Let Y CRL be the production set for a firm, and denote the solution to the firm's profit maximization problem as (p), where p = R¹ is the price vector for the L goods. Carefully define what it means to say that Y exhibits non-decreasing returns to scale, then show that if Y has this property, then (p) ≤0 or (p) = [infinity] for any p.
Answers
Definition: "More than 100" If a quantity is more than 100, it means that it exceeds 100.Let Y CRL be the production set for a firm, and denote the solution to the firm's profit maximization problem as (p), where p = R¹ is the price vector for the L goods.
Carefully define what it means to say that Y exhibits non-decreasing returns to scale, then show that if Y has this property, then (p) ≤0 or (p) = [infinity] for any p. The property of the production set Y CRL to show an increase in output for each increase in input is referred to as the property of non-decreasing returns to scale. Suppose the increase in input factors is λ > 0. When the output increases by a proportional λ, the production process is said to have non-decreasing returns to scale. It is the condition for λ > 1 that Y shows increasing returns to scale.
The graph of Y CRL can be seen as follows: Figure 1: The graph of Y CRL(Source: Mathematical Methods and Models for Economists by Angel de la Fuente) The graph shows that there are increasing returns to scale when output more than doubles if the inputs are doubled. For λ > 1, the graph of Y CRL shows a straight line that passes through the origin. The profit maximization condition for any p is given by:(p) = max [pf(y) - C(y)] where C(y) is the cost function and f(y) is the production function for y ∈ Y The production set Y CRL shows that if the production function has the property of non-decreasing returns to scale.
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Related Questions
if a food server worker follows directions, how long does it take to wash his/her hands
Answers
Answer:
A food server worker should wash his/her hands for 20 sec or longer.
Hopefully this helped :)
A treaty that can be signed between two or more countries to lower tariffs and improve the import and export of goods is a free trade.
a. True
b. False
Answers
A treaty that can be signed between two or more countries to lower tariffs and improve the import and export of goods is a free trade is True (because a treaty that can be signed between two or more countries to lower tariffs and improve the import and export of goods is a free trade).
Free trade is the idea of allowing goods and services to be traded across borders without restrictions such as tariffs, quotas, or other barriers. It is designed to increase the flow of goods and services between countries while decreasing costs and increasing efficiency.
Free trade agreements are a way for countries to enter into agreements that reduce tariffs and other barriers to trade. These agreements are often negotiated between countries that have similar economic systems and policies, and they can help to promote economic growth and development in those countries.
By reducing tariffs and other barriers to trade, free trade agreements can help to increase the flow of goods and services between countries, leading to increased economic growth and development.
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Prepare the bank section, then the book section of the bank reconciliation to determine how much cash Kensington actually has at October 31. (include the balances at october 31 in each of the addition subtotal calculations) Help Harry Kensington operates a roller skating center, Whirl Around USA He has just received the company's monthly bank statement at October 31 from Whittier National Bank, and the statement shows an ending balance of $720. Listed on the statement are an EFT rent collection of $290, a service charge of $7, two NSF checks totaling $115, and an $8 charge for printed checks. In reviewing his cash records, Kensington identiies outstanding checks totaling $612 and an October 31 deposit in transit of $1,805, During October, he recorded a $250 check for the salary of a part-time employee as $25. Kensington's Cash account shows an October 31 cash balance of $1,978. Read the requirement uupoaww Subtotal
Answers
Kensington actually has $1,913 in cash at October 31.
Bank section:
Ending balance per bank statement: $720
Add: Deposit in transit: $1,805
Total: $2,525
Less: Outstanding checks: $612
Adjusted balance per bank: $1,913
Book section:
Ending balance per books: $1,978
Add: EFT rent collection: $290
Total: $2,268
Less: Service charge: $7
Less: NSF checks: $115
Less: Incorrectly recorded salary: $225
Less: Charge for printed checks: $8
Adjusted balance per books: $1,913
Final reconciliation:
Adjusted bank balance: $1,913
Adjusted book balance: $1,913
Therefore, at October 31 Kensington actually has $1,913 in cash.
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Is every alternative choice making can be counted upon as decision making?
Answers
.
The answer of this question is No...
