Most states continue to use the common law doctrine of advancements
Indicate whether the statement is true or false
False
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An illusory promise is a contract into which both parties enter but in which ________ parties can choose not to perform their contractual obligations.
A. just one of the B. neither of C. one or both of the D. third
The supplier is paid in full for all reasonable expenses up to a preset limit and also an additional sum as profit on the transaction in a ______ contract.
a. buyback b. quality-flexibility c. cost-plus d. fixed-price
Which of the following statements about the wholesale and agency models for selling books is not true?
A. In the wholesale model, the retailer decides at what price to sell a book to the consumer. B. Amazon surprised traditional publishers by selling e-books for below their wholesale cost. C. Amazon supports the agency model. D. A result of the agency model was that Amazon's prices on e-books rose.
In a socialist country, the legal system: A) reflects the private ownership of property
B) is similar to the English common law system. C) exhibits no need for commercial law because such disputes are settled politically. D) none of the above.