Jack is a talented investor, but his earnings vary considerably from year to year. In the coming year he expects to earn either $250,000 with good luck or $90,000 with bad luck. Somewhat oddly, given his chosen profession, Jack is risk averse, so that his utility is equal to the square root of his income. The probability of Jack's having good luck is 0.5. A). What is Jack's expected utility for the coming year? B). What amount of certain income would yield the same level of utility for Jack as the expected utility in part (A)?
Answers
A) Jack's expected utility for the coming year is 400.
B). The amount of certain income that would yield the same level of utility for Jack as the expected utility in part (A) is $160,000.
A) To calculate Jack's expected utility for the coming year, we need to consider the probabilities of each outcome and the utility of each income.
Expected utility = (probability of good luck * utility of good luck income) + (probability of bad luck * utility of bad luck income)
Probability of good luck = 0.5
Probability of bad luck = 0.5
Utility of good luck income = square root of $250,000 = $500
Utility of bad luck income = square root of $90,000 = $300
Expected utility = (0.5 * 500) + (0.5 * 300)
Expected utility = 250 + 150
Expected utility = 400
So, Jack's expected utility is 400.
B) To find the amount of certain income that would yield the same level of utility for Jack as the expected utility in part (A), we need to find the income that would give a utility of 400.
Utility = square root of income
400 = square root of income
Income = 400^2
Income = 160,000
Therefore, a certain income of $160,000 would yield the same level of utility for Jack.
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Related Questions
Suppose that you deposit $2,000 in your bank and the required reserve ratio is 10 percent. The maximum loan your bank can made as a direct result of your deposit is Group of answer choices
Answers
Answer:
the maximum loan could bank made as the direct result of the deposit is $1,800
Explanation:
The computation of the maximum loan could bank made as the direct result of the deposit is given below:
= Deposit amount × (1 - required reserve ratio)
= $2,000 × (1 - 0.10)
= $2,000 × 0.90
= $1,800
hence, the maximum loan could bank made as the direct result of the deposit is $1,800
How do savers benefit from capital markets?
Answers
Answer:
It also helping our country to become stable and giving a good position in economic compare to other country because if savers give more capital to the financial market the can used as a capital for borrowers to do their business to gain more profit to all of them,
Explanation:
Opinion
Joseph is a friend of yours. He has plenty of money but little financial sense. He received a gift of $12,000 for his recent graduation and is looking for a bank in which to develop the funds. Partner savings Bank offers an account with an annual interest rates of 3% compound semiannually , while Selwyn offers an account with a 2. 75% annual interest rates compounded continuously. Calculate the value of the two accounts at the end of one year, and recommend to Joseph which account he should choose
Answers
1) The future value, FVn, of the deposit with Partners' Savings Bank is $12,468.49. 2) The FVn, of the deposit with Selwyn's Savings Bank is $12,464.43. 3) Joseph should choose Partners' Savings Bank.
To calculate the future values, we can use the formula for compound interest:
1. For Partners' Savings Bank:
\(FV_n = P \times \left(1 + \frac{r}{n}\right)^{nt}\)
where P is the principal amount ($12,000), r is the annual interest rate (3.75%), n is the number of compounding periods per year (2 for semiannual compounding), and t is the time in years (1 year).
Plugging in the values, we get:
FVn = \(12,000 \times \left(1 + \frac{0.0375}{2}\right)^{2 \times 1}\) = $12,468.49
2. For Selwyn's Savings Bank (compounded continuously):
FVn = P x \(e^{rt}\)
where P is the principal amount ($12,000), r is the annual interest rate (3.50%), e is the base of the natural logarithm (approximately 2.71828), and t is the time in years (1 year).
Plugging in the values, we get:
FVn = \(12,000 \times e^{0.0350 \times 1}\) = $12,464.43
3. Comparing the future values, we see that Partners' Savings Bank provides a slightly higher value of $12,468.49, while Selwyn's Savings Bank offers $12,464.43. Therefore, Joseph should choose Partners' Savings Bank since it provides a slightly higher return on his $12,000 deposit after one year.
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The complete question is: Joseph is a friend of yours. He has plenty of money but little financial sense. He received a gift of $12,000 for his recent graduation and is looking for a bank in which to deposit the funds. Partners' Savings Bank offers an account with an annual interest rate of 3.75% compounded semiannually, while Selwyn's offers an account with a 3.50% annual interest rate compounded continuously. Calculate the value of the two accounts at the end of one year, and recommend to Joseph which account he should choose.
