A shareholder's right of appraisal only applies to transactions that were initially subject to shareholder approval
a. True
b. False
Indicate whether the statement is true or false
True
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When the U.S. dollar appreciates against the Mexican peso, the peso becomes ______, and the U.S. exchange rate ______.
a. less expensive; declines b. less expensive; rises c. more expensive; declines d. more expensive; rises
Kelly Company exchanged inventory items that cost $47,000 and normally sold for $75,000 for a new delivery truck with a list price of $77,000. The delivery truck should be recorded on Kelly's books at
A) $47,000 B) $75,000 C) $77,000 D) $79,000
Reformation is an equitable remedy that allows a court to rewrite a contract to suit itself
Indicate whether the statement is true or false
QD representatives met with EDS managers. They discussed plans for a conference room with Persian carpets, quality furniture and nice art. The parties agreed that the job would be done for $100,000, the final bill to be subject to review. QD delivered a room with ordinary carpet and furniture and posters of dogs. They sent a bill for $85,000 . EDS sues QD:
a. EDS should win based on the UCC's perfect tender rule b. QD should win on the basis of contract law because the UCC does not apply to real estate dealings c. QD should win because the terms of the contract were vague, based on oral discussions d. QD should win on the basis of the seller's right to cure defects e. none of the other choices