Which of the following would be unenforceable because the subject matter is illegal?
a. An employer promises not to press criminal charges for stealing money from the company safe, if the employee agrees to pay back the money
b. A fee paid to an attorney to defend a person in criminal court against an assault charge
c. A restrictive clause in an employment contract prohibiting a former employee from using the employer's trade secrets
d. An arbitration clause appearing in a warranty agreement given to the purchaser of an iPod in a large retail establishment
A
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Most foreign exchange trading occurs between banks and
a. national governments. b. other banks. c. corporations. d. household investors.
List and explain some of the reasons why new products fail
What will be an ideal response?
Notes, bonds, leases and derivatives are _____
a. present values of future cash flows b. financial instruments c. collateralized debt obligations d. unsecured debt obligations e. investment trusts
The cost of completed units is always debited to Work-in-Process and credited to Finished Goods
Indicate whether the statement is true or false