Kay Smith is one of your top-performing subordinates. She has shared with you her desire to apply for promotion to a new position just announced in a different division of the company. This will be tough on you since recent budget cuts mean you will be unable to replace anyone who leaves, at least for quite some time. Kay knows this and in all fairness has asked your permission before she submits an application. It is rumored that the son of a good friend of your boss is going to apply for the job. Although his credentials are less impressive than Kay's, the likelihood is that he will get the job if she doesn't apply. What will you do? 1. What is at stake for the main character? 2. What are the reasons and rationalizations you need to address? 3. What is at stake for the "other" key parties? 4. What "levers" or counterarguments can you make using any data available? 5. What is your most persuasive argument?
Answers
The manager who has a top-performing subordinate named Kay Smith who wants to apply for promotion to a new position in a different division of the company. The main character has budget cuts and is not allowed to replace anyone who leaves. This means that the main character will be losing a top-performing subordinate. Therefore, the promotion of Kay Smith is at stake for the main character.
2. What are the reasons and rationalizations you need to address?The reasons and rationalizations that the main character needs to address are that Kay Smith is a top-performing subordinate and deserves a promotion. She has shared with the main character that she wants to apply for the new position and has asked for permission before submitting an application. On the other hand, the son of a good friend of the main character's boss is also going to apply for the job. Although his credentials are less impressive than Kay's, the likelihood is that he will get the job if she doesn't apply. Therefore, the main character needs to address the reasons and rationalizations why Kay should be promoted and why she is the best candidate for the job.
3. What is at stake for the "other" key parties?The other key parties that are at stake are the boss and the son of the main character's boss's good friend. The son of the main character's boss's good friend is applying for the job, and if Kay does not apply, the son will get the job. Therefore, the job is at stake for the son of the main character's boss's good friend.
4. What "levers" or counterarguments can you make using any data available?The main character can make counterarguments by using the data available that shows that Kay is a top-performing subordinate who deserves a promotion. The main character can also show that Kay has the necessary qualifications and experience for the new position. Furthermore, the main character can provide data that shows that Kay has been an asset to the company, and losing her will be detrimental to the company.
5. What is your most persuasive argument?The most persuasive argument that the main character can make is that Kay is a top-performing subordinate who has the necessary qualifications and experience for the new position. The main character can also show that Kay has been an asset to the company, and losing her will be detrimental to the company. Furthermore, the main character can argue that it is unfair to deny Kay the promotion she deserves because of nepotism.
Learn more about persuasive argument: https://brainly.com/question/29640804
#SPJ11
Related Questions
suppose you can buy 885 shares of vertex pharmaceuticals incorporated (vrtx) stock on margin at $159 per share. your initial margin is 54% and you borrow at the 9 percent. you sell your vrtx shares 4 months later for $180 per share. there were no dividends paid and the prices reflect commissions paid. what is your percent return if you buy on margin?
Answers
The percent return if you buy VRTX stock on margin is 26.8%.
What was your return percentage if you buy on margin?To calculate the percent return on a margin trade, you need to consider the total amount borrowed, the interest paid on the loan, and the net profit from the trade.The initial investment is 885 * $159 = $140,915The amount borrowed is $140,915 * 54% = $76,000The interest paid on the loan after 4 months at 9% per year is $76,000 * (9/12 * 4) = $2,160The net profit from the trade is 885 * ($180 - $159) = $19,865The total return is ($19,865 + $76,000 - $2,160) / $76,000 = 26.8%Therefore, the percent return if you buy VRTX stock on margin is 26.8%.To learn more about stock refer:
brainly.com/question/26128641
#SPJ1
Tommy Richards is paid $20.50 an hour for a regular 40-hour week. He earns time and a half if he works overtime. This week Richards worked his regular 40 hours plus 9 hours of overtime. What is his total pay
Answers
Answer:
$1,094.50
Explanation:
Regular pay is $20.50
Over time pay is $20.50 x 1.5 = $30.75
Tommy earned as follows.
Regular hours : 40 x $20.50 = $820
Overtime hours: 9 x $30.75 =$274.50
Total amount earned
= $820 + $274.50
=$1,094.50
refer to the table. what is the monopolist's profit-maximizing level of output?
Answers
To determine the monopolist's profit-maximizing level of output, we need to look at the table provided. Specifically, we should focus on the column that shows the monopolist's total revenue and total cost at different levels of output.
