Assume that Carol Rogers (a local millionaire) pledges to donate $500,000 to the Springfield Humane Society, which the society plans to use to build a new animal hospital. Based on Carol's promise, the society begins work on the hospital. Carol, however, reneges on her offer. In this case:
a. Carol may be sued for the money based on promissory estoppel.
b. Carol has clearly violated a firm contract.
c. Nothing can be done. Carol's donation was a gift.
d. Carol will suffer from a bad conscience, but not from any lawsuit.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Assume that Carol Rogers (a local millionaire) pledges to donate $500,000 to the Springfield Humane Society, which the society plans to use ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Santa Fe Retailing purchased merchandise "as is" (with no returns) from Mesa Wholesalers with credit terms of 3/10, n/60 and an invoice price of $24,900. The merchandise had cost Mesa $16,982.
Answers (1)
The writing for a proposal should? A. Follow the plan for good news B. be as vague as possible C. Follow the AIDA plan D. Avoid the "you" pattern
Answers (2)
Question Number 13 For your sports equipment store, you purchase a case containing 24 canisters of tennis balls for $60. You in turn charge $4 for each canister. How much is the price of each case of tennis balls marked up?
Answers (1)
Jerome is training to be a vacuum cleaner sales person. initially, he got paid for each customer he called on, even if the customer did not ask for a demonstration. currently, he only gets paid for actually demonstrating the product.
Answers (1)
Herring Corporation has operating income of $270,000 and a 40% tax rate. The firm has short-term debt of $119,000, long-term debt of $316,000, and common equity of $435,000. What is its return on invested capital
Answers (2)
New Questions in Business
Marigold Industries incurs unit costs of $8 ($5 variable and $3 fixed) in making an assembly part for its finished product. A supplier offers to make 10,300 of the assembly part at $6 per unit.
Answers (1)
A firm producing good y recently increased monthly production from 1,500 units to 2,000 units. this had no impact on the market price of good y. at the new production level of 2,000 units, the firm's average cost is $3.
Answers (1)
A master plan is devised for a. emergencies. b. long-range goals. c. investments. d. short-term goals
Answers (1)
Adama Company reported a net loss of $6,000 for the year ended December 31, 2014. During the year, accounts receivable increased $15,000, merchandise inventory decreased $12,000, accounts payable decreased by $20,000, and depreciation expense of
Answers (1)
2. Which of the following headlines is more closely related to what microeconomists study than to what macroeconomists study? a. Unemployment rate falls from 7.5 percent to 7.3 percent. b. Real GDP falls by 0.4 percent in the third quarter. c.
Answers (1)