Guido and Hal want to rescind their contract under which Guido sold Hal a mountain bike for $100. To rescind the contract
A) Guido must return the $100 and Hal must return the bike
B) Guido must return the $100 only.
C) Hal must return the bike only.
D) the parties can keep the "benefits" of their bargain.
A
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A subscription for 4,000 shares of $10 par value common stock was accepted. Upon receipt of the balance owed on the stock subscription, a stock certificate was issued to the subscriber. The journal entry to issue the stock certificate would include a debit to
a. Common Stock, $40,000. b. Common Stock, $20,000. c. Common Stock Subscribed, $40,000. d. Common Stock Subscribed, $20,000.
A true consensus decision-making process must honor all dissenters by not agreeing to a decision until the dissenters have agreed to it
Indicate whether the statement is true or false.
A team member is being egotistical when he or she claims credit for the work of others or dominates discussions or meetings. _________________________
Answer the following statement true (T) or false (F)
According to the perspective of shareholder capitalism, shareholders in public stock companies
A. have the most legitimate claim on profits. B. have unlimited financial liability. C. are restricted from buying shares of two competing companies. D. have significant decision-making power.