Durham Building Supplies requires anyone who wants to use its product to purchase only from it; this contractual arrangement is called an exclusive dealership.
Answer the following statement true (T) or false (F)
True
When a contract requires that a wholesaler or retailer purchase products from one manufacturer, it is an exclusive dealership. If it lessens competition, it is prohibited under the Clayton Act.
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Long-term, secured debt securities are called ________.
A. indentures B. debentures C. notes D. bonds
Examples of recurring costs include
a. software acquisition b. data conversion c. personnel costs d. systems design
Identify two situations in which silence or nondisclosure constitutes a misrepresentation
GR8 Stores, Inc., hires Haul-Way Company, a common carrier, to transport 500 Intelo Game consoles from San Diego to Phoenix. En route, a pothole causes the truck to crash, damaging the goods. Liability for the damage most likely rests with
A. GR8 Stores and Haul-Way. B. GR8 Stores only. C. Haul-Way only. D. Intelo only.