When a party to a contract governed by the UCC has reasonable grounds to doubt the performance of the other party, it may:
a. require assurance of performance.
b. consider the contract breached.
c. require a "cure."
d. repudiate the contract.
a
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Which of the following items should not appear in the long-term liability section of the balance sheet?
a. Accrued income taxes b. Deferred income taxes c. Bonds payable d. Pension obligations
Jerry is employed by U.S.-based Iconic Systems. His work hours per workweek for the month of January were 40 hours the first week, 30 hours the second week, 50 hours the third week, and 45 hours the fourth week
According to the Fair Labor Standards Act, how many hours of overtime pay is Jerry entitled to at the end of January? A) 5 B) 10 C) 15 D) 40
The Partnership Act provides that if the partners do not agree otherwise, certain terms of a partnership agreement will be implied. Which of the following is NOT such an implied term?
A) Each partner shall be responsible for the losses of the firm only to the limit of each partner's initial cash contribution. B) Every partner may take part in the management of the partnership business. C) No partner is entitled to a wage for acting in the partnership business D) No person may be introduced as a partner without the consent of all the existing partners. E) The partners will share the profits equally.
In Japan, what should be done is called ________, while what one really feels, which may be quite different, is called ________.
A. tatemae; honne B. ringisei; tatemae C. honne; ringisei D. honne; tatemae