Business, 17.04.2021 17:50 jamarian101
Cagney and Lacey enter into a written contract to open "Tried and True," a store specializing in used guns recovered from murder scenes. The written contract is a 2-paragraph handwritten document, and states that each party will receive 50% of any net profits and that each will devote 30 hours a week to the business. Both parties regard the writing as a final expression of their deal. After being in business for a evide while, Cagney sues Lacey for breach because Lacey is only working 20 hours per week during the summer months. Lacy attempts to present on vacation from school. Will Lacey be able to present this evidence at trial?
1. No, under the parole evidence rule that shows just prior to signing the contract, Cagney orally agreed that Lacey could work 20 hours a week when her children were
2. Yes, under the parole evidence rule
3. No, due to unilateral mistake
4. Yes, under the statute of frauds
Answers: 2
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Rebel technology maintains its records using cash-basis accounting. during the year, the company received cash from customers, $43,000, and paid cash for salaries, $23,500. at the beginning of the year, customers owe rebel $1,000. by the end of the year, customers owe $6,600. at the beginning of the year, rebel owes salaries of $5,600. at the end of the year, rebel owes salaries of $3,300. determine cash-basis net income and accrual-basis net income for the year.
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Cagney and Lacey enter into a written contract to open "Tried and True," a store specializing in use...
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