A(n) ________ contract cannot be upheld by a court of law, although it may have all of the elements of complete contract.
A. unenforceable
B. valid
C. void
D. voidable
Answer: A
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Which of the following is a form of trade protectionism?
A. A trade bloc B. A countertrade C. A revenue tariff D. An embargo E. Outsourcing
For price discrimination to work ________
A) the market must be segmentable and the segments must show similar intensities of demand B) members in the lower-price segment must be able to resell the product to the higher-price segment C) competitors must be able to undersell the firm in the higher-price segment D) the practice must not breed customer resentment and ill will E) the extra revenue derived from price discrimination must not exceed the cost of segmenting and policing the market
A company issued 7%, 5-year bonds with a par value of $100,000. The market rate when the bonds were issued was 7.5%. The company received $97,946.80 cash for the bonds. Using the effective interest method, the amount of interest expense for the second semiannual interest period is:
A. $7,346.03. B. $7,000.00. C. $3,679.49. D. $3,673.01. E. $3,500.00.
If no harm results from an allegedly negligent act, there is no liability
Indicate whether the statement is true or false