A court will review a contract for validity even if it contains an arbitration clause.
Answer the following statement true (T) or false (F)
False
Business
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Which of the following accounting conventions would an accountant most likely apply when facing major uncertainties?
A) Understandability B) Conservatism C) Materiality D) Verifiability
Business
What types of sources explain the law and aid in finding the law?
a. Primary sources b. Secondary sources c. Tertiary sources d. Cases
Business
Contract duties are not assigned-they are delegated
Indicate whether the statement is true or false
Business
The market price of Friden Company's common stock increased from $15 to $18. Earnings per share of common stock remained unchanged. The company's price-earnings ratio would:
A. impossible to determine. B. decrease. C. increase. D. remain unchanged.
Business