The UCC modifies the common law rule by requiring additional consideration for the modification of a contract
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
On January 1, 2021, Nana Company paid $100,000 for 8,000 shares of Papa Company's common stock. The ownership in Papa Company is 10%. Papa reported net income of $52,000 for the year ended December 31, 2021. The fair value of the Papa stock on that date was $45 per share. What amount will be reported in the balance sheet of Nana Company for the investment in Papa at December 31, 2021?
A. $315,600. B. $300,000. C. $360,000. D. $284,400.
An importer accelerates payment of the necessary currency exchange (leads) when she thinks the currency will devalue in terms of the foreign payment currency.
Answer the following statement true (T) or false (F)
People in which cluster in the GLOBE studies exhibit forceful behaviors but are also supportive of their coworkers and treat men and women equally?
A. Latin Europe B. Middle East C. Southern Asia D. Eastern Europe
In a lease, the lessee obtains the right to possess and use the goods for a period of time in return for consideration, but title does not pass
a. True b. False Indicate whether the statement is true or false