Richly Retail Outlets, Inc, contracts with Stand-Rite Contractors to build a store. Stand-Rite assigns the contract to Town Builders, which has a poor record of completing projects. Richly could most successfully argue that the contract cannot be assigned because
A) Richly did not consent to the assignment
B) Richly did not receive adequate consideration for the assignment.
C) the assignment will materially increase the risk of nonperformance.
D) Town Builders was not an original party to the deal.
C
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Which of the following is not true about the UCC?
A) The UCC is a federal statute passed by Congress in 1953 that covers most aspects of commercial transactions. B) The UCC is continually being revised to reflect changes in modern commercial practices and technology. C) The UCC is divided into articles, with each article establishing uniform rules for a particular facet of commerce in the United States. D) The UCC is a model act that contains uniform rules that govern commercial transactions.
In identifying a process against which to benchmark a particular process, a company should ______.
a. choose a process only from an ISO-certified firm b. choose a process in a firm in any industry c. choose a process in its own company d. choose a process in the same department
L & M loaned Joan $400 so that she could buy her textbooks for the current semester. L & M's terms for repayment of the loan (including interest) are $200 in two months, $200 in four months, and another $100 at the end of the fifth month. The legal maximum rate of interest on this type of loan is 6 percent per annum. L & M's loan is usurious.
Answer the following statement true (T) or false (F)
Consumer product classes are based on ________, while business product classes are based on ________.
A. how the product is to be used; the price for the product B. how the product is sold; how the product is produced C. how the product is produced; how the product is sold D. how consumers shop for the product; how the product is to be used E. the price of the product; the quality of the product