App Developers, Inc (ADI), enters into a contract with Carmen, the chief executive officer of SalesCorp, to create an app for the firm. To fulfill the contract, ADI hires Max and ten other student interns. With respect to the contract, Max is
A) an intended beneficiary
B) an incidental beneficiary.
C) a delegatee.
D) an assignee.
B
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The most frequently cited shortcomings of current marketing plans, according to marketing executives, are lack of realism, insufficient competitive analysis, and a ________ focus
A) long-term B) profit C) short-run D) product E) price
Which of the following will an auditor not perform when looking for debt reductions?
a. Examine proceeds into the cash receipts records. b. Examine canceled checks. c. Examine payments through the cash disbursements records. d. Examine canceled notes.
In analyzing manufacturing overhead variances, the volume variance is the difference between the
a. amount shown in the flexible budget and the amount shown in the debit side of the overhead control account. b. predetermined overhead application rate and the flexible budget application rate times actual hours worked. c. budget allowance based on standard hours allowed for actual production for the period and the amount budgeted to be applied during the period. d. actual amount spent for overhead items during the period and the overhead amount applied to production during the period.
An exculpatory clause must be reciprocal to be considered enforceable
Indicate whether the statement is true or false