Nero is an elderly man who lives with his nephew Mervyn. Nero is dependent on Mervyn for support. Mervyn advises Nero to "invest" in Mervyn's "professional gambling" venture, or Mervyn will no longer support him. Nero liquidates his other investments and signs a contract with Mervyn, to whom Nero gives the funds. Can Nero set aside this contract?

Answers

Answer 1

Explanation:

This is :

This situation describes undue influence, which arises from a relationship in which one party can, through unfair persuasion, influence or overcome the free will of another. Other examples of such relationships include business partners, attorney-client, and doctor-patient. A contract entered into under undue influence lacks voluntary consent and is voidable. In this question, the influence of Evan over Nero is buttressed by Nero’s reliance on Mervyn for support. Nero does not have a claim for duress, but Mervyn’s influence over Nero’s investment decision is an exercise of undue influence. The contract is primarily for the benefit of Mervyn, and Mervyn used unfair persuasion in securing Nero’s funds. Nero can avoid the contract.

Answer 2

Based on the information given in the question, Nero should avoid the contract.

This situation that's described in the question is an undue influence which occurs when an individual persuades another party to agree to a particular thing.

In this case, Mervyn threatens Nero by saying that he won't support him anymore if he doesn't invest in the gambling.

It should be noted that such contract is voidable as it was based on undue influence. Therefore, in this case, the contract can be avoided by Nero.

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Related Questions

Inflationary pressure in the AS-AD model can be shown as a
Demand shock that shifts the AD to the left.
rise in input prices affecting most firms across the economy shifting AS curve to the right.
rise in input prices affecting most firms across the economy shifting AS curve to the left.

Answers

Answer: rise in input prices affecting most firms across the economy shifting AS curve to the left

Explanation:

Inflationary pressures simply refers to the pressure on both the demand and the supply-side which can bring about an increase in the general price level of goods and services in such economy.

Inflationary pressure in the AS-AD model can be shown as a rise in input prices affecting most firms across the economy shifting AS curve to the left. The aggregate supply curve shifting to the left implies that there'll be a reduction in the goods and services demanded in the economy due to the increase in price.

BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $127,200 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 3.1% and SUTA taxes are 2.9% of the first $7,000 paid to its employee.

Answers

Answer:

a.

                Taxes to be withheld from Gross Pay (Employee - Paid Taxes)

                                      September Earnings      Tax Rate         Tax Amount

                                             Subject to Tax

Federal Income tax                                                                            $80.00

FICA - Social Security                800                       6.20%                $49.60

FICA - Medicare                          800                      1.45%                 $11.60

Total                                                                                                   $141.20

FICA - Social Security = 800 * 6.2% = $49.60

FICA - Medicare = 800 * 1.45% = $11.60

b.

Date             General Journal                                           Debit            Credit

Sep 30          Salaries Expense                                       $800

                     Federal income tax payable                                             $80

                     FICA taxes Payable - Social Security                               $49.60

                     FICA taxes Payable - Medicare                                        $11.60

                     Salaries Payable                                                               $658.80

Salaries Payable = 800 - 80 - 49.60 - 11.60 = $658.80

When writing a check, you complete all of these steps except for _____.

signing the back of the check
writing the date
writing the amount in numbers
writing the amount in words
signing the front of the ch

Answers

Answer:

SIGNING THE BACK OF THE CHECK

Kate wants to analyze the target audience for her company's product. She wants to understand their needs so she can relate to them. Her company's product is luxury homes. The buyers get to have a good location to live in and are able to interact with quality neighbors. Katie wants to use Maslow's hierarchy of needs to understand the buyer's needs. Which needs would the company's product fulfill for the buyers?

Answers

Answer:

psychological and social

Explanation:

Since in the question it is mentioned that Kate wants to analyze the target audience and wants to understand the needs its product is luxuries homes

So here in the given situation, She wants to use the maslow hierachy of needs so that she is able to understand the buyer needs

So here the  Psychological and social would be considered as this is a relevant

Harry’s shoe store has noticed a significant increase of revenue of $123,000. The manager has also determined that the total expenses equal to $128,000. Will this business net a profit or loss? _____ How much of a profit or loss?_____

Answers

Answer:

Net loss; $5,000

Explanation:

$123,000 (income)

- 128,000 (expenses)

_________________

-5,000

PLZ HELP

Antoinette is researching the importance of dress codes in the workplace.
What would most likely be a reliable source?