Your pay rate is $18 per hour and you have worked 50 hours for the first week of the pay period and 50 hours for the second week of the pay period. Reminder: Your regular work hours is 40 hours for the week and you get paid bi-weekly and time and a half is paid for overtime hours. Calculate your gross pay.
Answers
Answer:
$1,260
Explanation:
$18 is the rate of pay for 40 hrs/week
$27 is the rate of pay for the extra 10 hrs/week (18 + 9)
A total of 100 hours for the pay period, 80 of those are 18/hr, 20 are 27/hr
40(18) + 20(27) = 720 + 540 = 1260
Please let me know if you have any questions.
true or false?
individuaIs in an organization are expected to primariIy work on their own personaI goals.
Answers
Answer:
TRUE ⁱ ᵍᵘᵉˢˢ
Explanation:
They include specific, day-to-day operational tasks needed to run a business and that help drive scalability and business growth. Key organizational goals can also include employee and management performance, productivity, profitability, innovation, market share and social responsibility goals.
You sell friendship bracelets. You have an agreement with your best friend, Georgina, who is a great artist in photography, that she will photograph all her subjects wearing your friendship bracelets. You have agreed that you will get 25 percent of the proceeds from the sale of photographs and she will get 25 percent of the sale proceeds from your bracelets. You didn't register your partnership before, so your original rights are not protected.
False
True
Answers
Answer:
true
Explanation:
a police officer invested $7,000 in a treasury bond paying 5.38% interest compounded quarterly. after 25 years, the value of the bond will be $26,627.52. if the police officer's investment was compounded continuously instead of four times per year, what would be the difference in the account balances after 25 years? $159.14 $233.49 $239.79 $374.46
Answers
In this scenario, the police officer invested $7,000 in a treasury bond paying 5.38% interest compounded quarterly. After 25 years, the bond will be worth $26,627.52. However, if the investment had been compounded continuously instead of four times per year, the account balance after 25 years would be higher.
To find out the difference in account balances, we need to use the continuous compounding formula: A = Pe^(rt), where A is the ending amount, P is the principal, e is Euler's number (approximately equal to 2.718), r is the annual interest rate, and t is the time in years.
Using this formula with the given information, we get:
A = 7000e^(0.0538*25) = $26,991.98
So the difference in account balances between quarterly compounding and continuous compounding is:
$26,991.98 - $26,627.52 = $364.46
Therefore, the answer is $374.46, which is the closest option to the calculated difference.
1. Calculate the value of the bond after 25 years with continuous compounding using the formula: A = P * e^(rt), where A is the final amount, P is the principal, e is the base of the natural logarithm (approximately 2.71828), r is the interest rate, and t is the time in years.
2. Plug in the given values: A = $7,000 * e^(0.0538 * 25).
3. Calculate the value: A ≈ $26,867.31.
4. Determine the difference between the two account balances: $26,867.31 - $26,627.52 = $239.79.
So, the difference in the account balances after 25 years if the investment was compounded continuously instead of quarterly would be $239.79.
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why does saturn have the coldest surface temp?
Answers
Answer:
distance from the Sun
Explanation:
because of Saturn's tilt, the southern and northern hemispheres are heated differently, causing seasonal temperature variation.
Businesses that have a central management that determines policies, advertising, and pricing for all stores
Answers
A franchise business's central management sets all stores' policies, promotions, and prices.
A franchisee (an independent business owner) is given permission by the franchisor (the parent company), in exchange for a fee or royalty, to use their brand name, goods, and services. Franchising is a common business model. The central management team of a franchisor is frequently responsible for setting policies, developing marketing strategies, and establishing price standards for the franchise system. This enables uniformity across all franchise sites and aids in preserving the reputation and uniqueness of the business. Franchisees continue to run their businesses as independent entrepreneurs while still receiving the support and direction of the franchisor.
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While it is important for international marketers to appreciate cultural differences, it is also important for them to.
Answers
Understand the origin of the differences
While understanding the origins of cultural differences is essential for international marketers, it is also meaningful for them to appreciate them.
Examining a country's culture demonstrates respect. It also encourages clear communication, which is essential for business success. It should not be difficult to develop an admiration for another culture.
