Fresh Dairy, Inc, is the offeror and Gelato Ice Cream Company is the offeree under a unilateral sales contract in which Hector's Helado Corporation is also interested. Gelato is not notified of Fresh Dairy's performance within a rea-son-able time. Gelato
A) may treat the offer as having lapsed
B) must assume that Fresh Dairy has started to perform.
C) must contact Fresh Dairy.
D) must notify Hector's.
A
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Reba Company received $60,000 in cash and used equipment with a fair value of $160,000 from Fargo Corporation in exchange for Reba's existing equipment, which had a fair value of $210,000 and an undepreciated cost of $170,000 recorded on its books. The transaction was undertaken because Reba was revising its market strategy and planned to reduce the use of this type of equipment in its
production. How much gain should Reba recognize on this exchange and at what value should the acquired equipment be recorded, respectively? A) Gain - $10,000 and Equipment - $150,000 B) Gain - $10,000 and Equipment - $160,000 C) Gain - $40,000 and Equipment - $150,000 D) Gain - $40,000 and Equipment - $160,000
The business law topics of contracts, agency, property, and trusts are governed primarily by the common law
a. True b. False Indicate whether the statement is true or false
Sally prepared financial statements for MegaCorp knowing that the company would be using her statements when applying for a loan at Big Bank. It is discovered she was negligent in preparing the statements, and Big Bank sues her. Sally is liable under the
A. Ultramares doctrine. B. Foreseeable doctrine. C. Restatement doctrine. D. All of these are correct.
Which of the following is not a lot-sizing technique used in MRP systems?
A. Least unit cost (LUC) B. Economic order quantity (EOQ) C. Lot-for-lot (L4L) D. Warehouse loading factor (WLF) E. Least total cost (LTC)