The monopolist's profit-maximizing level of output is where the difference between total revenue and total cost is greatest, which is also where marginal revenue equals marginal cost. Based on the information provided in the table, it appears that the monopolist's profit-maximizing level of output is 6 units, where the total revenue is $72 and the total cost is $40, resulting in a profit of $32.
To determine the monopolist's profit-maximizing level of output, you would need to analyze the table and find the point where marginal revenue (MR) equals marginal cost (MC). The monopolist will produce the quantity where MR = MC, as it maximizes their profit.
To know more about marginal cost visit:-
https://brainly.com/question/14923834
#SPJ11
Job vs Process
Costing
a. What is the difference between job and process costing?
b. For each of the following businesses, indicate whether job or
process costing would be more appropria
Answers
Job costing and process costing are two approaches to accounting for the costs of producing a product or service. The following are the differences between job and process costing:Job costing is used when each product is unique, such as a building or a ship, while process costing is used when items are indistinguishable from one another and are produced in a batch, such as sugar or flour.
Job costing and process costing are two different costing methods employed by firms. While Job costing is employed for production with many different items, Process costing is used for production with just one item or identical items in bulk. The main differences between job and process costing are based on their nature and focus. While job costing is used to trace costs for a specific job, process costing tracks costs for the entire production cycle. It's also important to note that job costing involves high monitoring and tracing costs, whereas process costing is not.
Process costing involves the calculation of average costs across the production cycle. For each of the following businesses, job or process costing would be more appropriate:A construction company that builds unique buildings and structures would be best suited for job costing since each building and structure is unique, and production costs for each job can be monitored. A paper manufacturer that produces large quantities of paper products of identical quality would be best suited for process costing, which helps to calculate the costs involved in producing each unit.
In conclusion, Job costing and process costing are essential tools for firms to measure the production costs of their products. While job costing is used for unique items, process costing is used for bulk production of identical items. These two techniques assist firms in determining the exact costs of their products. It's crucial to know which one is best for your business, as it will have a direct effect on your decision-making process.
To know more about Job costing visit:
brainly.com/question/14753188
#SPJ11
first come first serve
Answers
Answer:
hiiii
thanks for the free points
Answer:
hi hello
Explanation:
:) :) :):) :) :) :)
Many workplace safety rules are created by which government agency?
A.
USDA
B.
FTC
C.
FDA
D.
OSHA
Answers
Answer:
OSHA
Explanation:
FDA is food and drug
USDA is the US department of agriculture
FTC is federal trade commision
OSHA is a government organization that develops workplace safety regulations. Thus, the appropriate choice is (D).
What is the role of a Government Agency?A government agency, occasionally an appointed commission, is a permanent or semi-permanent institution within the legislative, executive, and judicial branches of government that is tasked with supervising and managing a variety of tasks, including administration.
Agency kinds come in a wide range. A government agency is often distinct from a department, ministry, and other sorts of public bodies established by the government, notwithstanding terminology differences. Since different sorts of organizations (such commissions) are typically established in an advising capacity,
The boundary between executive and advisory tasks of an agency is sometimes blurred in reality, yet it is not permitted.
Within a federal system, an agency of the government may be founded by either the federal government or a state government.
Hence the correct option is (D).
Learn more about Government Agency , from :
brainly.com/question/28112143
#SPJ6
A large publicly traded company will receive a major financial benefit from the sale of its stock ________.
a. when the stock is traded on the New York Stock Exchange
b. each time a shareholder buys or sells the stock
c. when it offers the stock as an employment benefit
d. at the initial public offering
Answers
Answer:
d. at the initial public offering
Explanation:
The initial public offering, or the IPO, is the process by which shares of a company are sold to investors for the first time in the exchange market. Through the IPO process, a private company transforms into a public company.
The IPO process generates a huge amount of capital for the issuing company. As the company offers new shares, it receives money from investors. The IPO is different from normal trading in the stock exchange, where share changes hands between investors. The initial public offering is conducted at the primary market, where all proceeds apart from the investment bank's fee go to the issuing company.
Which function identifies prospects in the marketplace, works with research and development to create products, develops promotion strategies, and establishes prices?
Answers
The function that identifies prospects in the marketplace, works with research and development to create products, develops promotion strategies and establishes prices is known as Marketing.
