The economic integration of the EU is based on
A. a delicate balance of political will and authoritarianism.
B. national willingness to forego sovereignty in some areas.
C. self-interest and market common sense.
D. a commitment to build a trading bloc larger than the U.S.
Answer: B
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Understanding and dealing with emotions (yours and others) depends on one’s level of ______.
a. emotional stability b. emotional intelligence c. emotional quotient d. emotional awareness
Atlas Shipping Inc is a shipping company that agreed to transport goods by ship for Everest Industries Inc from Florida to Peru
Atlas had planned to take its ship through the Panama Canal and the journey would take 7 days and the charge to Everest was $10,000. Everest paid $10,000 in advance. The Panama Canal however was closed due to an earthquake. It was still possible to get from Florida to Peru by ship but it would mean having to travel down the east coast of South America and then up the west coast to Peru. It would take over 3 weeks and the cost of this would be $40,000. As a result A) Atlas can claim the contract was frustrated and must return the $10,000 B) Atlas can claim the contract was frustrated but keep $1,000 C) Everest can insist Atlas still ship the goods via the longer route, but would have to pay $40,000 D) Everest can insist Atlas still ship the goods via the longer route and would not have to pay any more than the $10,000 it had already paid E) Everest can insist that Atlas get the goods to Peru using truck or rail transportation
Millie ordered clothes from a mail order catalog. No time was specified as to when the goods would be shipped. In such a case the FTC requires that the company must ship the goods to Millie:
a. within 3 business days after receiving the order. b. within 10 business days after receiving the order. c. within 30 days after receipt of the order. d. within a reasonable time and within time lines consistent with industry standards.
When one party uses fraud to induce another party to enter into an illegal bargain, the second party will be allowed to recover for the performance or its value
Indicate whether the statement is true or false