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1. Shelly accepts Corelli's offer, assuming that the contract has met all of the requirements for a valid contract. The question is Corelli was a minor when he purchased the painting. Is the contract void? Is it voidable? What is the difference between these two concepts? A month after his eighteenth birthday Corelli decides that he would rather have $2,500 than the painting. He informs Shelly that he is disaffirming the contract and request that Shelly returned the $2,500 to him. When Shelly refuses to do so, Corelli brings a court action to recover the $2,500. What will the court likely decide in this situation? Why?
You work for a compensation consulting firm. Discuss the key factors that will influence your recommendation for each of these three parameters.
Using ISLM analysis, explain what would cause the aggregate demand curve to be steep.
Explain and apply the core principles of at least two ethical theories to draw specific moral conclusions about the question you are discussing.
Are all expenditures of a government included in the calculation of GDP for that nation? Why or why not? If not, what government expenditures should be excluded from GDP?
Explain how payoff matrices used in Game Theory illustrate mutual interdependence among firms in oligopolies. How can they be used to predict likely outcomes?
After a 10 percent price discount, a company found that its weekly sales increased by 30 percent. If the marginal cost (MC) of this product is $40 each, determine the optimal price for this product?
Using the Black-Scholes-Merton model, compute the price of a call and put given a market price of underlying stock of $83, exercise price of $85, 65 days to expiration,
Suppose you have been employed by FIFA to recommend on the pricing of tickets for the World Cup Final on 11th July 2010 to be played at Soccer City Johannesburg,
The contract provided that the cakes were to be delivered by 5:00 p.m. December 15 and that œtime is of the essence. What is the significance of these words in the contract
What do you think would have happened in the absence of the CAP?
Explain how financial crowding out can reduce the effectiveness of fiscal policy. What determines the magnitude of crowding out?
Explain the meaning of cultural competence. How can you describe the cultural competence at your work?
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