Which of the following guidelines applies to writing the title of a contract?
a. It should be written in general terms, like "Memorandum of Agreement.".
b. It should be written like a sentence, with only the first letter capitalized.
c. It should be brief with no more than five words.
d. It should be descriptive of the agreement, and typed in all capital letters.
d
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A commercial bank profits from foreign-exchange trading when its bid rate exceeds its offer rate.
a. True b. False
The location of a website affects the cost and speed of accessing information
Indicate whether the statement is true or false
A misrepresentation or material omission that is likely to mislead a consumer to the consumer's detriment is grounds for a claim of deception under FTC rules
a. True b. False Indicate whether the statement is true or false
Haskins is an officer of a real estate development firm. Haskins purchased a piece of property in a rural area of Arizona with the idea of building resort homes there. The firm has always had board resolutions for purchases of property (as is common practice) but there was no resolution for this property purchase. The other officers in the firm have learned of the value of the property and are
concerned that the firm may not own the property. Which of the following statements is true? A) The firm can ratify Haskin's actions and take over the contract. B) The firm cannot ratify the contract unless Haskins had express authority to buy land. C) If the firm ratifies the contract, the effect is that Haskins is released from liability on it. D) None of the above