Recreation Supplies, Inc. (RSI), and Sam, the owner of a Tourist Time shop, orally agree to a sale of beach balls and seashells for $1,000. Sam gives RSI a check for $400 as a partial payment. This contract is
A. enforceable to the extent of $400.
B. fully enforceable because it is for specially made goods.
C. fully enforceable because it is oral.
D. not enforceable.
Answer: A
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According to goal-setting theory, which of the following is necessary for goals to create high motivation and performance?
A. Setting general goals that will work for multiple employees. B. Predetermining acceptable rewards for meeting goals. C. Setting goals that fulfill self-actualization needs. D. Reinforcing of desired behaviors. E. Setting goals linked to an action plan.
It is unlikely that you will be hired on what is listed in your résumé alone
Indicate whether the statement is true or false
Which of the following will be debited to the Manufacturing Overhead account of a watch manufacturer?
A) office telephone costs B) salaries paid to accountants C) factory electricity costs D) cost of printing brochures
Recher Corporation's common stock has a par value of $3 per share and has been stable at a total value of $270,000 on the company's balance sheet for several years. The total stockholders' equity at the end of this year was $1,023,000 and at the beginning of the year was $1,010,000. Net income for the year was $17,500. Dividends on common stock during the year totaled $4,500. The market price of common stock at the end of the year was $3.76 per share.The company's book value per share at the end of the year is closest to:
A. $7.37 per share B. $16.81 per share C. $0.19 per share D. $11.37 per share