Liquidation and dissolution have the same legal meaning.
Answer the following statement true (T) or false (F)
False
You might also like to view...
For proper control, the receiving department should receive a copy of the purchase order that has the quantities blanked out
a. True b. False Indicate whether the statement is true or false
In conjunction with a cost management system, gap analysis refers to comparing
a. the information being received by competitors' managers to the information being received by in-house managers. b. the information needed to what is available. c. current cost information to projected cost information. d. budget figures to actual spending.
Laws passed by Congress are the supreme law of the land in the United States and take precedence over other sources of law
a. True b. False Indicate whether the statement is true or false
Barbara, a wealthy widow, promises the pastor of her church that she will donate $20,000 to the church to help pay off its mortgage if the stewardship committee can obtain enough pledges for the balance of the $80,000 mortgage. Other pledges are obtained to pay off the mortgage, but now Barbara has changed her mind and plans to take an around-the-world cruise instead. In this case:
A) the doctrine of promissory estoppel can be applied. B) the promise to pay $20,000 is a promise to give a gift and is therefore not enforceable. C) under the Restatement, Barbara's promise is enforceable only if it is in writing. D) Barbara's promise is not enforceable because the church did not give consideration.