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Posted: April 13th, 2023

BUSINESS 101 Consideration is âsome right, interest, profit or benefit accruing to one party, or some forbearance

Consideration is âsome right, interest, profit or benefit accruing to one party, or some forbearance,detriment, loss or responsibility given, suffered or undertaken by the otherâ. Using this definition look at thefollowing examples of problems and say if there is a valid consideration and therefore a good contract, andif there is not then explain why.a) John bought a horse from Harry for Â£100. After the contract was formed Harry told John that thehorse was very placid and good tempered. In fact the horse was bad tempered and vicious. Johnwishes to sue Harry for breach of implied warranty.b) This problem happened two hundred years ago where a man had killed another man and was inprison under sentence of death. He asked his friend to try to find the King and get a Kingâs Pardon.His friend travelled all over the country until he eventually found the King and got a pardon which hethen took to the prison where his friend was released. The man then promised to pay his friend Â£100for his trouble. He later changed his mind and refused to pay. He was sued by his friend for breachof contract. Does he have to pay?c) X made a contract with Y for X to supply and lay a large roll of carpet at the premises of Y. Thecarpet was delivered to Y's premises but was stolen before it could be laid. X is suing Y for theprice of the carpet on the grounds that it had been delivered as agreed. Whatwill be the result?

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Missouri State-FIN 381-You retire today with $850,000 in savings for retirement.

You retire today with $850,000 in savings for retirement. Your investment rate of return = 6%, and yourexpected inflation rate = 3.5%. If you expect to live 20 years in retirement, how much REAL payment can you withdraw each year?A.$52,815B.$54,091C.$53,195D.$54,525
What is the special name for the standard deviation of

Name: ______________________________________________Points you missed on the test (out of 22)_______Signature of Learning Assistant or Instructor:Instructions: If you missed 5 points (not five questions!) or fewer, you need only answer the questions you missedand complete problem 11 (which was originally extra credit). If you missed more than 5 points, you should re-do theentire test. You will receive 5 points for corrections which will be added to your test scores after the...
It must be completed in its entirety (all 5 cases) to receive credit

This is an extra credit assignment. It must be completed in its entirety (all 5 cases) to receive credit. If any questions are left unanswered, zero points will be awarded for the whole assignment. Partial credit willnot be given. This is an “all or nothing” exercise.

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