The main difference between the UCC requirement for a writing for a contract for the sale of goods and the common law is that the:
What will be an ideal response?
UCC does not require all the terms of the agreement to be in writing.
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Thrifts can have a maximum of 20 percent of their assets in the form of _____ and must have _____ percent of their assets in the form of mortgage or consumer loans in order to qualify for special funding from a Federal Home Loan bank.?
A. ?bank holding companies; 60 B. ?commercial loans; 65 C. ?securities; 75 D. ?government bonds; 70
How are best practice frameworks and standards used to redesign processes?
A. Some companies are using the ITIL framework along with the ISO/IEC 20000 specifications to redesign their processes. B. Some companies are using the MOF framework along with the ITIL specifications to redesign their processes. C. Some companies are using the PMBOK framework along with the HDI specification to redesign their processes. D. Companies typically do not use frameworks and standards when redesigning processes; they perform this task as part of a project.
While reconciling the checking account, an accountant with Elliter, Inc noticed that an error had been made in recording a check received by the company. Elliter recorded the receipt as $729 and the correct amount of the check was $279. Which of the following reconciling adjustments is necessary?
A) Add $450 to the company's records. B) Deduct $450 from the company's records. C) Add $450 to the bank statement balance. D) Deduct $450 from the bank statement balance.
Plant assets are also called current assets
Indicate whether the statement is true or false