In January, Erwin told David, his nephew, that he would give him a car when he graduates from college. David graduated in May. If Erwin refuses to give David a car, David can sue him for breach of an inter vivos gift
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Ingrum Corporation produces and sells two products. In the most recent month, Product R38T had sales of $20,000 and variable expenses of $7,400. Product X08S had sales of $39,000 and variable expenses of $6,170. The fixed expenses of the entire company were $41,160.If the sales mix were to shift toward Product R38T with total sales remaining constant, the overall break-even point for the entire company:
A. would increase. B. could increase or decrease. C. would decrease. D. would not change.
A market segment is a subset of a larger market of people or organizations who will respond similarly to a marketing mix
Indicate whether the statement is true or false
Firms have several choices of diversification initiatives that can be used to create value. Which of the following is not one of them?
A. using related diversification to acquire parenting and restructuring synergies B. using unrelated diversification to acquire financial synergies C. using related diversification to acquire economies of scope D. using related diversification to acquire market power
All of the following statements regarding debt securities are true except:
A. Debt securities classified as available-for-sale record the interest revenue when earned. B. Debt securities are valued at fair value if classified as held-to-maturity. C. Debt securities should be recorded at cost when acquired. D. Debt securities are valued at fair value if classified as available-for-sale securities. E. Debt securities are valued at fair value if classified as trading securities.