Timber Farms, Inc., and Wood Products Corporation enter into an oral contract for the sale of a lumber mill and the land on which it is situated from Timber to Wood. Under the Statute of Frauds, this contract is enforceable by
A. the seller.
B. the buyer.
C. any interested third party, such as the mortgagee or title company.
D. none of the choices.
Answer: D
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The main focus of SRM (supplier relationship management) is to ______.
A. determine whether suppliers are meeting their contractual obligations B. focus on enhancing the value of the relationship to both supplier and buyer through collaboration C. evaluate the supplier based on key performance measures D. eliminate suppliers who do not perform well
When the original intent of the person transmitting the message is different from the meaning that is received by the other person, it is called ______.
a. communication b. verbal theory *c. miscommunication d. cross-sectional communication
Wayne helped Hank study all night for an important exam. After Hank got an "A" on the exam, he told Wayne, "I will give you $10 for helping me get a good grade." Wayne said, "Thanks, I'll take it." There is:
a. no contract because there is no mutual assent. b. no contract because there is no valid consideration. c. no contract because $10 is reasonably inadequate consideration. d. a contract with sufficient consideration.
Briefly explain the different types of employment tests.
What will be an ideal response?