Albert has a contract to buy 100 tables from Bartholomew at a price of $50 a table. Five days before Bartholomew is to deliver the tables, he calls Albert to say that he is sorry but $50 won't cover his costs, and he will now need at least $75 a table. Albert agrees, because he needs the tables for his special sale. The modified contract is enforceable even though Albert isn't getting any new
consideration, so long as Bartholomew is acting in good faith and the agreement to the new price is put in writing.
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
What are the four objectives a message should ideally accomplish each time a promotion mix is designed?
What will be an ideal response?
A security and network ____ is a document, agreement, or contract that defines acceptable and unacceptable uses of computer and network resources.
A. usage license B. usage policy C. access license D. access policy
The balance in the Prepaid Rent account before adjustment at the end of the year is $12,000, which represents 12 months rent paid on November 1. The adjusting entry required on December 31 to show the amount of rent that had expired is:
A.
| Rent Expense | $ | 12,000 | ||
| Cash | $ | 12,000 | ||
B.
| Rent Expense | $ | 2,000 | ||
| Prepaid Rent | $ | 2,000 | ||
C.
| Prepaid Rent | $ | 12,000 | ||
| Rent Expense | $ | 12,000 | ||
D.
| Rent Expense | $ | 1,000 | ||
| Prepaid Rent | $ | 1,000 | ||
The management of Jadex, a cell phone manufacturer, decides to manufacture tablet computers. However, before beginning the production, the management wants to analyze the jobs that will have to be performed and the tasks involved in each of these jobs. It wants to use a simple and relatively inexpensive technique for this. Furthermore, it does not want to spend too much on training an analyst to analyze the jobs. Which of the following job-analysis techniques will best suit Jadex's requirements?
A. The Fleishman job-analysis system B. The narrative job-analysis technique C. The task-analysis inventory D. The Position Analysis Questionnaire