Under CISG, all of the following are requirements to excuse nonperformance of a contract except:
A) an impediment is beyond a party's control
B) an impediment was not reasonably foreseeable at the time contract was concluded.
C) notice of the impediment was given to the other party.
D) the impediment is of such a monetary value as to shock the conscience.
D
You might also like to view...
Retained earnings represent the source of net assets generated by the earnings process that exceed the firm's dividend declarations. Common practice refers to the process of curtailing dividends to accumulate assets, represented by retained earnings, as _____
a. operating activities b. investing activities c. external financing d. internal financing e. dividend seizure
If a customer owes interest on accounts receivable, Interest Receivable is debited and Accounts Receivable is credited.
Answer the following statement true (T) or false (F)
Korsak Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per MonthVariable Element per Customer ServedRevenue $5,500Employee salaries and wages$43,700 $1,100Travel expenses $500Other expenses$43,200 ?The planning budget for October was based on serving 23 customers, but a total of 19 customers were actually served during October.?The activity variance for net operating income for October would have been closest to:
A. $15,600 F B. $12,500 F C. $12,500 U D. $15,600 U
If 1 British pound can be exchanged for 180 cents of U.S. currency, what fraction should be used to compute the indirect quotation of the exchange rate expressed in British pounds?
A. 1/1.8 B. 1/.56 C. 1/180 D. 1.8/1