Please answer all questions below

Instructions: Read the case study below, then answer the questions that follow. Ahmad (19 years old) sent an e-mail to Al-Nahar newspaper, expressing his interest in a 6 months subscription and inquiring about the fees, noting that his home address appeared in the content of the email. The newspaper administration replied by offering him a one-year subscription for the price of 150.000 Lebanese pounds, which includes both a paper copy as well as an electronic one, Ahmad replied by saying that he is ready to contract only if the price is reduced to 100.000 Lebanese pounds. After a few days, Ahmad received an e-mail that contains all the necessary information to access the electronic copy of Al-Nahar newspaper and started to find the hard copy every day on his doorstep. At the end of the year, Al-Nahar administration kept sending the newspaper like usual. After one month, it requested Ahmad to pay the fees of the second-year subscription. However, Ahmad refused to do so, justifying that he was not interested in renewing the contract. The newspaper insisted that the contract is renewed as long as Ahmad did not express his refusal. Ahmad also claimed that the contract is void due to the disequilibrium between the obligations of the parties as he found out that other subscribers had to pay 90.000 Lebanese pounds only. Question number one: (25 marks) Describe from a legal point of view, the steps taken by Ahmad and the newspaper, and clarifying whether they had concluded a contract. Question number two: (25 marks) Explain whether Ahmad must pay the second-year subscription fees. Question number three: (25 marks) Determine the basis on which Ahmad can support his claim about the voidance of the contract due to the disequilibrium between the obligations. List the conditions that should be available for his claim to be accepted. Justify if these conditions are available in this case.Mearcat Corporation earned income before tax of $160,000. Taxable income was $140,000, and the income tax rate was 40%. The journal entry to record Mearcat's income tax expense and income tax liability was: O A. Income Tax Expense 64,000 Income Tax Payable 64,000 O B. Income Tax Expense 56,000 Income Tax Payable 56,000 O c. Income Tax Expense 64,000 Income Tax Payable 56,000 Deferred Tax Liability 8,000 O D. Income Tax Payable 64,000 Income Tax Expense 56,000 Deferred Tax Liability 8,000Question 1 (1 point) Silver's Gym ordered $10,000 worth of fitness equipment from Sports Equipment, Inc. If Silver's fails to pay for the equipment, Sports Equipment, Inc. can enforce the contract: O Only if there is a writing signed by both Silver's and Sports Equipment, Inc. O Even if neither party has signed the contract O As long as there is a writing signed by Silver's O As long as there is a writing signed by Sports Equipment, Inc. Save Question 2 (1 point) If both parties to a contract are mistaken regarding market conditions, such as the likely price of gasoline in the future, then ordinarily they: O Are required to renegotiate the contract. O Are stuck with the contract. Have no contract. O Are both discharged from further performance of the contract. Save Question 3 (1 point) National Widget, Inc. and Widgets-For-A-Buck entered into a contract requiring National Widget to supply widgets worth $10,000 over a 6 month period. The only written evidence of the contract is a memo in the file of Widgets-For-A-Buck. The memo states "Ordered 10,000 widgets from NW. Delivery 6 mon." The memo is signed by Waldo Walters, the president of Widgets-For-A-Buck. Under the Statute of Frauds, the contract is: 1 of 13 3/24/11 8:51 AM O Not enforceable by either party. O Enforceable by either party. O Enforceable by National Widget, Inc. only. O Enforceable by Widgets-For-A-Buck only.Question 25 (1 point) Listen Cole Contracting agreed to build an outbuilding for Diego in exchange for $100,000. The outbuilding was to be built during May and June and Diego was to pay by July 15. The construction was completed on schedule. Because they were were experiencing some financial difficulties, Cole Contracting had verbally assigned their contractual rights to Putong Lumber Supply in late May. Cole Contracting had provided a letter to Diego to let him know about the arrangement. Diego, unhappy about the quality of the construction, refused to pay and took Cole Contracting to court. Which of the following statements is true? ()a) This is an example of statutory assignment of rights. If Putong Lumber wants to enforce their rights they can sue Diego without involving Cole Contracting. () b) This is an example of equitable assignment of rights. If Putong Lumber wants to enforce their rights they'll have to sue both Diego and Cole Contracting. ()d) This is an example of equitable assignment of rights. If Putong Lumber wants to enforce their rights they can sue Diego without involving Cole Contracting. ()d) This is an example of statutory assignment of rights. If Putong Lumber wants to enforce their rights they'll have to sue both Diego and Cole Contracting. Question 26 (1 point) Listen An owner specified a certain roofing material for its project after being persuaded by its manufacturer that it was "the best material to use for this situation". A subcontractor on the project installed this roofing material carefully in accordance with the manufacturer's instructions. There was no roofing guarantee in the contract with the general contractor. The roof leaked two years after the work was done because of the inferior quality of the roofing material. Against whom should the owner claim? (a) the product salesman b) the product manufacturer O c) the subcontractor O d) the general contractorQuestion 35: {3 Points) Question 36: {3 Points} Question 37: {3 Polnts]: Question 33: {3 Points) Aiood delivery service promises customers to be compensated tor delayed delivery if the package cannot be delivered in under an hour. Delivery time for food packages is known to follow a normal distribution with a mean of 56.5 minutes and a standard deviation cl 5 minutes. It delivery is completed as promised on time. what is the probability that the delivery took more than the expected time? Consider yourself and your competitor submitting bids on the city oi Montreal contracts. Past data indicates your competitor has submitted bids 75% of the time. The chance that you win a contract will be 25% if the competitor bids on the contract However. your chance to win a contract will increase to 70% if the competitor does not bid on the contract. What is the probability that you will win the contract? : To manage perishable Items at the storages, local grocers decide on the number of items to keep in stock on weekly basis. Suppose that the weekly demand for the item ls normally distributed with a mean of 80 units and a standard deviation of 9 units. If the grocer wants to control the probability of stock out of the item to no more than 4% In a week, now many units of the Item should be kept In the storage? : Patrons at a local restaurant are broadly classied as 90% regular and 10% as new on yearly basis. Drink preferences indicate wine was ordered by 30% of the regular customers. and by 50% of the new customers. If wine is ordered, what is the probability that the person ordering is a regular customer