A sales contract requires the seller to send the goods to the buyer at a specifically named destination
Indicate whether the statement is true or false
FALSE
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Allowance for Doubtful Accounts is listed on the balance sheet under the caption
A) owner's equity B) investments C) fixed assets D) current assets
A firm offer is an offer ________
A. in which a fixed price is not mentioned for the goods or the services being sold B. in which the offeree is an individual and the offeror is an organization C. which is governed by the laws of the WTO D. that the offeror promises to keep open for a fixed period of time
Misrepresentation of a material fact can occur by words or action
Indicate whether the statement is true or false
Kraft Foods produces millions of packages of Chips Ahoy cookies each year, but consumers only want to purchase one package at a time. This difference between the amount Kraft produces and the amount a consumer wants to buy is refer to as a:
A. discrepancy of quantity B. discrepancy of assortment C. spatial discrepancy D. temporal discrepancy E. discrepancy of possession