Answered: 1 week ago

Question

★★★★★

3.1. In relation to the relevant theory, evaluate the following statement: We need to examine the character of the agent (person) who carries out the action. An agent-based focus examines a person's...

Answered: 1 week ago

Question

★★★★★

Mr. Jones is contemplating retirement. He has just celebrated his 55th birthday and his net worth is $2 million. He hopes that after retirement he can maintain a lifestyle that costs him $100,000 per...

Answered: 1 week ago

Question

★★★★★

5. A manager of a Merchandising firm wishes to test whether its three salesmen X, Y and Z tend to make sales of the same size or whether they differ in their selling abilities. During a week there...

Answered: 1 week ago

Previous Question Next Question