1. The future value, FVn, of the$12,000 deposit with the Partners' Savings Bank is ______? (Round to the nearest cent.)
2. The future value, FVn, of the$12,000 deposit with the Selwyn Savings Bank is ______? (Round to the nearest cent.)
3. Which bank should Joseph choose? Partners or Selwyn?
Charitable donations, entertainment expenses, and
financial goals are all examples of...
things to consider when creating a budget.
things that are considered needs.
activities that contribute to overspending.
activities that are necessary for a healthy lifestyle.
Answers
Answer: Things to consider when creating a budget.
Explanation: Trust me bro
Giving donations, entertainment costs, and financial goals are all examples of the things to consider when creating a budget. As donation and entertainment expenses can be the measures to control the budgeting.
How making budget is helpful?Budget keeps the person spending tightly accurate to the mark and like to help in saving of the money. It facilitates the person income and expenses equally and shows how much person can spend on the specific thing.
Budget cuts the extra expenses of the person and provide the measurement of spending.
Thus, option A is correct.
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Assuming elasticity of demand is reported as an absolute value, a price elasticity of demand of 0.4 indicates an: Multiple Choice elastic demand, meaning the percentage change in quantity demanded will be greater than the percentage change in price. inelastic demand, meaning the percentage change in quantity demanded will be greater than the percentage change in price. elastic demand, meaning the percentage change in quantity demanded will be less than the percentage change in price. inelastic demand, meaning the percentage change in quantity demanded will be less than the percentage change in price.
Answers
A Price elasticity of 0.4 means that there is inelastic demand, meaning the percentage change in quantity demanded will be less than the percentage change in price.
Price elasticity shows how much the quantity that is demanded of a good will change as a result of prices changing.
When the Price elasticity is less than 1, as is the case here, it means that for every 1% change in price, there is a 0.4% change in quantity demanded. This means that demand is inelastic as it does not change significantly as a result of a price change.
Examples of such goods include:
medicine utilities foodall essential goodsIn conclusion, a price elasticity of 0.4 means that a good is inelastic because the quantity demanded of it does not change significantly in response to a price change.
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...hype me up ayeeee
Answers
Answer:
Fact: Some fungi create zombies, then control their minds
Explanation:
The tropical fungus Ophiocordyceps infects ants’ central nervous systems. By the time the fungi been in the insect bodies for nine days, they have complete control over the host’s movements. They force the ants to climb trees, then convulse and fall into the cool, moist soil below, where fungi thrive. Once there, the fungus waits until exactly solar noon to force the ant to bite a leaf and kill it.
Answer:
yes
Explanation:
What is the formula for the rule of 72?
Answers
Number of years to double investment = 72 / annual interest rate
This formula provides an estimate of the number of years it takes for an investment to double in value, given a fixed annual interest rate.
What total amount of money would you have if you invested $5,000 at 2% interest for 3 years and the interest was calculated using the simple interest method? Use the simple interest example above as a guide to calculate simple interest, please show your work.
Answers
Answer:7,445.50
Explanation:
Answer:
simple Interest: $5,300.00
Annually Compounded Interest: 5,306.04
Explanation: Compound Interest means that you earn "interest on your interest", while Simple Interest means that you don't - your interest payments stay constant, at a fixed percentage of the original principal.
Al-Otaibi ST. Male infertility among bakers associated with exposure to high environmental temperature at the workplace. Journal of Taibah University medical sciences. 2018 Apr;13(2):103.
Answers
1. Improve workplace environment by reducing ambient temperature and ensuring proper ventilation.
2. Provide protective gear and equipment to minimize direct exposure to heat.
3. Modify work schedules to minimize exposure to extreme temperatures.
4. Promote proper hydration and provide access to clean drinking water.
5. Conduct education and training programs on heat-related health risks and prevention measures.
6. Offer regular health check-ups and support for workers' well-being.
7. Ensure compliance with workplace regulations and safety standards.
1. Workplace Environment: Implement measures to reduce the ambient temperature in the workplace, such as proper ventilation, air conditioning, or fans. This can help create a more comfortable working environment and reduce the negative impact of heat on male fertility.
2. Protective Gear: Provide appropriate protective gear to workers, such as heat-resistant clothing or personal cooling devices. This can help minimize direct exposure to high temperatures and reduce the risk of heat-related fertility issues.