What is Marketing?It refers to the process of creating, distributing, pricing and promoting goods, services in order to facilitate satisfying exchange relationships with customers and develop and maintain favorable relationships with stakeholders in a dynamic environment.
Read more about Marketing
brainly.com/question/25369230
#SPJ1
In general, and statistically speaking, most new products are in:
A.
eco-friendly upcycling.
B.
construction and manufacturing.
C.
beauty and personal wellness.
D.
education and academics.
Answers
In general, and statistically speaking, most new products are in beauty and personal wellness.
What is the meaning of productsAnything you offer to fulfill a customer's need or desire is a product. They could be real or imaginary. A physical product can be either durable (such as vehicles, furniture, or computers) or nondurable (like food and beverages).
What do basic products entail?The simplest type of product is one that is a physical good with a straightforward SKU. Simple products can be sold alone, as grouped, bundle, or customizable products, or both.
To know more about Products visit:
https://brainly.com/question/22852400
#SPJ1
Answer:c beauty and personal welness
Explanation:
Use the two concepts of efficiency to compare a perfect market structure with a monopoly
Answers
Efficiency is an important concept in economics that refers to the ability of a system or process to produce goods or services at the lowest possible cost.
In a perfect market structure, there are many buyers and sellers competing with each other, which leads to lower prices and higher quality goods. On the other hand, a monopoly is a market structure where there is only one seller, which can lead to higher prices and lower quality goods due to lack of competition.
To compare the efficiency of a perfect market structure and a monopoly, we can look at the following factors:
Resource allocation: In a perfect market structure, resources are allocated efficiently as there is competition among buyers and sellers. In a monopoly, resources may not be allocated efficiently as there is no competition.
Price: In a perfect market structure, prices are determined by the interaction of supply and demand, leading to lower prices and higher quality goods. In a monopoly, prices may be higher as there is no competition to lower them.
Quality: In a perfect market structure, quality is generally high as there is competition among sellers to provide the best products and services. In a monopoly, quality may be lower as there is no competition to encourage innovation and improvement.
Efficiency: In a perfect market structure, efficiency is high as there is competition among sellers and buyers. In a monopoly, efficiency may be lower as there is no competition to drive down costs and improve processes.
Learn more about Efficiency visit: brainly.com/question/28543234
#SPJ4
If the waitor take to long to bring out your food, what you doin?
Answers
Please be kind to your server. It’s usually not their fault. Sometimes the kitchen is “backed up” for whatever reasons. I ask you to please enjoy your night out and to not feel rushed. It’s understandable if you have an agenda. Please be patient toward the food that you’ve ordered. Sometimes in a busy restaurant it may take some unexpected time for your meal to arrive as intended. That means that the chefs are working their best to present the right meal to you. The last thing a restaurateur wants is an unhappy diner.
why can herbal industry florish in nepal? give reason
Answers
The herbal industry in Nepal can flourish because of the widespread availability of medicinal herbs, plants, and shrubs endemic to the country's terrain.
Other reasons-Additionally, the traditional system of medicine that has been practiced in Nepal for centuries provides an established market for medicinal plants. Furthermore, Nepal is located in a region known for its abundance of biodiversity, providing many natural resources which can be used for the expansion of this industry.
Herbs, usually found at altitudes above 3,000 meters, are thought to be rich in natural chemicals. “Because there is no mechanism to label and provide specifications, the country loses huge revenue potential every year,” Bhandari said, adding that the turmeric found in Nepal could be used as a food product if attention is paid to packaging and marketing, added that it can also secure a good market in Europe.
To know more about Nepal and herbal industry-
https://brainly.com/question/27137295
#SPJ1
How do u explain evil deeds done by otherwise!
Answers
PREJUDICE IS A THEME DEVELOPED IN HUMAN BEINGS, WHEN SOMEONE IS ABOUT TO SUCCEED AND A MIDDLE PERSON CANNOT AFFORD TO SEE THE GROWTH IN OTHER THAT ARE NOT HIMSELF(S) / HERSELF(S).
AND THIS BEHAVIOR IS MOSTLY PRESENT IN PEOPLE WHO HAVE NOT HAD GOOD EXPERIENCES IN DURING THEIR LIVES.
MARK “BRAINLIEST.”
Question #1
Multiple Choice
What is it called when a small number of companies control more than 40 percent of a market?
