A party's lack of understanding of contract terms can deprive him or her of any meaningful choice.
Answer the following statement true (T) or false (F)
True
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Which of the following actions would result in the elimination of uncontrollable returns of products in the short run?
A) improved handling B) better packaging C) improved transportation D) proper storage E) cannot be eliminated
In evaluating the performance of a profit center manager, he/she should be evaluated on
a. all revenues and costs that can be traced directly to the unit. b. all revenues and costs under his/her control. c. the variable costs and the revenues of the unit. d. the same costs and revenues on which the unit is evaluated.
Which of the following is true of payment procedures?
A. Up-front cash payment is a risk to the customers. B. Providing credit to customers is a risk to the customers. C. A documentary draft involves only two parties-the company and the customer. D. A letter of credit can be exercised only with specified shipping documents.
Dragonaire Corporation contracts with Excel Trucking Company to take goods to Fly-By Airlines, Inc., with Fly-By to transport the goods to a Geo Storage Company warehouse. Excel, Fly-By, and Geo each acknowledge possession of the goods by a document of title. Excel, Fly-By, and Geo are
A. bailees. B. consignees. C. lessees. D. sellers.