Which of the following is not needed in order to have a valid contract?
A) Consideration
B) An agreement
C) A legal object
D) A signed written document
E) Contractual capacity
D
You might also like to view...
On April 1, 2016, Bennett Corporation purchased a new machine on a deferred payment basis. A down payment of $5,000 was made and 10 monthly installments of $14,000 each are to be made beginning on May 1, 2016. The cash equivalent price of the machine was $130,000. Bennett incurred and paid installation costs amounting to $6,000. The amount to be capitalized as the cost of the machine is
A) $130,000 B) $136,000 C) $145,000 D) $151,000
Grace Corporation issued 60,000 shares of $5 par value common stock for $600,000. The journal entry to record the transaction is:
A) Cash 600,000 Common Stock 600,000 B) Cash 300,000 Common Stock 300,000 C) Cash 600,000 Common Stock 300,000Additional Paid-In Capital 300,000 D) Cash 300,000 Additional Paid-In Capital 300,000
Equivalent units are computed to assign costs to partially completed units
Indicate whether the statement is true or false
The ____________________ data dictionary view is also useful to identify what packages exist on the system.
Fill in the blank(s) with the appropriate word(s).