3. Work Schedules: Modify work schedules to minimize exposure to extreme heat. Consider shifting work hours to cooler times of the day or implementing frequent rest breaks in cool areas to allow the body to cool down and recover from heat stress.
4. Hydration: Encourage workers to stay well-hydrated by providing access to clean drinking water and educating them about the importance of maintaining proper hydration levels.
5. Education and Awareness: Conduct training programs to educate workers about the potential risks of high environmental temperature on male fertility. Raise awareness about the signs and symptoms of heat-related health issues and encourage early reporting of any problems.
6. Medical Support: Offer regular health check-ups, including fertility assessments, for male workers exposed to high temperatures. This can help identify any potential fertility issues early on and provide appropriate medical support and interventions.
7. Workplace Regulations: Ensure compliance with local occupational safety and health regulations regarding temperature limits in the workplace. Regularly assess and monitor temperature levels to ensure they remain within acceptable ranges.
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What will be the end result for the taxpayer who filed his federal income tax
return using the 1040EZ form shown below?
Answers
Answer:
I got " He Will Owe $180
Explanation:
A P E X
Answer: he will owe 250
Explanation:
Click this link to view O*NET's Skills section for Actors.
Note that common skills are listed toward the top, and less common skills are listed toward the bottom. According to
O*NET, what are common skills needed by Actors? Select four options.
mathematics
speaking
social perceptiveness
active listening
reading comprehension
operation monitoring
Answers
Answer:
speaking, active listening, reading comprehension, social perceptiveness
Answer:
2 3 4 5
Explanation:
trust :D
From your own understanding on the concept of "Game Theory",
what can you conclude about the relationship between rules of the
game and the outcome that results?
Answers
Game Theory is a mathematical framework used to study decision-making in strategic situations where multiple players are involved. In this context, the rules of the game are critical in determining the outcome that results. The rules of the game define the available choices and actions that players can take, the payoffs associated with each decision, and the order in which decisions are made.
The outcome that results from a game is a function of the actions taken by each player, given the rules of the game. Therefore, changing the rules of the game can significantly alter the outcome of a game. For example, if the rules of the game favor one player over the others, that player is more likely to win the game. Alternatively, if the rules of the game are too restrictive, the outcome may be suboptimal for all players. In conclusion, the rules of the game play a crucial role in determining the outcome of a game, and changing these rules can have a significant impact on the result.
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A firm is issuing new debt to finance some capital investment project. The firm will issue 20,000 new $1,000 face-value bonds that will mature in 20 years. The bonds have a coupon rate of 8% and are currently priced at par. The flotation costs that are associated with this new bond issue are expected to be $10 per bond. Further, the company has a marginal tax rate of 34%. Given this information, the before-tax cost of debt is _______________.
Answers
Answer:
8.09%
Explanation:
the coupon paid by each bond = $1,000 x 8% = $80
the net amount of money received from each bond = $990
n = 20
now we must find the yield to maturity:
YTM = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]
YTM = {$80 + [($1,000 - $990)/20]} / [($1,000 + $990)/2] = $80.50 / $995 = 0.0809 = 8.09%
in response to concerns about intrusions of privacy, most large companies now appoint a ________ to safeguard the information of consumers who do business with the company.
Answers
in response to concerns about intrusions of privacy, most large companies now appoint a Chief Privacy Officer to safeguard the information of consumers who do business with the company.
To address concerns about privacy intrusions, many large companies have started appointing a Chief Privacy Officer (CPO). The CPO's role is to ensure that the company's data handling practices align with privacy regulations and best practices.
They are responsible for developing and implementing privacy policies, assessing privacy risks, and overseeing data protection measures. The CPO works towards safeguarding the information of consumers who engage in business with the company, ensuring that their privacy rights are respected and their data is handled securely.
This position plays a critical role in maintaining trust and transparency between the company and its customers regarding their personal information.
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Round all answers to the nearest cent.
The revenue from the sale of a high-end cameras is given by:
R(x)= 1000 x 5x^2
a. What is the average change in revenue if production is changed from x = 14 to x = 17? b. What is the instantaneous rate of change in revenue at x = 14?
