A person who has made a financially unsound contract may be relieved from performance under the doctrine of commercial impracticability
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Which of the following are characteristics of a perpetual inventory system?
A) Management knows how much inventory is on hand at all times. B) Purchases of inventory are recorded to the inventory account. C) The computer tracks inventory upon a sale and the cost of goods and inventory are immediately updated. D) All of these answer choices are characteristics of a perpetual inventory system.
Burns outlined leadership in his seminal work in 1978 and described leadership as ______
A. quite different from power B. quite similar to power C. equivalent to power D. about use of power and authority
Use the following information to answer the question below. On January 1, 20x5, Falcon Corporation had 40,000 shares of $10 par value common stock issued and outstanding. All 40,000 shares had been issued in a prior period at $17 per share. On February 1, 20x5, Falcon purchased 1,000 shares of treasury stock for $19 per share and later sold the treasury shares for $26 per share on March 2, 20x5
The entry to record the sale of the treasury shares on March 2, 20x5 is A) Cash 26,000 Common Stock 19,000Retained Earnings 7,000 B) Cash 24,000 Retained Earnings 2,000Treasury Stock, Common 26,000 C) Cash 26,000 Treasury Stock, Common 19,000Gain on Treasury Stock, Common 7,000 D) Cash 26,000 Treasury Stock, Common 19,000Paid-in Capital, Treasury Stock 7,000
If electricians don't know what they're doing and how to do it, the consequences can be severe
a. correct sentence b. pronoun agreement error c. parallelism error