Need help answering this exercise:

Macy promises to give Lucy $38,500 if Macy will donate her car to charity. Which of the following statements are true:

a. the conditional obligation is valid because it is a mixed condition

b. the conditional obligation is invalid because it is impossible

c. none of the choices are correct

Jake promises to pay his debt if he wins the lottery/

a. only condition is void

b. obligation void

c. obligation valid

The obligor is not liable for damages due to fortuitous events even if he was in default. Furthermore, the obligee is entitled to damages when the performance of an obligation is attended by fraud, negligence, delay, and contravention of the tenor of the obligation.

a. only the first statement is correct

b. only the second statement is correct

c. both are incorrect

 

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Madge is an actor who wishes to turn her talents towards producing and directing works of drama. She has an amount of $8,500 which she wishes to contribute towards the setting up of her own theatrical group in order to fulfil her ambition. She does not know any wealthy persons who would be prepared to risk the $60,000 minimum capital which she estimates is necessary for the purposes of leasing suitable premises, providing equipment, etc. She does have a group of about 25 theatrical acquaintances who would be interested in forming an experimental theatre group, and who would be prepared to risk an amount between $1,000 and $5,000, depending on individual circumstances. Madge knows very little about matters of business but she does know she would like her group to operate along democratic lines while she retains the ‘upper hand’.

Discuss the advantages and disadvantages and problems you foresee for Madge and for the other members should Madge’s group operate as a partnership, looking particularly at:

a. How would the group operate?

b. The liability of individual investors for ‘group’ debts, and ‘group’ contracts and ‘group’ torts.

c. The liability of Madge.

d. Whether the group can hold property.

e. Should the group decide to operate as a company what type of company would best suit their purposes, and why?

 

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 Madison buys supplies so she can make and sell wind chimes. She begins to make a profit only after she sells her first 6 wind chimes. which point on the graph makes the most sense in this situation?

 

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• Eldercare givers (employees taking care of aging parents)
• Parents of children under 15
• Employees in dual-career relationships (husband and wife both have good jobs)
• Working women
• Grew up speaking language other than English
• Different sexual orientation (other than heterosexual)
• Disabled
• Veterans

Think about the groups of people identified above, and select four groups and respond to the questions below for each group:

• What do they need?  What kinds of support would they like from their managers and organizations?  What benefits, policies, and management approaches would they find most help

 

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Madson Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 60,000 subscriptions in January at $10 each. What entry is made in January to record the sale of the subscriptions?

 

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