Every culture has a central theme. Trust and resilience, for example, may be perceived differently in different countries. In some cases, these themes can lead to disparities in business deals and negotiations.
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kobe company has manufactured 200 partially finished cabinets at a cost of $122,000. these can be sold as is for $146,400. instead, the cabinets can be stained and fitted with hardware to make finished cabinets. further processing costs would be $29,500, and the finished cabinets could be sold for $195,200. if kobe company processes the cabinets further, incremental income is:
Answers
Kobe Company would earn an additional $16,000 if the cabinets were processed further.
Incremental income: What is it?The increased gain that Kobe Company receives from further processing the partially produced cabinets is represented by the incremental income.
Briefing
Cost of 200 partially finished cabinets = $100,000
Sales revenue from the partially finished cabinets = $120,000
Income without further processing = $20,000 ($120,000 - $100,000)
Cost of further processing = $24,000
Sales revenue from further processing = $160,000
Total income after further processing = $36,000 ($160,000 - $100,000 - $24,000)
Incremental income = $16,000 ($36,000 - $20,000)
Thus, if Kobe Company processes the cabinets further, incremental income is $16,000.
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HELP
Question
Q. To properly manage your checking account you should do which of the following?
A.Update your transaction register regularly to include all checks, ATM withdrawals, and debit card purchases.
B.Balance your checkbook daily using the most current information about your account by phone, ATM, or online.
C.Promptly review your checking account statement every month.
D.All of the above
Answers
Calculate the GDP using the table and choose the correct answer.
A) $602
B) $584
C) 298
Answers
Which of the following statements is not accurate as concerns the task of identifying the strategic issues and problems that management needs to address and try to resolve in deciding what upcoming strategic actions to take? Identifying the strategic issues and problems that the company faces is the first thing that company managers need to do before starting to analyze the company's external environment, resources, capabilities, and overall competitiveness. A strategy is neither complete nor well matched to the company's situation unless it contains A actions and initiatives to address each issue or problem on the "worry list." Only after managers have first done serious strategic thinking about the items on the worry list are they truly prepared to pick and choose among the alternative strategic actions and initiatives in fashioning an overall strategy that suits the company's situation. The purpose of compiling a worry list is to create an agenda of items that merit top-priority managerial consideration before attempting to craft a strategy well-suited to the company's overall situation--this is because the items on the worry list are most definitely a relevant and important part of the company's situation. Compiling a "worry list" involves drawing heavily on the results of the analysis of both the company's external and internal environments.
Answers
The inaccurate statement concerning strategy issues is (A) before examining the firm's external environment, resources, capabilities, and overall competitiveness, corporate management must first identify the strategic issues and problems the company faces.
What do we mean by strategic issues?The key policy decisions or significant difficulties that must be resolved for a community to realize its vision are known as strategic issues.
A community takes a proactive approach to establish itself for the future rather than merely responding to issues when it addresses "strategic" challenges.
Strategic Issues Management examines the strategic planning options that organizations can use to address important public policy issues, participate in group decision-making, organize their internal affairs, play both a strong defensive and offensive role, and keep track of opinion shifts that have an impact on public policy.
Therefore, the inaccurate statement concerning strategy issues is (A) before examining the firm's external environment, resources, capabilities, and overall competitiveness, corporate management must first identify the strategic issues and problems the company faces.
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Correct question:
Which of the following statements is not accurate as concerns the task of identifying the strategic issues and problems that management needs to address and try to resolve in deciding what upcoming strategic actions to take?
(A) Identifying the strategic issues and problems that the company faces is the first thing that company managers need to do before starting to analyze the company's external environment, resources, capabilities, and overall competitiveness.
(B) A strategy is neither complete nor well matched to the company's situation unless it contains actions and initiatives to address each issue or problem on the "worry list."
(C) Only after managers have first done serious strategic thinking about the items on the worry list are they truly prepared to pick and choose among the alternative strategic actions and initiatives in fashioning an overall strategy that suits the company's situation.
(D) The purpose of compiling a worry list is to create an agenda of items that merit top-priority managerial consideration before attempting to craft a strategy well-suited to the company's overall situation--this is because the items on the worry list are most definitely a relevant and important part of the company's situation.