A. Article published 20 years ago

B. Fashion blog

C. Website written by unknown author

D. Government agency report

Answers

Answer:

D. Government agency report

Explanation:

D. makes the most sense!! Good luck!

Answer: D. Government agency report

Explanation: test

Why do manufacturers save money if they produce just enough to meet demand?

Costs to warehouse unsold inventory goes down.
Costs of raw materials increase when purchased in bulk.
Production workers can be unskilled.
Delivery schedules are reduced.

Answers

Answer:

Costs to warehouse unsold inventory goes down.

Explanation:

By producing sufficient quantities to meet demand, a business avoids costs associated with storing unsold inventory. In this case, unsold inventory refers to finished products waiting to be sold. If the business does not have a lot of unsold inventory, it will not incur some unnecessary cost, including

Warehousing associated costs such as lighting, refrigeration, cleaning, labor, and sometimes rent to the storage facility.Unsold inventory ties a lot of capital. The costs of production are held up in unsold inventory.  The business has to consider the opportunity cost of holding the unsold inventory.Most businesses operate on borrowed capital. Unsold inventory means the interest on loans will increase. There is the risk of damages and pilferage of unsold inventory held at the warehouses.

Answer:

A. Costs to warehouse unsold inventory goes down.

Explanation:

Got it right on edge 2022!

Why did Guardbark want people to not disturb the trees?

Answers

Trees give oxygen, this helps living things survive and although people don’t think about it much trees are very important for our survival, they help us and other living things breath and survive

He wanted the trees to be left alone because they give us oxygen and are the habitats of lots of diverse species.

Why trees are important?

Over 80% of the world's terrestrial biodiversity may be found in trees, which also help clean the air we breathe, filter the water we drink, and offer habitat. Over 1.6 billion people have worked thanks to forests, which also remove dangerous carbon from the environment and serve as a major component of 25% of all pharmaceuticals.

The existence of several huge creatures depends on trees. Trees are employed as sources of nutrition, shelter, and breeding grounds. Numerous animals also utilize trees as places to rest, build nests, and as vantage points from which to hunt or catch prey. Animals can benefit from delectable fruits and foraging possibilities when the trees reach maturity.

Thus, these were the reasons he wanted people to not disturb the trees.

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Which one of the following business stakeholder groups can exert pressure on a business by imposing stricter credit terms, or by refusing to grant further credit?
A. D suppliers B. customers C. shareholders D. pressure groups

Answers

Answer:

A. D suppliers

Explanation:

Suppliers are traders who sell materials and other items to a business.  Suppliers are stakeholders in any company that they supplier products or services. They have commercial interests as creditors to the company.

Because suppliers are the one's who sell to a business of credit, they are the only ones who can impose credit terms on the business.  Suppliers may also relax the credit terms or deny the business credit facilities depending on their risk assessment of the company.

Which costs would be considered fixed costs?

Answers

Answer:

see below

Explanation:

Fixed costs consist of business expenses that remain constant throughout a financial period. The level of production does not influence these costs. Fixed costs are sometimes considered as the cost of staying in business. They have to be paid as long as the business is open.

For instance, administrative salaries have to be paid regardless of the level of production. Monthly rent to a store has to be paid even if no sales were made in a particular month. Other examples of fixed costs include depreciation, insurance premiums, and advertising.

Easy ways to learn BRS​

Answers

Answer:

BRS is a Bank Reconciliation Statement:

1. COMPARE THE DEPOSITS

Match the deposits in the business records with those in the bank statement. Compare the amount of each deposit recorded in the debit side of the bank column of the cashbook with credit side of the bank statement and credit side of the bank column with the debit side of the bank statement. Mark the items appearing in both the records.

2. ADJUST THE BANK STATEMENTS

Adjust the balance on the bank statements to the corrected balance. For doing this, you must add deposits in transit, deduct outstanding checks and add/deduct bank errors.

