subject
Business, 05.04.2021 23:40 zyreahunt9282

Sam, a shopkeeper, dies unexpectedly at the age of 46. His lifelong business associate, Paul, is appointed the administrator of the estate. Sam had a personal debt of $8,000 which he owed to Art's Appliance Store. Paul said to Art, "If there isn't enough money in the estate, I'll personally see that the bill is paid." Which of the following is true regarding the statute of frauds? Group of answer choices An oral statement such as this is not enforceable because it is outside the statute of frauds. The An oral statement such as this is not enforceable because it is within the statute of frauds and should be written. The oral statement is enforceable because it is a collateral promise. The oral agreement is enforceable because Paul is the administrator.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:30
Unrecorded depreciation on the trucks at the end of the year is $40,000. the total amount of accrued interest expense at year-end is $6,000. the cost of unused office supplies still available at year-end is $2,000. 1. use the above information about the company’s adjustments to complete a 10-column work sheet. 2a. prepare the year-end closing entries for dylan delivery company as of december 31, 2017. 2b. determine the capital amount to be reported on the december 31, 2017 balance sheet.
Answers: 1
question
Business, 22.06.2019 00:50
At a roundabout, you must yield to a. already in the roundaboutb. entering the roundaboutc. only if their turn signal is ond. only if they honk at you
Answers: 1
question
Business, 22.06.2019 03:00
Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.
Answers: 2
question
Business, 22.06.2019 12:30
Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes
Answers: 2
You know the right answer?
Sam, a shopkeeper, dies unexpectedly at the age of 46. His lifelong business associate, Paul, is app...
Questions
question
Chemistry, 17.11.2020 06:50
question
Mathematics, 17.11.2020 06:50
question
Arts, 17.11.2020 06:50
question
Mathematics, 17.11.2020 06:50
Questions on the website: 13722367