(E) Compiling a "worry list" involves drawing heavily on the results of the analysis of both the company's external and internal environments.
Jaiden is in 6th grade and plans to attend college. He has created a college preparation plan. 1. He will fill out the FAFSA form and send it in immediately. 2. He will ask his parents if they have a college savings account. 3. When he gets to high school, he will start trying harder in school so he can qualify for academic scholarships. 4. During his last year of high school, he will get involved in sports and clubs he enjoys to qualify for scholarships. 5. Upon graduation, he will start saving money for college. Which statements identify errors in Jaiden’s plan? Check all that apply. He should wait until his last year in high school to fill out the FAFSA. He should start saving right away. It is never too early to start a savings account. He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break. He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them. While in high school, he should quit all extracurricular activities so he can work more hours and save money. He should ask all his friends and neighbors to contribute to his college fund so it will grow faster.
Answers
Answer:
-He should wait until his last year in high school to fill out the FAFSA.
-He should start saving right away. It is never too early to start a savings account.
-He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break.
-He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them.
Explanation:
Answer:
1
4
5
I did the test and pretty sure i got it correct
When Chin Lee sells the jewelry she makes at craft fairs or on her personal website, she is utilizing a(n) ________ marketing channel.
Answers
Based on the information given about Chin Lee , she is utilizing a(n) direct marketing channel.
Direct marketing channel occur when the manufacturer or producer of goods and service sell directly to their customers.
When the goods produce move directly from the manufacturer to the buyer which means the producer is engaging in what is called direct marketing channel.
Chin lee is utilizing a(n) direct marketing channel due of the following:
She advertised the goods directly to her customers using her website.She is selling the goods she produced directly to interested buyers.Inconclusion she is utilizing a(n) direct marketing channel.
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without this type of question, exploration is never started _____.
Answers
Without this type of question, exploration is never started: "What if...?" . "What if...?" is a type of question that is critical for exploration and innovation.
This type of question allows individuals and organizations to consider new ideas, possibilities, and alternatives. It prompts them to think outside of the box and explore new paths that may lead to better outcomes and solutions.
For example, a company might ask "What if we try this new marketing approach?" or "What if we develop a new product line?" These questions encourage the company to consider new and innovative ways of doing things and to take calculated risks that could lead to significant growth and success.
In short, "What if...?" questions are the starting point for exploration and innovation. They open the door to new ideas, possibilities, and alternatives and help individuals and organizations to move beyond the status quo and find new and better ways of doing things.
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while in the course of employment with marco, inc., payne was injured. marco has complied with the state's mandatory workers' compensation statute. marco's workers' compensation carrier has asserted the following defenses to payne's claim for workers' compensation benefits: i. marco was free from any wrongdoing. ii. payne assumed the risk by disregarding marco's safety procedures. iii. payne's injury was intentionally self-inflicted. which defense(s) asserted by the workers' compensation carrier, if proven, will prevent payne from recovering? a. i only b. ii only c. i and ii d. iii only
Answers
Defense (iii) only will prevent Payne from recovering if proven in the workers' compensation claim.
Payne is claiming for workers' compensation benefits after being injured while employed by Marco, Inc. Marco has complied with the state's mandatory workers' compensation statute, but its carrier has asserted three defenses to Payne's claim.
Defense (i) states that Marco was free from any wrongdoing, defense (ii) claims that Payne assumed the risk by disregarding safety procedures, and defense (iii) suggests that Payne intentionally self-inflicted his injury.
If the third defense is proven, Payne will not be able to recover any compensation benefits.
However, defenses (i) and (ii) may not necessarily prevent Payne from recovering, depending on the evidence presented in the case.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) 50 b) $865.94 C) $991.36 d) $1156.36
Answers
Option(A) is the correct answer. Krishna will receive a disability benefit of $660 under the CPP.
To determine the disability benefit that Krishna will receive under the CPP, we need to consider a few factors. First, let's calculate the disability benefit based on the provided information:
The flat-rate disability amount is $496.36 per month.
The maximum monthly disability benefit is $1362.30.
Krishna's entitlement to a CPP retirement benefit is $660 per month.
