Steven intentionally makes a material misrepresentation of fact regarding his motorcycle to Thelma who agrees to buy the motorcycle based upon the misrepresentation. This contract is:
A) void.
B) voidable.
C) executed.
D) unenforceable.
B
You might also like to view...
In the stepping stone method, when the value is obtained by summing up the unit costs in the cells with a plus sign, and then from the resulting total, subtracting the sum obtained by adding the unit costs in cells containing a minus sign, it is called ______ index.
A. improvement B. performance C. evaluation D. selection
When a business was declared bankrupt, it had creditors' claims totaling $410,640. After all assets were sold and bankruptcy costs paid, $145,650 was left to pay creditors' claims. How much would a creditor receive if the creditor's claim was for $65,000?
Which of the following statements is true in the context of unethical behavior?
A. Business ethics significantly differ from personal ethics. B. An individual with a strong sense of personal ethics is more likely to engage in self-dealing. C. A personal ethical code will exert a profound influence on the way individuals behave as businesspeople. D. Focusing only on applying straightforward business calculus can eliminate ethical concerns. E. An organizational culture that fosters decision making on purely economic terms eliminates unethical practices.
A company had total sales of $840,000, net sales of $821,400, and an average accounts receivable of $111,000. Its accounts receivable turnover equals:
A. 69.4 B. 1.0 C. 7.4 D. 7.6 E. 61.2