Answers
Solution: a) 155000
b) 140000
the revenue function R(x) = 1000 * 5x^2, we need to find:
a) The average change in revenue if production is changed from x = 14 to x = 17.
b) The instantaneous rate of change in revenue at x = 14.
a) To find the average change in revenue, first calculate the revenue at x = 14 and x = 17:
R(14) = 1000 * 5(14)^2 = 1000 * 5 * 196 = 980000
R(17) = 1000 * 5(17)^2 = 1000 * 5 * 289 = 1445000
Now, find the difference in revenue and divide it by the change in production units (17 - 14 = 3):
Average change in revenue = (R(17) - R(14)) / (17 - 14) = (1445000 - 980000) / 3 = 465000 / 3 = 155000
b) To find the instantaneous rate of change, we need to find the derivative of R(x) with respect to x:
dR(x)/dx = d(1000 * 5x^2)/dx = 1000 * 10x
Now, evaluate the derivative at x = 14:
dR(14)/dx = 1000 * 10 * 14 = 140000
So, the answers are:
a) The average change in revenue if production is changed from x = 14 to x = 17 is $155,000.
b) The instantaneous rate of change in revenue at x = 14 is $140,000.
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________ states that nominal interest rates in each country are equal to the required real rate of return plus compensation for expected inflation.
A) Absolute PPP
B) Relative PPP
C) The Law of One Price
D) The Fisher Effect
Answers
D) The Fisher Effect states that nominal interest rates in each country are equal to the required real rate of return plus compensation for expected inflation(D).
The Fisher Effect is an economic theory that states that nominal interest rates in each country are equal to the required real rate of return plus compensation for expected inflation. In other words, nominal interest rates are the sum of the real interest rate and the expected inflation rate.
The Fisher Effect is based on the idea that investors require compensation for the loss of purchasing power that results from inflation. Therefore, if inflation is expected to be high, nominal interest rates will also be high, to ensure that investors receive a sufficient real return on their investments.
The Fisher Effect is a key concept in international finance and helps explain the relationship between interest rates and inflation in different countries.
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In this activity, you will draft your own cover letter You do not need to have a specific person or employer to address the letter right now. After you draft and save a template, you will be able to revise and customize the cover letter to meet your needs in the future. The activity worksheet is a basic template to guide your writing. A rubric is also included on the worksheet to help you review your letter. You might ask your pod leader or another
significant adult in your life to review your cover letter, too.
Answers
A cover letter is a one-page document that you include with your resume or CV when applying for a job. Its objective is to introduce you and provide a brief summary of your professional history. Your cover letter should be between 250 and 400 words long on average.
What exactly is a cover letter?A cover letter typically consists of three paragraphs that explain why you are applying for a particular position, provide a brief summary of your professional history, and highlight your unique qualifications for the position. Some employers require applicants to submit a cover letter, while others make it optional.
In a cover letter, how should one introduce themselves?Yes, your cover letter should introduce you. Include your name, the position you're applying for, and how you found it in your introduction. For instance: I'm Henry Applicant and I'm applying for the open position of Account Manager on LinkedIn.
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Profit is _____.
the difference between business income and business expenses
a main motive for entrepreneurs starting new businesses
often calculated using a pie graph
all of the above
Answers
Answer:
ALL OF THE ABOVE
Explanation:
EDGE 2021 :D
Question 10 of 10
Jake is considered to be a warm, friendly person with a lot of energy. He does
not have many strong technical skills. Which marketing career might be best
for him?
A. Marketing manager
B. Graphic designer
O c. Art director
D. Sales representative
Answers
Answer: Sales Representative
Explanation:
People who are Sales Representatives are normally people that are likable, just as James
Jake is considered to be a warm, friendly person with a lot of energy. He does not have many strong technical skills. The marketing career might be best for him as a Sales representative. The correct option is d.
What is a sales representative?A sales representative interacts directly with customers throughout all phases of the sales process. They’re responsible for identifying a customer’s needs, pitching relevant products or services, and ensuring they have a positive experience from start to finish.
In some cases, a sales agent will cold call prospects they find through business directories or client referrals. Other times, “warm” leads that have already expressed interest will be sent to them by their company’s marketing team. Being successful requires a mix of both building and maintaining customer relationships and consistently seeking new business opportunities.
A sales representative is typically expected to reach a particular sales quota each month.
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Which of the following is true of resources and wants?
Both are unlimited.
Both are limited.
Resources are limited and wants are unlimited.
Resources are unlimited and wants are limited.
Answers
Answer:
the third one.............
Of all the given statements, the statement that is true in the context of resources and wants is “Resources are limited and wants are unlimited.” Hence, Option C is correct.
