Lorene, an artist, orally agrees to sell Sabrina a painting for $600 . While Lorene is busy talking on the phone, Sabrina writes her a note on the back of an envelope she finds in her purse. The signed note states that she will stop by the studio to pick up the painting within the week. Sabrina changes her mind about the painting, and when Lorene sues to enforce the contract, Sabrina defends on
the basis of the statute of frauds. Sabrina will succeed with this defense.
a. True
b. False
Indicate whether the statement is true or false
False
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For insurance companies, unrealized gains and losses, not recognized on the income statement, will be recorded in the account accumulated other comprehensive income
Indicate whether the statement is true or false
Which of the following is a shortcoming of advertising?
A) It does not allow dramatization of the brand or company. B) It only provides one-way communication with customers. C) It can be too customized and only attracts small, niche markets. D) It reaches targeted customers too slowly in most cases. E) It is the most costly promotion tool for companies.
______ can occur when a consultant and client agree to “exclude outside parties for personal gain or protection.”
a. Misrepresentation b. Collusion c. Role conflict d. Recontracting
In a(n) ________ game, players switch decisions in response to the decision of the other player and eventually return to the initial decisions, resulting in a closed loop
Fill in the blank with correct word.