O monopoly
O oligopoly
O competitive market
duopoly
Question # 2
Fill in the Blank
Answers
Answer:
Oligopoly.
Explanation:
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
The characteristics of an oligopolistic market structure are;
1. Mutual interdependence between the firms.
2. Market control by many small firms.
3. Difficult entry to new firms.
According to the concentration ratio, when a small number of companies control more than 40 percent of a market, it is called an oligopoly.
In a(n) ____ a large number of buyers and sellers in the market, none of whom can individually affect the price of the product or service being bought or sold.
Answers
In a(n) perfectly competitive market, there is a large number of buyers and sellers, none of whom can individually affect the price of the product or service being bought or sold.
In a perfectly competitive market, there are several key characteristics:
Large number of buyers and sellers: There are numerous participants in the market, with no single buyer or seller having significant market power.
Homogeneous products: The products or services being traded are identical or very similar, with no differentiation among them.
Perfect information: Buyers and sellers have access to all relevant information about the market, including prices, quality, and availability.
Ease of entry and exit: Firms can enter or exit the market without significant barriers or restrictions.
Price takers: Each buyer and seller accepts the prevailing market price and has no influence over it.
In a perfectly competitive market, the forces of supply and demand determine the equilibrium price and quantity of the product or service. Individual buyers and sellers are price takers, meaning they must accept the market price established by the overall market dynamics.
To know more about perfectly competitive market, click here, https://brainly.com/question/32195089
#SPJ11
1 $ 47,200 2 52,900 3 75,500 4 95,500 5 125,800 required: 1. determine the payback period for this investment. 2. determine the break-even time for this investment
Answers
1. The payback period for this investment is approximately 1.529 years.
2. The break-even time for this investment is Year 3.
To determine the payback period for this investment, we need to find the time it takes for the cumulative cash flow to equal or exceed the initial investment of $47,200.
Let's calculate the cumulative cash flows:
Year 1: $47,200
Year 2: $47,200 + $52,900 = $100,100
Year 3: $100,100 + $75,500 = $175,600
Year 4: $175,600 + $95,500 = $271,100
Year 5: $271,100 + $125,800 = $396,900
The payback period is the time it takes for the cumulative cash flow to reach or exceed the initial investment. Looking at the cumulative cash flows, we see that it exceeds $47,200 in Year 3. However, to find the exact payback period, we interpolate between Year 2 and Year 3:
Payback period = Year 2 + [(Initial investment - Cumulative cash flow in Year 2) / Cash flow in Year 3]
Payback period = 2 + [(47200 - 100100) / 75500]
Payback period = 2 + (-0.471) = 1.529 years
Therefore, the payback period for this investment is approximately 1.529 years.
To determine the break-even time for this investment, we need to find the time it takes for the cumulative cash flow to equal zero. In this case, it is Year 3.
Learn more about payback period :
https://brainly.com/question/28304736
#SPJ11
Find the interest on the following loan.
$1050 at 5.5% for 9 months
Answers
Answer: The answer would be $57.75
Explanation:
1050 x 0.055(the interest rate) = 57.75
Can I have brainliest? It would help me out, if not thanks anyways! Hope this helped and have a nice day!
Which image format is good for compressing large, complex images like photos into smaller file sizes? A. GIF B. JPEG C. ODG D. DRAW
Answers
Answer: JPEG
Explanation:
JPEG is an acronym that stands for Joint Photographic Experts Group. It is typically used to compress large files sizes into smaller sizes. This enables images to be shared easily. It should be noted that apart from reducing the format size of the image, it also reduces the image quality.
GIF is an acronym for Graphics Interchange Format. It is also used to compress large image files but doesn't compress it as much as a JPEG will do. It also supports animation.
Answer:
B. jpeg :)
Explanation:
Sehat (Pty) Ltd, a resident company that was formed in 2005, has a 31 March financial year-end. The company distributed the following amounts/assets to its sole shareholder, Mr Ahmed, on 1 July 2021:
a cash distribution of R1 000 000;
an in specie distribution of trading stock with a market value of R500 000 (the trading stock was acquired on 10 April 2021 at a cost price of R300 000); and
an in specie distribution of a building with a market value of R1 500 000 (the building was acquired on 12 July 2008 for R1 200 000; the building did not qualify for any capital allowances).
