Along with a summons, the plaintiff serves the defendant with:
a. a copy of the complaint
b. a copy of the evidence against the defendant c. a copy of the plaintiff's citizenship
d. a copy of the plaintiff's lawyer's contract e. none of the other choices are correct
a
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Caler Corp reported the following information for 2016 and 2017. Accounts receivable, December 31, 2016 $ 67,000 Accounts receivable, December 31, 2017 63,000 Sales (all on credit)—2017 745,000 How much cash was collected from customers during 2017?
a. $741,000 b. $745,000 c. $749,000 d. $753,000
In which of the following is a person performing the role of an approver?
A) Dan decides on the product requirements and makes the final choice of suppliers. B) Luke has the authority to pick out the supplier and negotiate the terms of purchase. C) Liam heads the Tech team at LKG and provides information for evaluating the possible alternatives. D) LKG gets many calls from potential suppliers, and it is Leah's job to weed out the good prospects and refer them to others in LKG. E) Dana authorizes the actions of the deciders and buyers in LKG.
What is an exculpatory clause?
a. A requirement that the company pay the legal fees of directors who are sued for actions taken on behalf of the company b. A provision that if a party enters into a contract believing in good faith that the corporation exists, he cannot later take advantage of the fact that it does not c. A requirement that a corporation cannot undertake any transaction unless the charter permits it d. A provision that protects directors from personal liability to the corporation and its shareholders
Rejection is ineffective unless the buyer notifies the seller
Indicate whether the statement is true or false