A quasi-contract is a legal concept used to prevent unjust enrichment when a service or benefit is inadvertently provided to someone who did not request it. In the given scenario, it creates an obligation for Brandon to pay the cleaning service, even though he didn't solicit their work, preventing him from being unjustly enriched at the expense of Robert, who actually hired the cleaners.
The student's question pertains to a quasi-contract, which is a legal concept that creates an obligation between parties, not based on an agreement but due to a unique set of circumstances. This type of contract is designed to prevent one party from being unjustly enriched at the expense of another. In the hypothetical scenario described, Robert hired a cleaning service, but they mistakenly cleaned Brandon's apartment instead. Under a quasi-contract, even though Brandon didn't request the service, he may be required to pay because he received the benefit of the cleaning. This prevents Brandon's unjust enrichment, as he received a service that Robert paid for.
Quasi-contracts are an example of how the law can step in to create fair outcomes when accidents occur. They are mainly used in situations where there is no formal contract between parties, but where someone receives a benefit that would be inequitable to retain without paying for it. So, if the cleaning staff mistakenly cleaned the wrong apartment, the person who received the benefit (Brandon) may need to compensate the service for their work, ensuring that the burden does not unjustly fall on Robert, who initially ordered the service.
In 1 or 2 sentences, describe why sellers in a perfectly competitive market have no control over price.
The reason why sellers in a perfectly competitive market have no control over price is that they need to compare their price with other seller.
What is competitive market?A competitive market is a market structure that doesn't allow single consumer or producer to make decision about the market.
In this market seller needs to compare their price and product with other seller before making decisions.
Therefore, competitive market does not allow a single entity to make decision.
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Oscar's store is open from 6am to 8pm daily. oscar contracts to purchase merchandise from consolidated enterprises and their delivery truck arrives at 10 pm one evening at oscar's store when no one is at oscar's. has consolidated tendered delivery
What should you pay attention to when shopping for a va scanner? how updates are accomplished reputability of the manufacturer estimated length of each scan how complicated it is to set up?
If a sole proprietor is found negligent of an action, then that person could face:
If a sole proprietor is found negligent of an action, then that person could face liability charges. If a sole proprietor is found negligent, they are able to be procescuted for the actions that they did. A sole proprietor is a person doing business as themselves, and not using a EIN/business license/LLC to conduct their business. The sole proprietor is held responsible for anything that they are found guilty for.
If a sole proprietor is found negligent of an action, then that person could face unlimited liability. Thus, option (e) is correct.
In a sole proprietorship, the owner:
Is personally responsible for all debts and obligations of the business.Can have their personal assets, such as savings, properties, and other holdings, seized to satisfy business liabilities.Does not have the legal separation between personal and business assets that corporations enjoy, which means that any legal judgments against the business can directly impact the owner’s personal finances.Faces the risk of personal financial loss if the business runs into legal trouble or incurs significant debt.For example, if a sole proprietor's business faces a lawsuit resulting in a substantial judgment, not only the business assets but also the personal assets of the owner are at risk of being used to pay the liability.
Complete Question:
If a sole proprietor is found negligent of an action, then that person could face:
a) limited liability.
b) stock options.
c) danger of dispute settlement.
d) a gain in business assets.
e) unlimited liability.
Which of the following is NOT an employer responsibility stated in OSHA’s Bloodborne Pathogens Standard?
A.
Educate employees about pathogens.
B.
Provide personal protective equipment.
C.
Take minimal precautions.
D.
Vaccinate individuals at high risk in the workplace against hepatitis B.
The answer is: C. Take minimal precautions.
Blood borne pathogens could be easily transferred from stab wounds, and many working place that require physical labors had a high chance for such occurrence.
Since blood borne pathogens could not be taken lightly, OSHA require employers to take maximum precautions to prevent the transfer of disease.
Taking minimal precautions the following is not an employer responsibility stated in OSHA’s Bloodborne Pathogens Standard. Employers must shield workers against occupational exposure to infectious agents in accordance with OSHA requirements for bloodborne pathogens and personal protective equipment. The correct option is C.
Employers are required to fulfill a number of responsibilities under OSHA's Bloodborne Pathogens Standard in order to prevent employee exposure to bloodborne pathogens. To protect the health and safety of their employees, it is critical for employers to become aware of and assure compliance with the precise standards established in OSHA's Bloodborne Pathogens Standard.
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You want to have $25,000 in your savings account eight years from now, and you're prepared to make equal annual deposits into the account at the end of each year. required: if the account pays 4.75 percent interest, what amount must you deposit each year?