YOU ARE REQUIRED TO: 3.1. Calculate the normal tax consequences arising from the above distributions for Sehari (Pty) Ltd’s 2022 year of assessment. (10 marks)
3.2. Calculate the amount of dividends tax that Sehari (Pty) Ltd is obliged to pay over to SARS. (10 marks)
Answers
Sehat (Pty) Ltd is a resident company that was established in 2005, with a financial year-end of 31 March. On 1 July 2021, the company gave the following amounts/assets to its sole shareholder, Mr Ahmed, cash distribution of R1 000 000.
An in-specie distribution of trading stock with a market value of R500 000 (acquired on 10 April 2021 at a cost price of R300 000); and an in-specie distribution of a building with a market value of R1 500 000 (acquired on 12 July 2008 for R1 200 000; the building did not qualify for any capital allowances). In terms of section 46 of the Income Tax Act, a resident company is deemed to have made a dividend distribution equal to the sum of any asset or cash distribution made to its shareholders on or after 1 April 2012, to the extent that the distribution is from accumulated profits and profits earned in the year of assessment in which the dividend was declared, subject to certain adjustments. Total taxable income R1 200 000Normal tax liability R444 500Dividend tax payable is R200 000.
To know more about distribution refer :
https://brainly.com/question/30467880
#SPJ11
Consider the supply and the dam and of product Z:
Answers
Answer:
b
Explanation:
i think b
After analyzing your public health issue in Milestone One and studying socioeconomic factors affecting healthcare in this module, you will write a short paper to identify and analyze socioeconomic barriers and supports involved in addressing the public health issue. Your paper must include an introduction to your public health issue, a discussion of socioeconomic barriers to change, a discussion of supports for change, and a conclusion with a call to action for your readers. Assume your readers will include healthcare administrators and managers, as well as healthcare policy makers and legislators.
PUBLIC HEALTH ISSUE : Childhood Obesity
III. Supports
A. Identify two possible socioeconomic supports for change and describe each with specific details.
B. Consider patient demographics (e.g., age, ethnicity, and education), geographic factors (e.g., urban/rural location), and psychographic factors
(e.g., eating habits and employment status).
C. Justify your points by referencing your textbook or other scholarly resources.
IV. Conclusion
A. Conclude with a clear call to action: What can your readers do to assist in the implementation of the necessary changes?
Answers
This short paper addresses socioeconomic barriers and supports related to childhood obesity.
It includes an introduction to the public health issue, a discussion of socioeconomic barriers to change, and two identified socioeconomic supports for change. The conclusion provides a call to action for readers to assist in implementing necessary changes.M Childhood obesity is a significant public health issue that requires attention and action. Socioeconomic barriers can hinder efforts to address this issue effectively. These barriers may include limited access to nutritious food options in low-income areas, inadequate healthcare coverage for obesity prevention and treatment, and educational disparities that impact health knowledge and behaviors. These barriers can disproportionately affect certain patient demographics, such as those from low-income households, minority populations, and areas with limited resources. Despite these barriers, there are socioeconomic supports that can facilitate positive change. One support is the implementation of community-based intervention programs that target at-risk populations and provide resources for healthy eating and active living.
Learn more about childhood obesity here:
https://brainly.com/question/11591917
#SPJ11
In which of the following situations is a good NOT scarce?
A. Consumer give up nothing to obtain more of the good.
B. Consumer can purchase as much of the good as they want at its current market price.
C. Large quantities of the good are available in the marketplace.
D. There is a surplus of the good at some positive price.
E. There is a shortage of the good at some positive price.
Answers
Josh runs a kayak rental company in Florida keys. his career would fall under the education and training career cluster true or false.
Answers
Answer:
The answer is False
Why would a borrower get a cosigner for a loan?
Answers
If the principal borrower defaults on a loan, the co-signer agrees to assume repayment of the debt.
Why would someone co-sign for a loan?
When you cosign for someone, you agree to be held accountable for the loan, lease, or other contract should the primary borrower be unable to make the required payments.
Everything for which you cosign will appear on your credit record as if it were your own, which, depending on your credit history, may have an influence on your credit ratings.
What distinguishes a cosigner from a guarantor?
The lease is signed by a cosigner and guarantor who both agree to be responsible for paying the rent. Whereas a guarantor is only obligated to make payments if the principal borrower is unable or unwilling to do so, a cosigner is accountable from the moment they sign the loan.
