The party claiming incapacity, or the lack of legal ability to create a contract:
a. does not have the burden of proving it
b. must claim incapacity before the discovery stage of a trial
c. must have at least 3 witnesses who can testify on his behalf d. must claim incapacity before acceptance
e. none of the other choices are correct
e
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How is a debtor protected in bankruptcy from the moment of filing?
A. An automatic stay is placed on all collection efforts. B. Personal guaranties of loans are voided. C. The debtor has access to credit counseling. D. Certain transactions are now considered to be voidable.
Keller Company is evaluating its two divisions, North Division and South Division. Data for the North Division include sales of $250,000, variable costs of $125,000, and fixed costs of $200,000, 50 percent of which are traceable to the division. Data for the South Division include sales of $300,000, variable costs of $175,000, and fixed costs of $225,000, 60 percent of which are traceable to the
division. Contribution margin for the company as a whole is A) $15,000. B) $190,000. C) $235,000. D) $250,000.
A _____ occurs when the subsidiary’s stock is sold for cash, assets, or in settlement of a debt.
a. spin-off b. split-off c. split-up d. sell-off
Using an airline example for competitive priorities, the process capability of handling service needs of all market segments and promotional programs would be best described by:
A) top quality. B) variety. C) consistent quality. D) delivery speed.