Under what condition will a monopoly firm incur losses?
_____ is an example of a soft benefits provided by a company to its employees.
Mr. mahara, the plant manager at a large manufacturing facility, is interested in watching his workers in order to identify the factors that affect employees' productivity. however, he knows that due to the _______ effect, workers might behave differently if they are aware they are being observed.
However, he knows that due to the "Hawthorne" effect, workers might behave differently if they are aware they are being observed.
The Hawthorne effect is a term alluding to the inclination of a few people to work harder and perform better when they are members in an investigation. The term is regularly used to recommend that people may change their conduct because of the consideration they are accepting from specialists instead of in light of any control of autonomous factors.
The Hawthorne effect has been broadly talked about in brain science reading material, especially those gave to mechanical and hierarchical brain science. Notwithstanding, a portion of the later discoveries propose that huge numbers of the first cases made about the impact might be exaggerated.
Can you finance a car the car then becomes ___ for the loan
When financing a car, the vehicle serves as collateral for the loan. Leasing is another financing method offering lower monthly payments by only requiring amortization on the vehicle's deprecation during the lease term rather than its full price.
When you finance a car, the car then becomes collateral for the loan. The financing rate can vary with market interest rates, and auto manufacturers may offer lower rates to facilitate the sale of specific car models. When considering financing options, it is important to get a dealer quote on financing your car.
From an economic perspective, an alternative to purchasing is leasing your car. Leasing has benefits like substantially lower monthly payments which can assist with cash flow. Unlike purchasing, where you pay interest and amortize the cost over the term of the loan, with leasing, you pay interest and amortize only the difference between the car's purchase price and its residual value after the lease term ends.
Elijah, who is single, is employed as a full-time high school teacher. the school district where he works recently instituted a policy requiring all of its teachers to start working on a master's degree. pursuant to this new rule, elijah spent most of the summer of 2016 taking graduate courses at an out-of-town university. his magi is $64,000 and expenses are as
In some cases, individuals who start a business have special voting rights that help them exercise
Entrepreneurs who incorporate their businesses can have special voting rights, protecting their personal assets and maintaining control over business decisions. Shareholders in public companies vote for a board of directors proportional to their share ownership, influencing the firm's strategy and operations. Additionally, angel investors play an important role in providing capital to new ventures for equity.
Explanation:In some cases, individuals who start a business and opt to incorporate can obtain special voting rights. The principle of incorporation is pivotal as it allows entrepreneurs to enjoy the profits and control of their business much like a sole proprietorship while limiting their financial and legal liabilities. Incorporation creates a structure for businesses that protects the personal assets of the founders; in case of losses or legal issues, the owners risk no more than their initial investment in the company.
Beyond that, shareholders own a public company, and they exercise their influence by voting for a board of directors. These directors are responsible for the strategic oversight of the company and delegate the day-to-day operations to hired executives. The number of votes a shareholder has typically correlates with the amount of stock they own, and sometimes, certain individuals may have additional voting rights either through different classes of shares or contractual arrangements, giving them a greater degree of control over business decisions.
Moreover, entities like angel investors are also significant in the funding of new ventures, where these individuals provide capital for ownership equity in a company. This external source of funding is critical for early-stage development of small businesses, propelling them towards growth and possible public offering where incorporation and voting rights become more formalized.
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Clear, ambiguous acceptance criteria for all deliverables are important because they are the basis for verifying that the project scope has been completed in accordance with the customer's requirements and expectations. false true
Question 2 diversification reduces the risk of a portfolio because ________, and some of the risks are averaged out of the portfolio.
a.stocks do not move identically
b.stocks have common risks
c.stocks are fully predictable
d.stocks are not affected by the market answer:
If blue ridge railway's fixed costs total $50,000 per month, the variable cost per passenger is $ $10, and tickets sell for $50, what is the contribution margin per unit and contribution margin ratio?
Which of the following statements about the Federal Application for Student Aid (FAFSA) is TRUE? A You can only apply online. B The earliest you can submit your FAFSA application is December 1st. C The IRS Data Retrieval Tool allows you to view and transfer your tax information directly into your FAFSA form. D both a & b are true
Answer:
The correct answer is letter "C": The IRS Data Retrieval Tool allows you to view and transfer your tax information directly into your FAFSA form.
Explanation:
The IRS (Internal Revenue Service) Data Retrieval Tool or IRS DRT stores tax information from the students and fathers who filed taxes so that this data can be sent straight to the Free Application for Federal Student Aid (FAFSA) so the form can be completed.