What are the resources?
A resource is a physical good that people appreciate and need, including air, water, and land. A resource can be classified as renewable or nonrenewable based on whether it can replace itself at the rate it is used up or whether it has a finite supply.
Natural resources, human resources, environmental resources, and many more are examples of various types of resources. In essence, wants are things that members of society aspire to possess. However, the term "resources" refers to the earth's natural resources that can be used by humans.
Thus, if there are lack of the necessary resources, one cannot satisfy wants. Option C is correct.
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Choose the option that best matches the description given.
Providing assistance to people in need through programs is known as ___
services. a mental health b rehab c human
Answers
Answer:
Human services
Explanation:
If you are buying bulk products in a health food store, you can expect to pay based on
A. the package that it comes in.
B. the size of the scoop or ladle in the bin.
C. the weight of the amount that you select.
D. the comparable cost at a neighborhood grocery store.
Answers
hope it helps
1. Read the job description, and use it to answer the following questions.
Technical Trainer
ABC University, Alphabetville, New Jersey
Position Summary: The Technical Trainer will be responsible for training and assisting faculty, staff, and students in successfully putting software and technology to work in teaching, research, learning, and administration. This position requires one to imagine, design, and deliver quality online course materials and activities and to keep those materials current with new technological developments. Additionally, the person in this position is responsible for the development of training materials and the supervision and delivery of various software training for students, faculty, and staff.
Qualifications: Bachelor’s degree is required. Four or more years of software training experience is required. Master’s preferred with emphasis on communication, instructional design, instructional technology, or equivalent, but not required.
Skills and Abilities: Previous experience developing and coordinating a training curriculum is required. Excellent communication skills, both written and oral, and an enthusiasm and empathy for those who struggle to develop technological learning / teaching competencies are required. Experience with commercial software platform training, office productivity software (ex: MS Office), and Windows operating systems is required. Prior experience in instructional design is a plus.
1)What are some verbs you can use to highlight your qualifications for this position? Check all that apply.
Delivered
Typed
Lifted
Taught
Trained
2)Which statement would be the best way to illustrate your excellent communication skills for the job posting?
Purchased and installed new monitors for instructors
Published and presented three papers on best practices for teaching AMEXO software
Installed new servers at three colleges
Answers
1) Some verbs you can use to highlight your qualifications for the Technical Trainer position at ABC University include:
- Delivered
- Taught
- Trained
2) The best statement to illustrate your excellent communication skills for the job posting would be: "Published and presented three papers on best practices for teaching AMEXO software."
What are communication skills?
Communication skills refer to the ability to effectively convey and exchange information, ideas, thoughts, and feelings with others. These skills are crucial in various aspects of life, including personal relationships, professional settings, and educational environments. Strong communication skills enable individuals to express themselves clearly, listen actively, and understand others' perspectives
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When analyzing a preferred stock, an investment adviser would give the most credence to:
A) earnings per share.
B) book value per share.
C) the ability of the company to pay the stated dividend.
D) the company's short-term debt obligations.
Answers
When analyzing a preferred stock, an investment adviser would give the most credence to the ability of the company to pay the stated dividend. Thus, option C is correct.
Any individual or organization that, either directly managing the assets of customers or through written publications, provides investment advice or conducts securities research for a charge is referred to as an investment adviser (sometimes known as a stock broker). Through the Investment Advisers Act of 1940, the specific definition of the word was defined.
An investment advisor is referred to as a Registered Investment Advisor (RIA) if they have enough assets to register with the Securities and Exchange Commission (SEC). Additionally known as "financial advisors," investment advisers can also be spelled "investment advisors" or "financial advisors."
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3
The Gregor family installed a pool in their backyard but refused to put in a fence. While the Gregors were on vacation, a 10-year-old boy jumped
in their pool and was injured. The boy's family will MOST likely sue the Gregors for what?
OA coverage
OB. negligence
OC fraud
OD. consideration
Answers
The Gregor family installed a pool in their backyard but refused to put in a fence. While the Gregors were on vacation, a 10-year-old boy jumped in their pool and was injured. The boy's family will MOST likely sue the Gregors for negligence.
As there is negligence on gregors family part, which can be completely seen as they refused to put fence in their backyard.
Negligence is a failure to exercise ethical ruled care that was expected to be exercised amongst specified circumstances here refused to fence the pool in the backyard.
The area of tort law is known as negligence involves harm caused by failing to act as a form of carelessness possibly with given circumstance.
