Contracts obstructing the administration of justice are unenforceable
Indicate whether the statement is true or false
True
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Incidental costs for acquiring merchandise inventory, such as import duties, freight, storage, and insurance, should not be added to the cost of inventory.
Answer the following statement true (T) or false (F)
When one party substantially, but not completely, performs a contract, creating a minor breach,
which of the following remedies may the aggrieved party choose? A) Deduct the cost necessary to complete performance from the payment due to the breaching party B) Sue the breaching party for the cost to complete performance C) Rescind the contract D) A, B, and C E) A and B only
Scenario 12.2 Use the following to answer the questions. Suppose that Ray-Ban is considering a new line of sunglasses that would be sold in major department stores. The new line would be positioned as a more distinctive brand than the typical glasses sold through department stores, and would be priced higher than other brands in the store, but a lower price line than the current Ray-Ban lines that are sold through more selective stores. In determining the price for this sunglass line, Ray-Ban wants to gather information about all brands sold in department stores and about customers' perceptions of those brands. Refer to Scenario 12.2. Ray-Ban has decided to promote the new sunglass line as an "affordable luxury" and plans significant promotional expenditures. With these objectives, which
of the following should Ray-Ban use to price its product line? A. Competition-based pricing B. Cost-plus pricing C. Markup pricing D. Demand-based pricing E. Differential pricing
A wrongful mental state is typically required for criminal liability.
Answer the following statement true (T) or false (F)