Under the UCC, an agreement modifying a contract needs new consideration to be binding.
Answer the following statement true (T) or false (F)
False
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Despite its advantages, the just-in-time operating environment produces increased carrying costs for inventory
Indicate whether the statement is true or false
Dramatic examples of tyrannical regimes in history demonstrate that:
A. obedience to the law almost always makes people apathetic towards their ethical duties. B. just societies can only be achieved through strict enforcement of ethical codes. C. societies valuing freedom welcome laws that require more than the ethical minimum. D. one's ethical responsibility may run counter to the law.
When Turbo Autos Inc. wanted to sell its cars in the country of Sylvanistan, it lacked access to distribution channels and marketing expertise in the country. Thus, Turbo Autos had to enter into a strategic alliance with a local automobile company to get access to the foreign partner's well-established distribution channels. Which of the following reasons for entering into a strategic alliance is best illustrated in this scenario?
A. increasing competitive intensity B. reducing differentiation of product and service offerings C. accessing critical complementary assets D. procuring additional capital investments
Tanya contracts with Suite Condos Corporation to buy a unit in Suite's Bayview Tower at a premium for its view of River Bay. Unforeseeably, the town of River Bay changes its zoning law. Resort Hotels, Inc., constructs River Bay Resort, blocking what would have been Tanya's view. Tanya's best argument for a change in the Suite contract or its price is
A. frustration of purpose. B. objective impossibility of performance. C. anticipatory repudiation. D. commercial impracticability.