If a contract is not clearly unilateral or bilateral, the courts presume that the parties intended a unilateral contract
Indicate whether the statement is true or false
False
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Three types of structural arrangements involving retail franchises exist: manufacturer-retailer, wholesaler-retailer, and service sponsor-retailer
Indicate whether the statement is true or false
Circuit City Stores, Inc v. Commissioner of Revenue
a. the issue was where were the goods identified. b. the Court determined that the goods were not subject to Massachusetts sales tax because title did not pass until they were picked up in new Hampshire. c. The case involved insurable interest in good sold in one state but picked up in another. d. the court determined that until a specific serial number was recorded and the goods were identified title could not pass.
For the month of September, Countrywide Sales, Inc. recorded gross pay of $74,500. The net pay for the month amounted to $59,500. The salaries are paid on October 5. Which of the following is the journal entry for the payment of salaries?
A) Salaries and Wages Payable 59,500 Cash 59,500 B) Salaries and Wages Payable 74,500 Cash 74,500 C) Salaries and Wages Expense 59,500 Cash 59,500 D) Cash 74,500 Salaries and Wages Expense 74,500
Discuss the general rule regarding when a court will entertain an appeal to an administrative process and the reason for the rule