A owes B $10,000 . A promises to pay the money back to C, to whom B owes $10,000 . C would be called:
a. an assignee b. a repudiator
c. a third party beneficiary d. a performer in place
e. a rescission
c
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When selling a piece of equipment for cash, a loss will result when the proceeds of the sale are less than the bookvalue of the asset
a. True b. False Indicate whether the statement is true or false
eBay's success demonstrates the strategic advantage of the _____, an organization that is the first to offer a new product or service.
Fill in the blank(s) with the appropriate word(s).
Manufacturing overhead include(s):
a. costs that the firm cannot associate with particular products. b. expenditures for factory utilities, property taxes, insurance, and depreciation on manufacturing plant and equipment. c. expenditures for supervisors' salaries. d. costs that jointly benefit all goods produced during the period, not any one particular item. e. all of the above.
Susan purchases goods by telephone from Parker. Susan has never met Parker. Brenton goes to Susan and pretends to be Parker. Susan draws a check payable to the order of Parker and gives the check to Brenton, believing him to be Parker
Brenton forges Parker's indorsement and indorses the check to his brother, William, with the term "without recourse." William then cashes the check at a liquor store. Under the imposter rule, who is liable on the check? A) Brenton B) the liquor store C) Susan D) William