To calculate the disability benefit, we compare the retirement benefit to the flat-rate disability amount and the maximum monthly disability benefit:
The disability benefit will be the lesser of:
The retirement benefit ($660)The flat-rate disability amount ($496.36) plus the retirement benefit minus the flat-rate disability amount.Let's calculate the disability benefit based on the above formula:
Disability benefit = min(retirement benefit, flat-rate disability amount + retirement benefit - flat-rate disability amount)
= min($660, $496.36 + $660 - $496.36)
= min($660, $660)
= $660
Therefore, Krishna will receive a disability benefit of $660 under the CPP.
Option (a) 50, option (b) $865.94, option (c) $991.36, and option (d) $1156.36 are not correct based on the given information. The correct answer is that Krishna will receive a disability benefit of $660 under the CPP.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) $660 b) $865.94 C) $991.36 d) $1156.36
Erin is a volunteer for the Red Cross and must go door-to-door seeking donations. Her strategy is to ask whoever answers the door for a donation of $50 right off the bat. If they agree, then she follows up with a second request for a $200 donation. She has found that this works better than simply asking for a $200 right away. Which formula sales presentation format does this demonstrate
Answers
Answer:
foot-in-the-door
Explanation:
Foot-in-the-door can be described as a method that people use to get another person to agree to their big request by first having them agree to a smaller one. The way this tactic works is the person making the request would first try to have a connection with the one that is to grant the request.
We can see Erin employ this tactic here. First she wants to ask for a smaller donation of 50 dollars, and when she gets her 50 dollar request, her next move would be to ask for a bigger donation. This technique is is used a lot to get people to be compliant with requests.
tahnk you !
Ian ride bike competitive he practice hi trick 5. 8 hour a week how many week doe he pend practicing hi trick in a 4. 5 week period
Answers
If Ian spends 5.8 hours per week practicing his bike tricks, he will spend 5.8 * 4.5 = 26.1 hours practicing during a 4.5-week period.
In the given scenario, Ian spends 5.8 hours per week practicing his bike tricks. If we multiply that amount of time by the number of weeks in the 4.5-week period, we can determine the total amount of time Ian will spend practicing during that period.
To do this calculation, we simply multiply the hours per week by the number of weeks: 5.8 hours per week * 4.5 weeks = 26.1 hours.
So Ian will spend 26.1 hours practicing during the 4.5-week period.
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Should the organization use the cash accounting method or the accrual accounting method? Why?
Answers
Answer:accounting method
Explanation:it is much more accurate
Perry adventures last annual dividend was $. 70 a share. The firm will increase the dividend by 5 percent for the next 4 years and thereafter increase the dividend by 3 percent annually. What is this stock worth today if the required return is 10 percent
Answers
This stock is worth today if the required return is 10 percent is $11.05.
Solution:
Given that Annual dividend, D0 = $0.70, Growth rate for 4 years, g1 = g2 = g3 = g4 = 5%, growth rate , g = 3% and required return, k = 10%
Expected dividend, D1 = D0 (1 + g1) = 0.70(1.05) = $0.735
D2 = D1 (1 + g2) = $0.735 (1.05) = $0.772
D3 = D2 (1 + g3) = $0.772 (1.05) = $0.810
D4 = D3 (1 + g4) = $0.810 (1.05) = $0.851
D5 = D4 (1 + g) = $0.851 (1.03) = $0.876
P4 = D5/(k - g)
P4 = $0.876/(0.10 - 0.03) = $12.52
The price of the stock would be
P0 = $0.735/1.10 + $0.772/1.10^2 + $0.810/1.10^3 + $0.851/1.10^4 + $12.52/1.10^4
P0 = $11.05.
Expected returns are calculated by multiplying the potential outcomes by the probability of each outcome occurring and then calculating the sum of those outcomes. A required rate of return is the minimum rate of return an investor can seek or obtain by taking the risk of investing in a stock or other type of security.
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discuss THREE contributing factors that led to xenophobia
Answers
Answer: Unemployment, poverty, lack of conflict resolution
Explanation:
Xenophobia is a dislike that citizens of a country show to immigrants who settled in the same country. The following are three causes of xenophobia
1) Unemployment; this happens when the citizens of the country don't have the best of jobs compared to the immigrants, this may be due to how well qualified the immigrants are over them. In some cases, this immigrants study further, get more papers to get better jobs, while the some citizens may not want that.
