Forward contract is both a blessing and a curse because sometimes you feel that you should not have booked the forward contract in the first place. True or False ?

Q: (a) Cite an example of a contract which is contrary to morals, (b) Can the nullity of the…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: e forward rate is not at parity during the outset of the contract, which theory of term structures…

A: Spot rate and forward rate are the terms used in the context of foreign exchange markets. However…

Q: one key difference between option contracts aND FUTURE CONTRACTS IS THAT IN AN OPTION CONTRACT, THE…

A: Option Contract-An options contract is a contract between two parties to facilitate a potential…

Q: Why onerous contracts are considered as a provision, even though they do not always come with a high…

A: Onerous contract is the contract that would cost the business more to fulfill than what the company…

Q: What factors must any company consider before accepting a special-order contract?

A: Company has to consider following points while accepting special order: 1. Potential effect on sale…

Q: In a destination contract for the sale of goods, which of the following is true concerning when the…

A: A destination contract is a contract made for the sales of goods under which the seller promises to…

Q: If called by a merchandiser, you should be skeptical of all of the following except: a last chance…

A: Merchandiser are those person who provide goods and services to the company on credit or cash.

Q: Unsecured creditors: have rights to be paid amounts owed, but the rights may have to be enforced…

A: Correct option is 1. i.e unsecured creditors have rights to be paid amounts owed, but the rights may…

Q: Explain the difference between the forward price and the value of a forward contract. Give an…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: An intoxicated individual will enter in a void/voidable/valid contract A. Void B. Voidable C.…

A: An intoxicated individual will enter in a voidable contract.  Correct option is b.

Q: Explain the role of Anticipatory Breach of Contract in non-performance of contract. Briefly state…

A: A financial contract is an independently agreed agreement, contract, or sale, purchase, exchange,…

Q: What is the difference between an Offer for a unilateral contract and an Offer for a bilateral…

A: In unilateral contracts, one party offering the deal promises to pay when a certain act or task is…

Q: Explain how a company can use forward contracts to eliminateFX risk

A: Introduction: A forward contract is a contact between two parties regarding the future selling price…

Q: the effect of the doctrine of privity of contract is that

A: The doctrine of privity of contract states that the contract law would not impose any obligation and…

Q: What if the lessee is unaware of the lessor’s implicit rate?

A: Lease:   Lease is a contractual agreement whereby the right to use an asset for a particular period…

Q: Who may institute action for annulment of voidable contracts? Briefly discuss.

A: Contract Act- The Indian Contract Act of 1872 lays out the groundwork for forming a legally binding…

Q: Both are estimated liabilities, but customer loyalty programs are different from warranties because…

A: As per IFRS 115 "Revenue from contracts wih customer" Customer loyalty programs includes the…

Q: A contract does not qualify for revenue recognition if Either party can unilaterally cancel the…

A: Revenues: Revenues are earnings from operations of a business. The operating activities are sale of…

Q: Why are minors allowed to avoid contractual obligations by canceling or disaffirming contracts? Are…

A: “We essential to permit persons to go in into agreements.” The portion that everybody emphases on…

Q: Factual errors can occur in two ways: unilaterally or bilaterally. What are the implications of both…

A: pleas see the next step for solution

Q: the stakeholders position is not protected by a contract -unlike the provider of debt- how is it in…

A: Shareholders are the individuals who get ownership of the organization when they invest in their…

Q: What is the difference between a covenant not to compete in a contract versus a covenant not to…

A: Covenant A covenant is a formal legal agreement between two parties for doing or not doing some…

Q: Formalities in a contract can be self-imposed by the parties to a contract. Select one: True False

A: Contract is referred as an enforceable agreement, which helps in defining, creating, and also…

Q: A minor can disaffirm a contract for a new car True or false

A: A contract is a legally binding document that recognizes and governs the rights and duties of the…

Q: .Which is correct about covenants? a. Covenants are written promises of the issuer that is…

A: Covenants:-In Finance and legal terminology; a pledge is a guarantee in an arrangement, or some…

Q: Would it be a violation of the Consumer CreditProtection Act to suspend, demote, or transfer…

A: Garnishment: Garnishment, also known as wage garnishment, is the process by which money is…

Q: Vicarious performance

A: The Vicarious performance represents the contractual obligation that is performed by a third party…

Q: Discuss the effects of ratification in voidable contracts

A: A contract that contains one or both of these flaws can nonetheless be regarded legally binding if…

Q: contract is entered into between Jane, a minor and Sisa, an insane person. Jose, the father of Jane…

A: Ans. As per contract act, a contract cannot be entered into by a minor or an insane person.

Q: Intoxicated persons, who do not know what they are doing, have limited contractual capacity. True or…

A: Capacity to enter into a contract. For enter into a contract parties should be sound minded. In case…

Q: Which of the following arises when the seller's right to consideration from a customer is…

A: A receivable is recognized by the entity when the entity's right to consideration is unconditional…

Q: Related to ethics and contracts, why do payday loans appear to be an ethical issue?

A: Payday loans are small ticket loans for a short duration. The borrower pays back the loan when he…

Q: Does contract modification always result in a new contract if the modification adds distinct goods…

A: The given situation can be linked with International Financial Reporting Standards (IFRS) 15 which…

Q: Your business may be at risk if: Select one: a. All of these b. An important contract does not…

A: Risk is a condition or circumstance where it can hamper the business of the company or may give an…

Q: on the advantages and/or criticisms of the two theories. according the economic theory of contract…

A: By banning involuntary appropriation, property law promotes people to get the most out of their…

Q: A contract modification always results in a new contract if the modification adds distinct goods or…

A: The given scenario can be linked with International Financial Reporting Standards (IFRS) 15 which…

Q: A written contract takes priority over a prior oral agreement Ture or false

A: A contract can be in writing, be oral, be inferred by conduct or formed using a combination of all…

Q: If a firm changes how they account for long-term contracts, what will be the proper accounting…

A: When accounting for a long-term construction contract for which revenue is recognized over time…

Q: Which of the following is NOT the correct statements regarding forward contracts? I. contain a…

A: A forward contract is a contract entered between the parties to buy and sell assets at a…

Q: What is the meaning of “counter-offer” in relation to the law of contract?

A: Counter Offer is a type of offer given in response of original offer.

Q: Do you believe that Bills of exchange cannot be voided? Yes, or No, and Why?

A: In this question, we will explain that Bills of exchange can be voided or not .

Q: Goods on consignment should be included in the inventory of

A: As per our protocol we provide solution to the one question only and that too if the question is…

Q: A performance obligation is: O A contract with a customer O Only enforceable when the contract is…

A: Performance obligation means where we enter in to a contract with customer to delivery specific…

Q: If an entity recognises the revenue associated with a contract with a customer over time (rather…

A: The question pertains to which of the two scenarios would be a more conservative approach : 1.…

Q: If an investor has unique needs and does not care about liquidity, which contract is right for them:…

A: future contract is the contract which gives the obligation to the holder to buy or sell the…