The time (in minutes) between telephone calls at an insurance claims office has the exponential probability distribution:
Answer:
2
Explanation:
The formula states f(x)= 1/μ е⁻ˣ/μ
1/μ = 0.5
cross multiply and make μ the subject of the formula
μ = 2
True or false: as a patient, your doctor must have you sign a hipaa consent and release form to share your ephi or phi with insurance providers who pay your medical bills. this is part of the hipaa privacy rule.
When it comes to making a good impression in a work setting,?
With adequate security controls and defenses, an organization can oftenreduce its risk to zero.
a. True
b. False
How do the internet standards allow for greater commerce? what potential problems could we have if we did not have the ieee?
Internet standards allow for greater commerce by ensuring seamless communication, interoperability, and security between varied systems. Without the IEEE, we could face numerous problems like fragmentation, incompatibility, and security risks.
Benefits of Internet Standards
Internet standards, such as TCP/IP and HTTP, enable different digital systems to communicate efficiently. This ensures that e-commerce platforms, payment gateways, and user devices work harmoniously, providing a smooth online shopping experience.
Standardized protocols facilitate global trade by simplifying cross-border transactions. Consistent communication frameworks help to avoid complications and ensure reliable service delivery, which are crucial for commercial success.
Security standards, like SSL/TLS, protect sensitive data during online transactions, thus building trust and encouraging more users to engage in e-commerce.
Consequences of Lacking IEEE Standards
Without the IEEE, technology fragmentation could occur, leading to communication barriers between different systems. This would likely cause inefficiencies and higher costs for businesses trying to integrate varied technologies.
Lack of standardized protocols can also result in increased security vulnerabilities, making online transactions more susceptible to cyber-attacks and data breaches.
IEEE ensures global consistency and regulatory compliance, which are pivotal for the smooth operation of internet-based businesses. Without IEEE's guidelines, the reliability and cohesiveness of the internet would diminish.
Which of the following are true about retirement? Select all that apply.
1. health needs can cut into retirement funds
2. accidents do not affect retirement funds
3. part of retirement planning includes the costs for things you might need or want
4. retirement planning does not include your personal goals
Which of the following are true about retirement? Select all that apply.
3. Part of retirement planning includes the costs for things you might need or want.
When establishing a retirement fund, it's important to account for items you may need in the future. A retirement fund is set up to help prepare for years down the road when the only source of income is coming from this fund. When you create the fund amount, sit down and decide what you may need or want in the future and budget accordingly so that when retirement comes and necessities or wants are needed, there is not an issue with the money that has been saved.
True or false: the government could achieve the efficient outcome by giving out fire extinguishers for free using tax revenue.
True. Providing public goods through tax revenue can enhance resource allocation efficiency in the market.
The statement is true. By providing fire extinguishers for free through tax revenue, the government can increase the level of provision of a public good, overcoming the issue of free riders. This intervention can lead to more efficient resource allocation.
Free markets may not produce the optimal amount of public goods, which are nonexcludable and nonrivalrous. Governments using tax revenue can ensure the production of public goods efficiently. Public goods like fire services, police protection, and emergency medical services are funded by taxpayers and provided by the government without additional charges.
True or false an advantage of the weighted average inventory method is that it tends to smooth out erratic changes in costs.
At the grocery store, marlon has narrowed down his selections to 44 vegetables, 55 fruits, 66 cheeses, and 77 whole grain breads. he wants to use the express lane, so he can only buy 2020 items. in how many ways can he choose which 2020 items to buy if he wants all 77 whole grain breads?
Final answer:
Marlon's decision to select 1943 items from 44 vegetables, 55 fruits, and 66 cheeses, after choosing all 77 whole grain breads, involves complex combinatorial calculations. Such a situation illustrates the vast number of choices available and underscores the role of combinatorial mathematics in daily decision-making processes.
Explanation:
Since Marlon wants all 77 whole grain breads, he is left with 2020 - 77 = 1943 items to choose from the other categories. The question is: In how many ways can he choose which 2020 items to buy if he wants all 77 whole grain breads? With 44 vegetables, 55 fruits, and 66 cheeses available, the total number of ways he can select the remaining 1943 items from these categories can be calculated as combinations of selecting items from these three groups to make up the 1943 items.
