Range Free Farms enters into a contract to sell Sara's Market a truckload of eggs. Range Free fails to deliver. Sara's Market
A) ?must pay for the eggs to avoid a breach of contract
B) ?does not have to pay for the eggs because Range Free did not perform.
C) ?must pay for the eggs, but can sue Range Free for breach of contract.
D) does not have to pay for the eggs, but then cannot sue Range Free.
B
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Under the purchase-and-assumption method of handling a bank failure, the FDIC
A. takes over the bank and controls its operations. B. closes the bank, sells off the assets, pays off insured depositors, and then pays off creditors of the bank if funds remain. C. keeps the bank open and lends funds to it so that it is able to continue its operations. D. finds a buyer for the bank, giving the buyer the good assets of the bank, and assumes the bad loans of the bank.
Labadie Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable costs per unit: Direct materials$74?Fixed costs per year: Direct labor$1,029,600?Fixed manufacturing overhead$4,461,600?Fixed selling and administrative expenses$3,864,000?The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 57,200 units and sold 55,200 units. The company's only product is sold for $233 per unit.Assume that the company uses a variable costing system that assigns $18 of direct labor cost to each unit that is produced. The unit product cost under this costing system is:
A. $74 per unit B. $170 per unit C. $240 per unit D. $92 per unit
TerraPass is a company that offers consumers the opportunity to buy carbon offsets, which are contributions to projects that combat global warming by reducing carbon emissions
TerraPass offers contribution packages for driving, flying, and home energy use. Through TerraPass, consumers can pay some of the ________ costs of their private goods and services. A) promotional B) safety C) health D) distribution E) social
Offers for both bilateral and unilateral contracts involve a promise by the offeror
Indicate whether the statement is true or false