An accord and satisfaction is used to discharge an unliquidated debt.
Answer the following statement true (T) or false (F)
True
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Define four of the nine perceptual distortions listed in the textbook and explain why it is important to have an understanding of perceptual distortions in general.
What will be an ideal response?
Suppose the landlord really wants the back door to be installed. For too long he has had to cut through the garage and he figures when he retires, this house will be a perfect downsize home for him to move into
How should the constraint for the back door be written if he uses the following scheme for decision variables? x1 = contractor works on wood floors x2 = landlord works on wood floors x3 = contractor works on kitchen tile x4 = contractor works on kitchen tile x5 = contractor works on back door x6 = contractor works on back door x7 = contractor works on garage door x8 = contractor works on garage door A) x5 + x6 ? 1 B) x5 + x6 = 1 C) x5 - x6 ? 1 D) x5 - x6 = 1
In determining the meaning of a contract, which of the following will have first priority?
a. Course of performance. b. Course of dealing. c. Usage of trade. d. Express terms.
Martinson entered into a contract to purchase a used fax machine from Gruber for $550 . Martinson, who did not sign the agreement, changed his mind and refused to buy the fax machine from Gruber. Can Gruber legally enforce the contract?
a. No; the sale was for less than $600. b. No; Martinson did not sign the contract. c. Yes; Gruber signed the contract. d. Yes; the sale contained all the elements of a contract.