Plain language laws regulate some types of contracts to require "legalese."

Answer the following statement true (T) or false (F)


False

Business

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Runyon was ready to sign a two-year agreement with Barnett Corp to become Barnett's sales representative for a three-state area. LaPrise, who wants to be the representative for that area, threatens Runyon with bodily harm if he takes the position. Runyon decides his physical well being is more important to him than the job, so he does not accept the position. LaPrise

a. committed tortious interference with a contract. b. committed tortious interference with a prospective advantage. c. committed a battery. d. caused a breach of contract and committed the tort of intrusion.

Business

Harry was told that he had to pay $50 for filing his claim in small claims court. He did. If the fee is really $40, he cannot recover the $10 because it is a unilateral mistake of fact

a. True b. False Indicate whether the statement is true or false

Business

Cost of Goods Sold appears on a multi-step income statement but not on a single-step income statement

Indicate whether the statement is true or false

Business

Spicy Salsa, Inc, complains to the Federal Trade Commission (FTC) about an ad broadcast by Tangy Taco Sauce Company, Spicy Salsa's competitor. The FTC investigates and concludes that the ad is deceptive. The FTC's next step is to

a. conduct negotiations between the competitors. b. draft a formal complaint. c. issue a cease-and-desist order. d. permit Spicy Salsa to broadcast similarly deceptive counteradvertising.

Business