The Code's requirement of good faith in the performance and enforcement of every contract imposes:
a. a greater duty on merchants than consumers.
b. a greater duty on consumers than merchants.
c. the same duty on both consumers and merchants.
d. a greater duty on parties to a sales contract with the purchase price over $500.
a
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Which of the following statements regarding serial bonds is true?
a. They are likely to be issued by food companies. b. They have shorter lives than term bonds. c. They are strongly backed by the issuer's collateral. d. The bonds do not all mature on the same date.
Marketers have little information about how consumption patterns vary across and within countries
Indicate whether the statement is true or false
The partner performing an engagement quality review will review the working papers and financial statements but will not perform which of the following?
a. Assess completeness of the audit work and sufficiency of the evidence. b. Determine the adequacy of financial statement disclosures. c. Raise questions about the reasonableness of various financial statement presentations. d. Perform a substantial portion of the audit procedures as an additional check.
A promissory note differs from a bill of exchange in that a promissory note ________
A. cannot have a fixed date for payment B. is not a written order to pay C. is a two-party instrument D. is always paid on demand