30. Describe the one-year rule. Explain why the following scenario does not satisfy this rule and therefore

4 answers
Question:

30. Describe the one-year rule. Explain why the following scenario does not satisfy this rule and therefore must be in writing: Mary is employed by a local college, whereby Mary and the college agree to one academic year of teaching beginning August 31, 2020, and ending May 20, 2021. They verbally agree to these terms on April 3, 2020. •
31. Describe the rule on collateral promises. Explain why the following promise by Hank must be in writing to be enforceable: Hank and his mom Cathy enter a bank together. Cathy wants a $10,000 loan from the bank. She is willing to sign the written document regarding the loan’s terms, but the bank officer is hesitant. Hank states “do not worry, if my mom cannot pay the loan, I will pay it.” The written agreement between the bank and Cathy is signed; Cathy defaults on her loan 3 months later, and the bank goes after Hank for payment.

32. Describe why, under the Uniform Commercial Code (UCC), the following scenario must be in writing to be enforceable: James and Teesha agree that James will delivery $1,000 worth of toys to Teesha’s toy shop by October 1, 2020, and Teesha agrees to pay $1,000 by November 1, 2020.

Answers

The federal reserve took an expansionary approach during the crisis. this was done by expanding the money supply and boosting liquidity. this can be seen in the fed's actions of lending to banks, purchasing securities, and lowering the federal funds rate in order to lower overall interest rates. the fed's goal was to increase consumer spending and overall liquidity within the system, and they pursued this by expanding the supply of liquid money.

Z-gadgets has developed a mini-laptop that will be marketed in developing countries. it is estimated that the requirement for the new product will start out slow and accelerate as the product becomes increasingly familiar to worldwide consumers. to begin to staff the new production facilities, the company should conduct a(n):   demand forecast

answer; /// egg production using the factory technique falls less than with the free range technique;

-the personal ownership of property

-the influence of consumer demand

explanation:

the command economy prohibits the personal ownership of property.

basically, command economy is defined as the system where a nation’s government is the one that makes all the decisions when it comes to its economy. the government is the one who controls the production of goods and services and regulates the prices and salaries.

therefore, since that the government is the authority, then all kinds of personal ownership of property is prohibited by them.

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