Give an example of each of the following: a. Unilateral mistake b. Mistake in the meaning of a contract term
a. Nancy offers to sell Sidney a certain boat. Sidney believes the boat is a valuable antique with significant collector's value. Nancy makes no misrepresentations with regard to its value, but asks for $5,000 more than the appraised value. Sidney pays the asking price, because he thinks it is worth more. If the boat is not an antique collectible, and Sidney has paid more than the boat is worth, he has no recourse.
b. Florence agrees to buy Henry's "automobile" for $3,000, believing it is Henry's 2005 car. In reality, Henry wants to sell his 1998 automobile. There is no contract if both held their belief in good faith without knowledge of the other party's belief.
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The Nike Swoosh is an example of a:
A) brand B) package C) label D) logo
A number of factors have complicated online media relations between public relations practitioners and journalists. Which of the following is NOT one of them?
A) new-age news sources B) expansion of the online edition of many newspapers C) the collapse of longstanding journalistic news standards D) improvement in longstanding standards of objectivity
Caryn deposits a check in her bank at 2:30 on Monday. The bank may, under the Code, treat the check as having been deposited on Tuesday for purposes of meeting the midnight deadline rule
a. True b. False Indicate whether the statement is true or false
The management of Zeta Fire Alarms has calculated the following variances
Direct materials cost variance $9,000 U Direct materials efficiency variance 36,000 F Direct labor cost variance 15,000 F Direct labor efficiency variance 13,500 U Total variable overhead variance 8,500 F Total fixed overhead variance 3,000 F What is the total direct materials variance of the company? A) $1,500 F B) $27,000 F C) $11,500 F D) $6,000 F