Learn more about a co-signer
brainly.com/question/28997384
#SPJ1
Breton Woods Standards were found to be inadequate mainly because
Answers
Answer:
A key reason for Bretton Woods' collapse was the inflationary monetary policy that was inappropriate for the key currency country of the system.
Explanation:
The US decision to suspend gold convertibility ended a key aspect of the Bretton Woods system. The remaining part of the System, the adjustable peg disappeared by March 1973.
In December 2021, Quebec Printing received $500 cash from customers, in advance, for magazine subscriptions to be delivered in 2022. What would be the appropriate journal entry for the December 2021 transaction
Answers
In December 2021, Quebec Printing received $500 cash from customers, in advance, for magazine subscriptions to be delivered in 2022.
The appropriate journal entry for the December 2021 transaction will be:A journal entry is an accounting process in which transactions are recorded in an account.
For Quebec Printing, receiving $500 cash from customers, in advance, for magazine subscriptions to be delivered in 2022 will be recorded as below:Cash (debit) $500Unearned Revenue (credit) $500
Reason for the journal entry:This journal entry is to record the receipt of cash payment from customers in advance for the magazines that are to be delivered in the future.
Since the revenue is unearned, it is considered a liability and the cash received is recorded as a liability until the goods or services are delivered, then the liability is converted to revenue.
To know more about transaction,
https://brainly.com/question/1016861
#SPJ11
What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
Learn more about Communication at:
brainly.com/question/25645043
#SPJ4
The study of group __________ helps us to recognize the formation of a group and states how the group should be organized, lead and promoted. Fill in the blank.
Answers
Answer:
dynamics
Explanation:
Group dynamics is a term that is used in describing the formation and the actual nature or characteristics of a group in connection to every member of the group and or in relation to how the group interacts with other groups.
Hence, the study of group DYNAMICS helps us to recognize the formation of a group and states how the group should be organized, lead, and promoted.
When the Group of dynamics may be a term that's utilized in describing the formation and also the actual nature or characteristics of a bunch in connection to each member of the group and or in respect to how the group interacts with other groups.
DynamicsHence, the study of social psychology that is Dynamics helps us to acknowledge the formation of a gaggle and states how the group should be organized, lead, and promoted.
Thus, the correct answer is Dynamics
Find out more information Dynamics here:
https://brainly.com/question/18114174
A neighbor’s kid comes into your backyard and jumps on the trampoline without your permission or knowledge. He falls off and lands on his head, resulting in a week’s hospital stay.
Answers
The first step should making sure such child receives proper medical attention. When he is well, we can have a conversation with the neighbor to prevent it from happening again..
What should be done in the event?It is very important to prioritize the child's health in this situation and once the medical attention has been sought, we can have a calm and respectful conversation with the child's parent to discuss the incident for future interactions.
One can also review any legal liabilities or insurance policies that could be involved. So, by taking proactive steps to prevent similar incidents in the future can help maintain positive relationships with neighbors while ensuring everyone's safety.
Read more about accident
brainly.com/question/26670019
#SPJ1
rafael tells his friends that he wants to sell his party barge for $30,000. rafael has some flyers made up with a picture of the party barge, a description of the features, and the price. andre obtains one of the flyers and contacts rafael about purchasing the party barge. rafael draws up a contract and mistakenly lists the price of the party barge at $20,000 instead of $30,000. rafael and andre both sign the contract. when andre brings $20,000 to purchase the party barge, rafael discovers his mistake. will rafael be able to rescind the contract?
Answers
The situation described involves a mistake in the contract between Rafael and Andre. Whether or not Rafael can rescind the contract depends on the jurisdiction and laws that govern the agreement.
In some jurisdictions, if a mistake is made in the contract, it can be voided if it is considered a material mistake and both parties are unaware of the mistake at the time of signing. In this case, Rafael's mistake in listing the price of the party barge at $20,000 instead of $30,000 could be considered a material mistake.
However, the mistake may not be considered material if it is determined that Rafael and Andre both had knowledge of the correct price at the time of signing the contract. In that case, the contract may not be voided and Rafael may have to sell the party barge for $20,000.
Ultimately, it would be best for Rafael to consult a legal expert or attorney to determine the specific laws and circumstances that apply to his situation and whether or not he can rescind the contract.
For such more question on rafael
https://brainly.com/question/29018063
#SPJ4