Which of the following is one of the four steps in reading a contract?
a. What-ifs
b. Scan for typos
c. Re-write with a lawyer
d. Final approval
a
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Selling on credit protects a company from the risk that some of its receivables will never be collected
a. True b. False Indicate whether the statement is true or false
Which of the following statements is true regarding the laws on employer monitoring?
A. All states in the United States require employers to notify workers when they are being monitored. B. The U.S. Supreme Court has prohibited employers from reviewing employees' Internet use. C. Increasingly, states in the United States are enacting laws to limit employer monitoring powers. D. The U.S. Supreme Court has prohibited employers from monitoring their employees.
Richard is a wealthy and successful businessman who is well known for financing many successful start-ups. He has earned a sizable amount of profit by providing capital to start-ups in return for a share of their profits. In the given scenario, which of the following statements is true of Richard?
A. He provides venture capital to start-ups. B. He provides commercial loans to start-ups. C. He is a general partner. D. He is an angel investor.
Mark agreed to sell his horse to Henry for $1,000. The contract required Mark to take the horse on that same day to Idlewild Stables where Henry was going to board the horse. Henry paid Mark the money, patted the horse and said, "I'm glad you're mine, you beauty," and drove off. Mark then led the horse into the trailer and set off for the two-hour drive to Idlewild. Has there been a sale?
A) No, not until delivery to Idlewild. B) No, not until Henry sees the horse again. C) Yes, since Henry already paid for it. D) Yes, since the contract was made earlier in the day.