Brad defends against a breach-of-contract suit by College Credit Corporation by claiming that their deal-a student loan accruing interest at a certain rate and payable beginning on a certain date-was unfair because the consideration for their contract was inadequate.? Refer to Fact Pattern 12-2."Adequacy" of consideration refers to
A) "how much" consideration is given
B) legally sufficient value in the eyes of the law.
C) the intangible value to a contracting party of a thing exchanged.
D) ?the substantiality of the consideration exchanged.
A
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SQL is a procedural language that allows a programmer to code a logical sequence of steps to make decisions.
Answer the following statement true (T) or false (F)
If the internal rate of return of two mutually exclusive investments is less than the firm's cost of capital, the firm should make
A. both investments. B. neither investment. C. the investment with the higher internal rate of return. D. the investment with the lower net present value.
Which of the following major variables should be considered when evaluating proposed changes in credit standards?
A) level of inventories B) accounts payable C) level of liquid assets D) bad debt expenses
What is true regarding annuities?
A. They are less risky than the stock and bond markets because they let you know what your monthly income will be. B. They only benefit you if you live longer than expected. C. They only benefit you if you don't retire. D. They give you variable returns and a higher rate of return. E. They usually benefit the insurance company more than they benefit you.