Use the Information for the Question(s)below

question 50

Essay

Use the information for the question(s)below.
Your firm needs to invest in a new delivery truck.The life expectancy of the delivery truck is five years.You can purchase a new delivery truck for an upfront cost of $200,000,or you can lease a truck from the manufacturer for five years for a monthly lease payment of $4000 (paid at the end of each month).Your firm can borrow at 6% APR with quarterly compounding.
-Should you purchase the delivery truck or lease it? Why?

Understand the different types of contractual agreements, including bilateral and unilateral contracts.

Recognize the function and impact of the Uniform Electronic Commerce Act (UECA) on electronic transactions.

Comprehend the fundamentals of offer, acceptance, and consideration in contract formation.

Identify the conditions under which an electronic agreement becomes a binding contract.