Production Estimates for August Are as Follows

question 87

Multiple Choice

Production estimates for August are as follows:

• A)$1,260,000 for A; $630,000 for B.
• B)$1,080,000 for A; $540,000 for B.
• C)$1,125,000 for A; $562,500 for B.
• D)$1,170,000 for A; $585,000 for B.

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Definitions:

Implied Contracts

Agreements that are not written or spoken but are understood by the actions or behaviors of the parties involved.

Express Contracts

Contracts in which the terms and conditions are explicitly stated, either orally or in writing, between the parties involved.

Executory

In legal contexts, referring to contracts or obligations that are yet to be fully performed or completed by one or more parties.

Implied-In-Law

A term or condition not expressly stated but assumed to exist due to the nature of the transaction or the parties’ relationship, as recognized by law.