Cheryl enters into a contract with Gabe. In this contract, Cheryl asks Gabe to pay the money he owes her from the contract to her friend Leah because Leah is having financial troubles. Leah is
a. a third party creditor beneficiary.
b. a third party donee beneficiary.
c. a third party incidental beneficiary.
d. the promisee in the contract.
b
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Companies with a well-integrated S&OP typically have ______ days of inventory.
A. 25–30 days B. 6 months C. 40–50 days D. 70–90 days
A person only slightly intoxicated is not considered to be an incompetent party
Indicate whether the statement is true or false
Jia Hua Enterprises wants to issue sixty 20-year, $1,000 par value, zero-coupon bonds. If each bond is priced to yield 7 percent, how much will Jia Hua receive (ignoring issuance costs) when the bonds are first sold?
A) $11,212 B) $12,393 C) $15,505 D) $18,880
In which of the following situations is a state most likely to enforce a usury law?
A) X purchases two crates of liquor from a minor. B) X sells a plot of land at a rate higher than the maximum contract rate. C) X sends two boxes of unapproved medicines to children in Africa. D)X charges a very high rate of interest on money borrowed by Y.