However, this calculation might seem straightforward but actually involves complex combinatorial mathematics, as he can choose any combination of vegetables, fruits, and cheeses to total 1943 items, considering he must choose at least one from each category to meet the diverse dietary requirement. Since the question simplifies the real-world complexity into a theoretical calculation, accurately calculating the exact number of combinations without additional constraints (e.g., if he wants an equal number of items from each category or at least a certain number from each) is beyond basic high school combinatorial problems and typically not calculated using simple formulas.
In practical terms, Marlon's choices are vast, showing the complex nature of combinatorial choices in everyday decisions like grocery shopping. The situation emphasizes the importance of combinatorial mathematics in understanding the possible outcomes of seemingly simple decisions.
Rose is starting to notice some wrinkles around her eyes and mouth. she has decided to purchase some age-defying wrinkle cream but is unfamiliar with available brands. at the store, she picks out a brand because she remembers a clever advertisement about it on television. what level of brand loyalty does this describe?
Rose demonstrates recognition brand loyalty by purchasing an age-defying wrinkle cream based on a memorable advertisement, reflecting a basic level of brand awareness rather than strong brand allegiance.
Explanation:The level of brand loyalty described in the scenario where Rose remembers a brand due to a clever advertisement and decides to purchase it is known as recognition brand loyalty. This is the stage where a customer recognizes a brand from promotional efforts and opts to purchase it but does not have a deep allegiance or commitment to it. It is a mild level of brand loyalty influenced primarily by brand awareness rather than through experience or strong positive associations with the brand.
Companies utilize strategies highlighted by Naomi Klein in No Logo and engage in synergistic advertising practices to ensure their message reaches the consumer from various sources, which can lead to this level of loyalty. Meanwhile, in the beauty and cosmetics sector, countless products are accompanied by claims and signs designed to persuade the consumer into making a purchase, with some leveraging ideas of necessity and routine enhancements to our beauty regimen, as highlighted by the rise in demand for lotions, perfumes, and accessories.
It's also important to understand that while many anti-aging products market themselves on the premise of skin hydration and growth stimulation, the evidence of effectiveness for many of these claims is not always substantial, and the industry is rife with marketing tactics that may not always align with the scientific efficacy of the products.
What strategy of modern manufacturing is Adam Smith referring to in this statement? "To take an example, therefore, from a very trifling manufacture . . . the trade of the pin-maker. . . . One man draws out the wire, another straights it, a third cuts it, a fourth points it, a fifth grinds it at the top for receiving the head; to make the head requires two or three distinct operations; to put it on is a peculiar business, to whiten the pins is another; . . . the important business of making a pin is, in this manner, divided into about eighteen distinct operations."—Adam Smith, The Wealth of Nations
The bronco corporation exchanged land for equipment. the land had a book value of $122,000 and a fair value of $154,000. bronco paid the owner of the equipment $12,000 to complete the exchange which has commercial substance.
Answer:
Fair value of land + Cash given = Fair value of equipment$154000 + 12000 =166000 Equipment (154000 + 12000 )166000 Cash 12000 Land (Book Value)122,000 Gain ($154,000 - $122,000) 32000
Explanation:
Muldoon advertising has an opening balance in its supplies account of $2400 and purchases $3000 of supplies during the year. a year-end physical count shows $2800 in supplies inventory. which is the appropriate journal entry at year end?
Dog owners do not bear the full cost of the noise their barking dogs create and often take too few precautions to prevent their dogs from barking. local governments address this problem by
a. subsidizing local animal shelters.
b. making it illegal to "disturb the peace."
c. encouraging people to adopt cats.
d. having a well-funded animal control department.
Local governments commonly address noise pollution from barking dogs by enacting noise ordinances or laws against disturbing the peace rather than through indirect methods like animal shelter subsidies or promoting cat adoption.
Explanation:The question presented deals with how local governments can address the issue of noise pollution caused by barking dogs. When dog owners do not bear the full cost of the noise their pets create, they may take too few precautions to prevent this disturbance. Local governments may choose several approaches to mitigate this issue. One such approach is by making it illegal to 'disturb the peace', essentially enacting and enforcing a noise ordinance to address the negative externality of noise. This bears similarity to how other local issues, such as the negative externality caused by loud music or parties late at night, are managed through direct regulation or ordinances rather than through more indirect means like taxation or subsidies.
Comparatively, subsidizing local animal shelters, encouraging people to adopt cats, or having a well-funded animal control department are less direct methods for dealing with noise issues specifically and do not constitute a direct attempt to curb the problem of excessive dog barking. The most pertinent and direct approach to reduce noise generated by barking dogs in the community is thus to pass ordinances requiring noise control, such as making it illegal to disturb the peace.