Identify four factors courts consider in deciding the validity of commercial impracticability and frustration of purpose claims
In deciding whether a change in circumstances should permit one side to escape its duties under the doctrines of commercial impracticability or frustration of purpose, courts consider the following: (a) mere financial difficulties will never suffice to discharge a contract; (b) the event which led to the claim must have been truly unexpected; (c) if the promisor must use a different means to accomplish her task, at a greatly increased cost, she probably does have a valid claim of impracticability; and (d) a force majeure clause is significant but not necessarily dispositive.
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What is the best strategy for answering questions during a phone interview?
a. Make sure to fill in silence with additional answers. b. Do not fill the silence but wait for the interviewer to ask the next question. c. Take breaks when necessary by silently walking away from the phone to think. d. Never use landline phones for interviews since they limit movement.
A benefit of using a work sheet is that it aids in the preparation of the financial statements.
Answer the following statement true (T) or false (F)
Which of the following statements is false?
a. A weakness of the High-Low method is that it considers only two data points. b. An abnormal observation is called an outlier. c. Dividing the change in the total cost by the change in the activity will compute the fixed costs. d. The High-Low method is not as accurate as the least square regression analysis in separating fixed and variable costs.
Decentralized buying organizations are generally used by independent retailers
Indicate whether the statement is true or false