Dotty tells a representative of Education Loan Company over the phone that she will pay Felipe's student loan if he does not. Dotty does not get any personal benefit for the promise. This promise is enforceable as a contract by
A. Dotty.
B. Education Loan Company.
C. any interested third party, such as Felipe or a member of his family.
D. none of the choices.
Answer: D
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Article 2 of the Uniform Commercial Code (UCC) applies to all contracts for the:
A. liquidation of assets. B. transfer of money between banks. C. sale of securities. D. sale of goods.
"The amounts obtained for cost of goods sold and ending merchandise inventory are always the same for FIFO perpetual and FIFO periodic." Is this statement TRUE? Why or why not?
What will be an ideal response?
The totals of the Adjusted Trial Balance columns on a work sheet will always be the sum of the Trial Balance column totals and the Adjustments column totals
Indicate whether the statement is true or false
Multiple Choice: Problems Sue now has $320. How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding?
A. $614.59 B. $731.37 C. $510.11 D. $590.01 E. $602.30