Deposits in transit are amounts that are received and recorded by the business but are not yet recorded by the bank. They must be added to the bank statement.

Outstanding checks are those that have been written and recorded in cash account of the business but have not yet cleared the bank account. They need to be deducted from the bank balance. This often happens when the checks are written in the last few days of the month.

Bank errors are mistakes made by the bank while creating the bank statement. Common errors include entering an incorrect amount or omitting an amount from the bank statement. Compare the cash account’s general ledger to the bank statement to spot the errors.

3. ADJUST THE CASH ACCOUNT

The next step is to adjust the cash balance in the business account.

Adjust the cash balances in the business account by adding interest or deducting monthly charges and overdraft fees.  

To do this, businesses need to take into account the bank charges, NSF checks and errors in accounting.

Bank charges are service charges and fees deducted for the bank’s processing of the business’ checking account activity. This can include monthly charges or charges from overdrawing your account. They must be deducted from your cash account. If you’ve earned any interest on your bank account balance, they must be added to the cash account.

An NSF (not sufficient funds) check is a check that has not been honored by the bank due to insufficient funds in the entity’s bank accounts. This means that the check amount has not been deposited in your bank account and hence needs to be deducted from your cash account records.

Errors in the cash account result in an incorrect amount being entered or an amount being omitted from the records. The correction of the error will increase or decrease the cash account in the books.

4. COMPARE THE BALANCES

After adjusting the balances as per the bank and as per the books, the adjusted amounts should be the same. If they are still not equal, you will have to repeat the process of reconciliation again.

Once the balances are equal, businesses need to prepare journal entries for the adjustments to the balance per books

Explanation:

bruh ur no help its not even a answer dumbo

Answers

Answer:

?

Explanation:

Answer:

whaaat

Explanation:

New shoes are on SALE. You find a pair you like for $85 dollars. But you only have $45 with you. So, you pay $40 and charge the balance. At 8% interest, what will the balance owed be in six months? (Assume no payments made and simple interest.)

Answers

Answer:

$46.8

Explanation:

The shoe is worth $85. You pay a deposit of $40. The balance is $45.

So $45  is charged at 8% interest for six months.

Simple interest I= p x r x t

In this case, p is $45,

r is 8%

t= 6 months or 0.5 years

I = $45 x 8/100 x 0.5

I= $45 x 0.08 x 0.5

I=$1.8

The total amount owed will be $45 + $1.8

=$46.8

Answer:

dsada

Explanation:

Pls help me answer these 2 questions for my Econ Test on Tuesday plzzzz!!!!

1) What is the difference between Fixed Resources and Variable Resources?
2) What is the difference between Short Run and Long Run?

Answers

Answer:

1: A fixed resource is any resource that will always be available with a room arrangement where as Variable resources are electricity producers whose output amount and availability can vary due to the nature of fuel being used - for example, wind, solar, or run-of-river hydro. .

2: The short run is a period of time in which the quantity of at least one input is fixed and the quantities of the other inputs can be varied where as the long run is a period of time in which the quantities of all inputs can be varied.

Explanation:

hope it helps!

i neeeeeeeed help 10 points​

Answers

Answer:

Uh I dont get iut

Explanation:

       

is your name darel 1234567890

Answers

No my name is not Darrel

The atmospheric pressure at a place is 650 mm of Hg. Convert this pressure
into pascals (Pa). Given, density of Hg = 13,600 kgm.​

Answers

Ans Solution

Explanation:

is dispute a letter?

Answers

nope, dispute is a word

When a company wants to design a new wireless headset it invited a group of interested users to comment on and try out various product prototypes during its design process. This is an example of what type of process?

Answers

Answer:

Testing process...?

Would have been better if given options...

This is an example of what type of process testing process.

What is the product testing process?

The four essential strategies of verification are Inspection, Demonstration, test, and evaluation. The four strategies are somewhat hierarchical in nature, as every verifies the necessities of a product or system with growing rigor.

Product trying out u.s. is a legitimate manner to get a risk to get a few virtually valuable merchandise totally free. but you want to be aware that it's far like a lottery – there is no guarantee you may get to test a product.

The Product trying out exercise gives consulting for automation engineering, solutions, and their validation; Interop and Certification for servers, switches, and storage; Infrastructure Validation and workload-based totally benchmarking for Datacenter provider providers.

