A remedy is the relief provided to an innocent contracting party when the other party breaches the contract.?
Indicate whether the statement is true or false
True
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When people or firms that are worse than average risks are most likely to enter a contract that is offered to everyone, the problem is called
A. irrational expectations. B. adverse selection. C. opportunity cost. D. moral hazard.
When the market rate of interest is less than the face rate, then the bond issue will be sold at a discount
a. True b. False Indicate whether the statement is true or false
On January 1 . 2013 . Canal Locks Corporation purchased drilling equipment for $11,500 . The equipment has an estimated useful life of four years and a salvage value of $200 . Given this information, if Canal uses the sum-of-the-years'-digits method of depreciation and then trades the equipment for new equipment with a fair market value of $16,000 on December 31 . 2014, and pays $8,000 cash in
the exchange, assuming the exchange has commercial substance, the new equipment should be recorded at a. $16,000. b. $12,475. c. $11,590. d. $8,110.
In a deductive message, the most important information should be
a. placed at the very end of the message. b. placed at the beginning of the message. c. placed in the middle of the message. d. placed in all sections of the message.