In Certified Fire Protection v. Precision Construction, Precision accepted a winning bid from Certified for it to install a fire suppression sprinkler system. Later the two parties got into a fight over some details in the contract, which was never signed. The courts held that the contract was:
a. properly accepted, so there was a binding contract
b. accepted with minor modifications that were not critical to the intent of the contract, so it was binding c. never formed as there were disagreements over major provisions
d. never formed because Certified was not licensed by the state to do such work
e. none of the other choices
c
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One of the duties generally imposed on the principal by the common law is the duty to:
A. reimburse and indemnify. B. consult. C. account for funds and property. D. share profits and losses.
Refer to the data on Expected Demand for Weston Gadgets, Inc. For the various demand scenarios, if you applied the Laplace criterion, what is the highest payoff?
a. $36.67 million
b. $32.17 million
c. $33.20 million
d. $41.55 million
Even if you are given a present value, a single future value, and a time period, solving for the rate of return, r, is still a trial-and-error process
Indicate whether the statement is true or false.
The corporate valuation model can be used only when a company doesn't pay dividends.
Answer the following statement true (T) or false (F)