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What was in the sealed box from the Virginia Company in England that the settlers

A opened once they arrived?

B guns and weapons for protection from Indians

C gold

D the names of the seven men who would be the leaders

E a map that showed where the gold was

Answers

Answer:

B

Explanation:

Answer:

The Virginia Company sent a list of seven qualified men who could serve on a council and be the leaders. The company leaders did this because they knew the men would have a hard time agreeing on who should be the leaders.

Explanation:

Which speaker is most likely to make high-risk investments?
Speaker A: I want to invest in a lot of different companies. You never know when a company is going to have a surprisingly good or bad year.
Speaker B: I invest to get as much money as I can as quickly as I can. I'm not worried about losing money at all.
Speaker C: I'm nearing retirement, so I need to make sure my investments are safe. The worst thing that could happen would be losing all of my investments right before I need them.
Speaker D: I'm concerned that investment is always risky. I prefeito hold onto my money instead of investing it in companies or banks.

A. Speaker D

B. Speaker B

C. Speaker C

D. Speaker A​

Answers

Answer: Speaker A

Explanation: Just took the quiz

The speaker that is most likely to make high-risk investments is Speaker B. Hence, Option B is correct.

What are high-risk investments?

A high-risk investment is one in which there is either a large percentage chance of loss of capital or underperformance—or a relatively high chance of a devastating loss. It may offer the chance of higher returns than other investments might produce, but it also puts your money at a higher risk.

It has advantages also. Some of the major advantages are: investors can earn huge returns in a very short period of time; investors are able to purchase and sell the securities with ease; investors can earn capital gains as well as dividends on their investments; and many more.

Therefore, Option B is correct.

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why do private sector firms seeking profit will allocate scarce resources to the production of goods and services and will it be able to make good quality products for consumers?

Answers

Answer:

Markets use prices as signals to allocate resources to their highest valued uses. ... Businesses also have dual roles—they supply goods and services and demand resources. The interaction of demand and supply in product and resource markets generates prices that serve to allocate items to their highest valued alternatives.

Explanation:

Hope this helped.. ;)

I NEED HELP PLEAASEEE

Answers

I think it is coupons. You are right

Yes definitely coupons

Please Help!!!!!!!!!!!!!!!!

Answers

Answer:

Explanation:

james is approachable, does not have ego issues an is always avaliable to help his team mates.

james is a good facilitator is known to take the right decisions at thet right time without hesitation .

james is resourceful. always comes up with a soulution even in the most difficult situations.

james is confident. welcomes without any resistance

Give two leadership skills and how they will help you as a manager.

Answers

Answer:

Communication. One of the most important skills of a leader is the ability to communicate effectively. ...

Awareness. ...

Honesty/Integrity. ...

Relationship Building. ...

Innovation. ...

Developing Leadership Skills.

Explanation:

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The "E" in ALERT stands for Employees and reminds you to (Choose all answers that apply)

A. Know who (which employees) are in your facility.
B. Limit employees access to prep & storage areas.
C. Conduct background checks and verify credentials.
D. Test employees knowledge of allergens.

Answers

the answer is A i believe

State the various purposes that an environmental impact statement must serve.

Answers

Answer:

An environmental impact statement, under United States environmental law, is a document required by the 1969 National Environmental Policy Act to protect the environment.

Therefore, the main purpose of an environmental impact statement is to make sure that the policies in the Act is implemented.

It also lists out the various endangered species in the area on either private or government territories and how best to preserve them from extinction.

List 3 physical side effects of anger/stress and explain how they can impact your driving.

Answers

Answer:

um Speeding.

Tailgating.

Harsh braking or cornering.

Changing lanes erratically.

Jumping red lights

Explanation:

is this ok for u

Communicating with people you know or meet to share information or advice about a job defines
a contact list
b. job leads
C. networking
d career fair

Answers

Answer:

C

Explanation:

Answer:

c

Explanation:

what is jotaro kujo´s stand name? correct answer will get 5 stars, thanks, and brainlest.

Answers

Answer: stats

Explanation: I believe this is right but I’ve been wrong before

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