Which of the following best describes the Restatement of the Law of Contracts?
A) A summary of the constitutional provisions affecting contract law
B) The supreme legal authority for contract law
C) A compilation of contract law that is not itself contract law, but is often referred to by
judges
D) A law that has been adopted, at least in part, by every state
C
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Utilization is the number of units a facility can hold, receive, store, or produce in a period of time
Indicate whether the statement is true or false
Why does the insured get the benefit of the doubt if an insurance policy contains any ambiguities or uncertainties?
A) because insurance contracts are aleatory B) because insurance contracts are unilateral C) because insurance contracts are conditional D) because insurance contracts are contracts of adhesion
The ________ starts at the time production begins and ends with the collection of cash from the sale of the product
A) accounts receivable cycle B) business operating cycle C) cash conversion cycle D) production cycle
Most of the goods contained in a freight train (a common carrier) were destroyed when a tornado wrecked the train. The carrier was sued for damages by all the shippers that had merchandise on the train. Is the carrier strictly liable for the damage done to the goods by the tornado?
What will be an ideal response?