Which of the following contracts requires some writing under Article 2 of the UCC for it to be enforceable?
a. Wiley purchase a telephone from a discount store for $100.
b. Leslie sold her couch to Paula for $300.
c. UpTown Department Store contracted to sell Jeremy a $400 bed.
d. Americo, a textile manufacturer, contracted to sleeping bags for $643 to UpTown Department Store.
d
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The house had almost been framed when an F-5 tornado ripped across the plains and turned the house back into a lumber pile, albeit not stacked as neatly as it was originally. The homeowner's fears of:
A) Technical risks had come true. B) Operating risks had come true. C) Acts of God had come true. D) Environmental risks had come true.
When you go on vacation you give your neighbor authority to pick up your mail and watch for burglars for you. You tell the neighbor not to go into the house or let anyone else in. A fire on the hills threatens your house. The neighbor goes in to carry out valuables before the house burns. This action is:
a. a trespass, which is illegal b. breaking and entering, which is a crime c. an agency by estoppel d. an agency by implied ratification e. none of the other choices
Cash that is legally or contractually required to be set aside for a specific purpose cannot be reported with Cash and Cash Equivalents on the balance sheet.
Answer the following statement true (T) or false (F)
When she uses her American Express card, Cathy obtains possession of goods or services when they are purchased. Payment is due when billed at a later date. American Express is a type of:
A. installment account B. open charge account C. revolving account D. selective account