Relinquish the position in favor of mahina

Assignment Help Accounting Basics
Reference no: EM133247175

1.Professor Kevin Loching applied to teach accounting subjects at QCU. Thinking that Professor Loching is a Certified Public Accountant, the school accepted his application and allowed him to teach Cost Accounting, a major subject. Later, it was discovered that Loching is not a board passer. Can the school annul the contract of employment? Yes or No? Why. Explain with a legal basis.

2. Gino, an "ignorant and no read-no write" an avid follower of a religious congregation led by Pastor S, was informed by the latter that the end of the world is about to come and that he should now sell to Pastor S the riceland that Gino inherited from his parents for P1,000 only per hectare. Thinking that the advice of Pastor S is true, he sold his land at the price advised by his Pastor. Is the contract being under a voidable contract? Yes or No? Why. Explain with a legal basis.

3. Mahina threatened to file an election protest against Matapang, the winner, for alleged fraud and terrorism committed in the recent election. Matapang offered a compromise and the two entered into a contract that Mahina will not forego the protest anymore on the condition that after one year, Matapang will relinquish the position in favor of Mahina. Is the contract valid? Explain with a legal basis.

Reference no: EM133247175

Questions Cloud

Explain healthcare policy and law : Analyze the branches of the U.S. government and explain the impact of each branch (legislative, executive, and judicial branches) on healthcare policy.
Who has the most voting power for making decisions : John, Megan, and Alex form a general partnership. John contributes 50% of the capital, Megan contributes 30% and Alex contributes 20%. Who has the right to mana
Does joe have a legal recourse against ron : Joe is driving down a road and sees a riding lawn tractor for sale in the front yard of Ron's house. Stopping - he speaks to Ron about the lawn tractor and why
Mobile marketing is a growing area that is of particular : Mobile marketing is a growing area that is of particular interest to small businesses trying to reach local customers.
Relinquish the position in favor of mahina : 1.Professor Kevin Loching applied to teach accounting subjects at QCU. Thinking that Professor Loching is a Certified Public Accountant, the school accepted his
What are the core value of product : Assume that your task is to design an app for a smart devices like fridges, washing machines, vacuums, etc. Based of this information answer this question
Why individuals are attracted to organization : (i) What are the most important reasons why individuals are attracted to your organization? What are the most important challenges?
Discuss intellectual property : An angel investor that you pitched is considering offering your company (DevCo) a significant investment. If the consideration becomes more serious, there will
Treatment for physical injuries sustained : Maria and her friend Stephanie have recently embarked on a fitness journey which is made up of 3 days of gym, 2 days of running in their neighbourhood, as well

Reviews

Write a Review

Accounting Basics Questions & Answers

  Financial statement effects of fifo and lifo the management

Purchases (all units purchased at the same price in given year):2010-150,000 units @ $3.50 each 2011-180,000 units @ $4.40 each

  By what amount should Ask capital account change

In 2019, the Partnership sustained a loss before interest and salaries to partners. By what amount should Ask's capital account change

  Your client keith moreland leasing company is preparing a

your client keith moreland leasing company is preparing a contract to lease a machine to souvenirs corporation for a

  Calculate the breakeven point for each option

The variable costs of supplies (measured on a per-visit basis) were expected to be $30. Calculate the breakeven point for each option

  What is the most he can consume in his youth

This is the only investment opportunity available to him. What is the most he can consume in his youth

  What is the dollar amount of annual interest you receive

Assume that you purchased a corporate bond with a face value of $10,000. The interest rate is 8.20 percent. What is the dollar amount of annual interest

  What smaller scholarship can be awarded

What smaller scholarship can be awarded the year prior to the rst $5; 000 scholarship?  In what year can the rst $5; 000 scholarship be made?

  Make an income statement

Use the preceding information to make an income statement, a statement of changes in stockholders' equity, and a balance sheet for the company

  How much shall be taken into account in computing net income

How much shall be taken into account in computing net income, if a gain is realized by an individual taxpayer from the sale or exchange of capital assets

  What is the correct amount of year end balance

This error will not make the year end trial balance or the balance sheet out of balance. What is the correct amount of year end balance of the supplies account

  How much income will the franchisor recognize

Prevailing market rate is 9%. PV factor is 3. 2397. On the fiscal year ended October 31, 2018, how much income will the franchisor recognize

  Prepare the journal entries for the transactions

Prepare the journal entries for this transactions. Peterson Company issued 4,000 shares of preferred stock for $240,000. The stock has a par value of $60 per.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd