Promises to make charitable subscriptions

a. are exempted from the necessity of consideration.
b. are not legally enforceable.
c. are based on promissory estoppel.
d. may not be valid unless large sums of money are involved.


A

Business

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Craig Company experienced an accounting event that is recorded in the T-accounts as follows:Cash19,000   Notes Payable 20,000  Discount on Notes Payable1,000   How does this event affect the elements of Craig's financial statements? Assets=Liab.+EquityRevenue?Expense=Net Inc.Cash FlowA.+=NA+++?NA=++ OAB.+=++?NA?+=?+ FAC.+=++NANA?NA=NA+ FAD.+=++NANA?NA=NA+ OA

A. Option A B. Option B C. Option C D. Option D

Business

To avoid being bound by the acts of the agent after the agency has ended, the principal:

A. should give verbal notice if the termination is due to loss of legal capacity by the principal. B. should get the agent to give notice. C. should give actual notice to those who have dealt with the former agent. D. need not give notice as he has no liability.

Business

To be successful, a public relations professional should be predisposed to ________

A) disclose rather than withhold information B) avoid responding to false accusations from an irate consumer C) avoid confronting situations before they escalate D) disclose how business works

Business

Specific features are created using Scrum methodology according to four distinct phases: analysis, design, monitor, and test.

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

Business