A right can be assigned even if the assignment will significantly alter the risks or duties of the obligor
Indicate whether the statement is true or false
F
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Refer to the Rock Aerospace Company example. Income from the contract for Year 5 under the completed contract method is:
a. $1,000,000 b. $1,400,000 c. $2,800,000 d. $3,360,000 e. None of the above
A typical company will lose approximately what percent of its customers every year?
A) 5 to 10 B) 15 to 20 C) 25 to 30 D) 35 to 40 E) 45 to 50
______ is an innovation hub for firms in the pharmaceutical industry.
a. Sweden b. United States c. Finland d. Australia
Mark, a college student, agreed to sell his horse to Henry for $1,000 . The contract required Mark to take the horse on that same day to Idlewild Stables where Henry was going to board the horse. Henry paid Mark the money, patted the horse and said, "I'm glad you're mine, you beauty," and drove off. Mark then led the horse into the trailer and set off for the two-hour drive to Idlewild. Has there
been a sale? a. No, not until delivery to Idlewild. b. No, not until Henry sees the horse again. c. Yes, since Henry already paid for it. d. Yes, since the contract was made earlier in the day.