A cost that remains constant in total but varies on a per-unit basis with changes in activity is called a(n)
a. expired cost.
b. fixed cost.
c. variable cost.
d. mixed cost.
B
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A reasonable person test is a subjective test that applies to contracts involving personal taste and comfort
Indicate whether the statement is true or false
Principal's Duties to Agent. Douglas agreed to buy oil and gas leases for Aztec Petroleum Corp In return for his services, Douglas was to receive an initial $5,000 plus a royalty interest in the leases he obtained. Douglas obtained a number of leases
for Aztec but represented to Aztec that the prices paid for the leases were higher than they actually were. By sending Aztec photocopies of checks altered as to both payee and amount, along with forged receipts, Douglas was able to keep for himself a substantial amount of the money that Aztec had entrusted to him for payment of the leases. Douglas used his money for personal purchases, including two new cars, a boat, and other personal items. When Aztec refused to grant Douglas the promised royalty interest in the leases, Douglas brought suit to obtain it. The trial court held for Aztec, and Douglas appealed. In view of Douglas's deceptive activities, is Aztec required to grant the royalty interest? Discuss fully.
The main objective of the Employee Retirement Income Security Act of 1974 (ERISA) is to:
a. ensure that employees over the age of 65 will retire b. coordinate Social Security benefits so all recipients collect legal benefits c. promote the growth of private pension plans and guarantee the expectations of those plans d. to regulate state and federal employee retirement plans e. all of the other choices
Federal statutes take precedence over treaties.
Answer the following statement true (T) or false (F)