2) Poverty; poverty is a general problem through the world. This could lead to xenophobia, especially when the citizens realize the immigrants have a better life than them.
3) lack of conflict resolution; the government should be able to resolve the slightest form of conflicts among this two parties(citizens and immigrants) because when they are not resolved from the minor issue they are, they escalate to xenophobia.
Select the scenario that best demonstrates the entrepreneurial mindset of taking initiative and
being self-reliant
A. Jon starts a café in his town. He observes that due to a drop in the economy, his café is not doing as well as expected. He hopes his business will pick up again once the economy is strong again.
B. Linda is developing a music app. However, she gets stuck many times while
writing the code. She considers giving up on her app and working under an
experienced person to develop apps.
C. Samantha works as a nail artist. To keep up with the competition and customer
demands, she expands her skill set with new techniques and designs in the market.
D. Steve works as a pizza delivery boy, but wants to start his own pizza parlor. It
will be difficult to make time to implement his business plan, so he is going to wait
for a better time to start his business.
Answers
Answer:
c.Samantha works as a nail artist. To keep up with the competition and customer
demands, she expands her skill set with new techniques and designs in the market.
Explanation:
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if the financial statements are not materially misstated for a nonpublic company, the auditor should give a(an) group of answer choices qualified opinion. unmodified opinion. modified opinion. adverse opinion.
Answers
If the financial statements of a nonpublic company are not materially misstated, the auditor should give an unmodified opinion.
An unmodified opinion means that the financial statements are presented fairly in all material respects and are in accordance with the applicable financial reporting framework. This opinion provides users of the financial statements with reasonable assurance that the financial statements are reliable and can be used to make informed decisions. However, if the auditor identifies some issues or limitations in the audit process that affect the reliability of the financial statements, they may issue a modified opinion.
A qualified opinion may be given when the auditor is unable to obtain sufficient evidence to support a specific area in the financial statements, while an adverse opinion may be given when the financial statements are materially misstated and not presented fairly in accordance with the financial reporting framework.
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Discuss the four dissimilaries between oligopoly and monopolistic market structure
Answers
The main dissimilarities between oligopoly and monopolistic market structures lie in the number of firms, product differentiation, market power distribution, and entry barriers.
Number of Firms: In an oligopoly, there are only a few dominant firms that control the majority of the market. These firms compete against each other, and their actions can have a significant impact on market conditions. On the other hand, monopolistic markets consist of a single firm that dominates the industry and faces limited competition.
Product Differentiation: Oligopolies often involve firms offering similar or differentiated products. Product differentiation can be achieved through branding, advertising, or unique features. In contrast, monopolistic markets feature firms offering differentiated products that are distinct from their competitors, giving them some degree of market power.
Market Power: While both oligopolies and monopolistic markets possess market power, the extent differs. In an oligopoly, firms have substantial market power due to their dominant positions, and their actions can influence prices and output levels. In a monopolistic market, the single firm enjoys significant market power, allowing it to exert greater control over prices and market conditions.
Entry Barriers: Oligopolies often exhibit high barriers to entry, such as significant capital requirements or economies of scale, making it challenging for new firms to enter and compete effectively. Monopolistic markets also tend to have entry barriers, but they are typically even higher, as the dominant firm enjoys a monopoly on the product or service, preventing other firms from entering the market and capturing market share.
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Who wants branliest???!!!
Answers
Answer:
Sure...
Explanation:
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an agreement made with an intention to defraud creditors or other persons is referred to as a(n)
Answers
An agreement made with an intention to defraud creditors or other persons is referred to as a agreement against public policy.
A contract is an agreement that is legally enforceable; (i) a voidable contract is an agreement that is legally enforceable at the option of one or more parties but not at the option of the other or others; and (j) a contract that ceases to be legally enforceable by law becomes void when it ceases to be enforceable.
Such agreements are void contracts (sometimes known as "void agreements") since they are either unlawful in nature or go against fairness or public policy. Agreements employ nominal concerns while attempting to pass off superfluous pledges as genuine transactions. Unless they determine that the specified consideration was genuinely bartered for, courts typically decline to uphold such agreements.
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