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According to the Constructor Code of Conduct, which of the following situations is considered PRIMARILY under the
code rather than in the legal system? 1. Engaging in any deceptive practice that creates an
unfair advantage
2. Withholding payment from a vendor without just cause 3. Burying a drum with unknown contents on the site
beneath a water retention pond 4. Paying an inspector to approve marginal or defective
work
Answers
Engaging in any deceptive practice that creates an unfair advantage is considered primarily under the Constructor Code of Conduct rather than in the legal system.
The Constructor Code of Conduct is a set of ethical principles and standards that govern the behavior of construction professionals. Deceptive practices that create an unfair advantage, such as lying about qualifications or experience, misrepresenting project costs or timelines, or engaging in conflicts of interest, violate the code's principles of honesty and integrity.
The other situations listed, such as withholding payment without just cause, burying a drum with unknown contents, and paying an inspector to approve marginal or defective work, may also be addressed by the Constructor Code of Conduct, but they may also have legal implications that fall outside of the code's jurisdiction.
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WILL MARK BRAINLIEST
Etiquette Inc. earns $150,000 as income from services in a particular accounting period. The company's operating expenses for this period are
$35,000. What is the company's net income?
The net income Etiquette Inc. earns is $______.
Answers
Answer:
$115,000
Explanation:
150,000-35,000
To encourage formation of small businesses, the government could provide subsidies; these subsidies a. would be included in GDP because they are part of government purchases.b. would be included in GDP because they are part of investment expenditures. c. would not be included in GDP because they are transfer payments. d. would not be included in GDP because the government raises taxes to pay for them.
Answers
The correct option is c. would not be included in GDP because they are transfer payments.
Explain about the Subsidy?A subsidy is a type of financial help or support provided to the financial sector only with main objective of fostering social and economic advancement.
Little businesses are corporations, partnerships, or other legal entities that have fewer staff members and smaller yearly revenue than a large corporation or partnership. Small enterprises have the advantage of the ability to request government assistance and satisfy all requirements for a certain spending strategy, which varies by nation and industry.The government should offer subsidies to promote the start-up of new businesses; as these subsidies are social programmes, they are not included in the GDP calculation.Thus, the government might offer subsidies to promote the creation of small enterprises; but, because these subsidies are transfer payments, they are not counted towards GDP.
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Given the current status of the U.S. economy—a slow recovery from a severe, pandemic-induced economic downturn, relatively high unemployment, moderate inflation, and an enormous national debt level—what aggregate demand policy would you recommend as the single most important course of action needed to address the current status of the U.S. economy?
Why do you believe that your recommended course of action will be successful in improving the current performance level of the U.S. economy?
Answers
To address the current state of the U.S. economy, implementing expansionary fiscal policy through increased government spending and/or reduced taxes would be recommended. This can stimulate spending, boost aggregate demand, and improve economic performance.
Based on economic principles, during a slow recovery with high unemployment, a recommended aggregate demand policy would be an expansionary fiscal policy. This involves increasing government spending and/or reducing taxes to stimulate consumer and business spending, thus boosting aggregate demand.
Expanding government spending can create job opportunities, leading to increased employment levels. Reducing taxes puts more money in consumers' pockets, encouraging them to spend more, which can further stimulate economic activity. These measures aim to increase overall spending, leading to increased production, job creation, and economic growth.
The effectiveness of expansionary fiscal policy depends on various factors such as the magnitude of the stimulus, timing, and efficiency of spending. It also requires careful management to ensure fiscal sustainability and avoid excessive inflation or further accumulation of the national debt. Implementing such policies alongside measures to address structural issues and promote long-term economic growth can contribute to improving the overall performance of the U.S. economy.
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all but which of the following is an exception to the parol evidence rule? multiple choice contracts that contains obvious typographical errors contracts involving the transfer of an interest in land incomplete contracts contracts that have been subsequently modified
Answers
Contracts transferring other interests in land are outside the statute of frauds is an exception to the Parole evidence rule.
What are contracts, and are there any more types?A contract can be among other things unilateral, bilateral, conditional, voidable, express, implicit, executed, or executory. It can be generally categorized based on quasi-contract.
What is the purpose of a contract?A contract is a legally binding arrangement between two or more parties. Each party agrees to uphold the rights and obligations set forth in this agreement after it is signed. In essence, a promise forms the foundation of any contract.
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