Historical credit problems normally remain on a credit bureau's report for seven years and ten years for bankruptcy

Indicate whether the statement is true or false.


Answer: TRUE

Business

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Cellphones & Calltime, Inc, makes an offer to Delores to enter into a contract to work as asalesperson for a certain base salary plus commission for ninety days subject to a one-year renewal based on her performance. Delores accepts the offer. A valid contract requires

a. a price and a subject. b. a duration and termination provision. c. an offer and an acceptance. d. specific quality standards.

Business

Land, since it is immovable, is an example of:

a. fake property b. intangible property c. taxless property d. personal property e. none of the other choices are correct

Business

Under the common law, contract modifications must be supported by new consideration to be binding on the parties. Under UCC Article 2:

a. parties can only modify an existing sales contract in court b. parties may not add new consideration to an existing sales contract c. parties cannot modify an existing sales contract d. parties need to provide new consideration to modify an existing sales contract e. none of the other choices are correct

Business

Virtual worlds and social networking are drivers of e-learning

Indicate whether the statement is true or false

Business