The legal doctrine that allows the court to treat a certain situation as if a contract exists, even where one of the elements is missing, is known as:
a. quasi contract.
b. promissory estoppel.
c. parol evidence rule.
d. statute of frauds.
e. assignment.
a
You might also like to view...
A ________ groups cost by behavior; costs are classified as either variable costs or fixed costs.
A) balance sheet B) contribution margin income statement C) traditional income statement D) absorption costing income statement
Which of the following is most likely a reason why many companies use computer-assisted interviews??
A) ?To evaluate the performance of an interviewee under stress B) ?To improve the overall quality of the interview by obtaining honest responses from interviewees C) ?To emphasize to applicants the team approach to management and problem solving D) ?To allow job applicants to meet individually with a number of different interviewers
The market for stocks progresses through a series of steps. Which step comes last in the process?
A) Investment banks buy stocks. B) Corporations issue stocks. C) Investment banks form a syndicate. D) Investors sell stocks on an exchange. E) Investment banks sell stocks.
Beckman Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $100,000. The asset is expected to have a salvage value of $20,000 at the end of its five-year useful life. If the asset is depreciated on the double-declining-balance method, the asset's book value on December 31, Year 2 will be:
A. $90,000 B. $36,000 C. $42,000 D. $54,000 E. $16,000