Bart was supposed to deliver 100,000 firecrackers to Lisa by June 1, but his factory explodes in April so suspends operations. The contract:
a. has suffered a novation b. has incurred a rescission
c. has incurred the failure of a condition precedent d. has incurred an accord
e. none of the other choices
e
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The most important section of a resume for reviewers is usually:
a. education b. employment c. strengths d. affiliations
E-mation entered into a contract with a consumer, Ezra, a recent immigrant to the United States, who spoke very little English, and had no formal education. The contract provided for Ezra to pay $2500 for a computer system. The system was worth $400 . If E-mation sued Ezra for enforcement the contract, what is the most likely result?
a. The contract is enforceable because of usury statues. b. The contract is unenforceable because it is ancillary to a legitimate bargain. c. The contract is enforceable because of the exculpatory clause. d. The contract is unenforceable because it is unconscionable.
Resources include
A) people. B) facilities. C) equipment. D) all of the above.
Which of the following would be typical of a Statement of Cash Flows for a healthy firm in a sustainable business?
A) Cash flow from operations is negative, cash flows from investment activities and financing activities are positive. B) Cash flow from operations , investment activities and financing activities must all be positive. C) Cash flow from operations is positive, cash flows from investment activities and financing activities are negative. D) If the Statement shows a net increase in cash, the source is unimportant.