The ________ Clause of the Fifth Amendment to the U.S. Constitution allows the government to take private property for public use.

A. Takings
B. Just Compensation
C. Double Jeopardy
D. Ratification


Answer: A

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Terry and Farah have an oral contract for the sale of 100 books at $30 per book. If Terry delivers the books and Farah accepts them, or if Farah pays for the books and Terry accepts payment, which of the following is true?

A. Neither Terry nor Farah can raise the statute of frauds defense as the agreement has been performed at least partially. B. Farah can raise the statute of frauds defense to enforce the remainder of the contract. C. Terry can raise the statute of frauds defense to enforce the remainder of the contract. D. Both Terry and Farah can raise the statute of frauds defense as it is a complete performance.

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The purchase of equipment using cash is an investing activity

Indicate whether the statement is true or false

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A country that is shifting from an agricultural based economy to an industrial based economy is known as a developing country

Indicate whether the statement is true or false

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____________ is a process whereby two or more parties reach a mutually agreeable arrangement.

a. Negotiation b. Competition c. Conflict d. Interdependence

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