Applied Methods Corporation promises to give stock options to Belden, a production designer, for processes he has already designed. This promise is
A) enforceable because it is a new contract
B) enforceable because it is an illusory promise.
C) enforceable because it is supported by past consideration.
D) unenforceable.
D
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Which of the following statements are true?
a. The discount rate is another name for the rate of return. b. For an investment to be acceptable, the discount rate should equal or exceed the company's cost of capital. c. A return of capital and a return on capital are not the same thing. d. All of the above statements are true.
A camera retailer estimates that it can sell 1,000 rolls of film each year. Each roll costs the retailer $1.50; holding costs equal 25 percent of unit costs; and order costs are $15 per order. The economic order quantity is _____ rolls
a. 173 b. 283 c. 375 d. 500
Karen is a Certified Management Accountant and is bound by the IMA's Standards of Ethical Conduct. Her superior has asked her to try to influence the firm's outside auditors with expensive gifts and favors. If Karen complies, she will violate the competence standard.
Answer the following statement true (T) or false (F)
To formally cancel a contract is to _______ it
A) affirm B) rescind C) disaffirm D) ratify