Informal contracts are usually based on their sub-stance rather than their form
Indicate whether the statement is true or false
True
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An individual at the conventional level of moral development defines what is right on the basis of what their immediate social situation and peer group endorses or what society in general seems to want.
Answer the following statement true (T) or false (F)
Scher Co leased a machine on December 31 . 2014 . Annual payments under the lease are $110,000 (which includes $10,000 annual executory costs) and are due on December 31 each year, for a ten-year period. The first payment was made on December 31 . 2014, and the second payment was made on December 31 . 2015 . According to the agreement, the lease payments are discounted at 1 . percent over the
lease term. Assume the present value of minimum lease payments at the inception of the lease and before the first annual payment was $615,000 and Scher appropriately classified the lease as a capital lease. What is the lease liability Scher should report in its December 31 . 2015, balance sheet? a. $466,500 b. $515,000 c. $534,150 d. $576,500
The pre-emptive right allows a shareholder to vote twice if he or she owns preferred stock along with common stock
Indicate whether the statement is true or false.
Courts usually will require evidence for a transaction to be usurious. What factors will the courts require as evidence of usury?