A contract in which an agreement between the parties is inferred from their conduct is known as a(n) ________ contract.
A. bilateral
B. unilateral
C. express
D. implied-in-fact
Answer: D
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Indicate whether the statement is true or false
Jasper, Inc reports the following cost information for March
Cost of Goods Manufactured $74,100 Manufacturing Overhead 18,500 Finished Goods Inventory, March 1 4,000 Finished Goods Inventory, March 31 2,700 Work-in-Process Inventory, March 1 9,800 Work-in-Process Inventory, March 31 1,400 Direct Materials Used 25,200 What is the cost of goods sold for March? A) $3,100 B) $72,800 C) $75,400 D) $78,100
The Internet is an excellent source for primary data but not secondary data.
Answer the following statement true (T) or false (F)
In Zambelli Fireworks Manufacturing Co v. Wood, where Zambelli sued Wood for violating the noncompete agreement in his contract, the appeals court held that:
a. the noncompete agreement was void because it violated common law policies b. the noncompete agreement was void because it violated public policy c. Wood's specialized knowledge from working at Zambelli, but not customer goodwill, constituted a legitimate business interest that Zambelli had a right to protect through a reasonable restrictive covenant d. Wood's specialized knowledge from working at Zambelli and established customer goodwill did not constitute legitimate business interests that Zambelli had a right to protect through a reasonable restrictive covenant e. none of the other choices are correct