Alexandra, a young entrepreneur, received an e-mail from her close college friend, Nicholas, that a relative had died and Nicholas had inherited some money. Nicholas wanted to contribute $50,000 in financing to help Alexandra launch her business. Because Nicholas had always come through for her in the past, she proceeded that day to acquire a lease on office space and purchased desperately needed equipment. She also hired an assistant. All total, she spent $40,000, keeping $10,000 in reserve. She then sent Nicholas an e-mail thanking him for his gracious offer and expressing how much she needed the money. She detailed all of her expenditures and expressed that she could have never progressed so quickly without his help. However, the money never arrived because Nicholas sent her the e-mail as revenge for taking his idea for a business. There never was $50,000.
Required:
Was there a contract?
Solved
Show answers
More tips
- S Style and Beauty How to Get Rid of a Double Chin?...
- F Food and Cooking How to Cook Julienne? Recipes and Tips...
- D Dating, Love, Relationships 10 Useful Tips on How to Survive a Breakup?...
- F Food and Cooking Apple Cider Vinegar: The Ultimate Health and Beauty Solution...
- C Computers and Internet Е-head: How it Simplifies Life for Users?...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
Answers on questions: Business
- B Business A BBB-rated corporate bond has a yield to maturity of 7.7 %. A U.S. treasury security has a yield to maturity of 6.3 %. These yields are quoted as APRs with semiannual compounding....
- B Business Which core principle(s) could you use to explain why credit card issuers charge such high rates of interest?...
- B Business In the context of successful business models for e-commerce, sites that pay commissions to other sites to drive business to their own sites involve the model....
- B Business Lasiter Corp. reported net credit sales of $2,000,000 and cost of goods sold of $1,400,000 for 2014. On January 1, 2014, accounts receivable was $250,000. Amounts owed by customers...
- B Business Suppose that at the beginning of 2019 Jamaal s basis in his S corporation stock is $0, he has a $0 debt basis associated with a $10,000 loan he made to the S corporation, and he...
- B Business The purpose of the local clearinghouses established by banks in the early 1900s was to: A. merge failing banks with healthy ones. B. facilitate the transfer of electronic funds between...
- B Business ichard Corporation produces and sells a single product whose selling price is $150 per unit and whose variable expense is $57 per unit. The company s monthly fixed expense is $381,300....
- B Business Shane used to provide lengthy and monotonous details about his surgeries at the weekly meetings with his department members. Due to this, as soon as he started his report, the head...
- B Business . If the Federal Reserve raises interest rates in an autonomous tightening . A) the MP curve shifts up, there is an upward movement along the IS curve, and the AD curve shifts to...
- H History In what way was the plessy vs Ferguson ruling a reflection of the historial context of the late 19th century?...
Ответ:
U r a ding dong
Explanation: