Mike and Ike agreed orally that Mike would tutor Ike in geology for $10 per hour for three
hours. After Mike has done the three hours of tutoring, but before Ike pays him next week, this
contract is:
A) Performed.
B) Quasi-executed.
C) Implied-in-fact.
D) Executed.
E) Executory.
E
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Which of the following statements is true of credit cards?
A. They can improve your credit score by allowing you to establish a history of prompt payments. B. They are solely issued to people who have a specific amount of savings in their retirement account. C. Warranty is not offered on products purchased using a credit card. D. Credit card companies do not charge an annual fee from cardholders if the card remains unused for at least 120 days.
The step of the personal selling process in which a salesperson contacts a potential customer is called
A. making the presentation. B. cold calling. C. the preapproach. D. the approach. E. prospecting.
Over the next two decades the middle class is expected to expand by ______________, increasing the potential market for products and services presently enjoyed by wealthier economies.
a. 3 billion people b. 5 billion people c. population matrix recalibration d. international migration
Commercial paper offers which of the following advantages to the issuer?
A) It may be issued below the prime rate. B) It requires no compensating balances. C) It is secured by corporate assets to protect the buyer. D) It may be issued below the prime rate and requires no compensating balances.