Nelson, a minor, misrepresents his age when agreeing to a contract to buy a restored, antique soda vending machine from Old Is New Again, Inc Ordinarily, Nelson can disaffirm the contract
A) only if he can prove that the seller did not know his true age
B) only if he can prove that the seller knew his true age.
C) under any circumstances.
D) under no circumstances.
C
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Howard Genks works as a sales representative for Med-Tex, a firm that manufactures hospital supplies. Recently, a prospective buyer walked into the Med-Tex store seeking beds for the children's ward in his private clinic
Howard quickly showed the client the range of beds available that were designed specifically for children. In which of the following steps of the selling process was Howard? A) prospecting B) qualifying C) follow-up D) handling objections E) presentation and demonstration
If an asset is sold above its book value, the selling company records a loss.
Answer the following statement true (T) or false (F)
SFAS No. 130 allows all but which of the following regarding comprehensive income?
a. Reporting comprehensive income in a combined statement of financial performance b. Reporting comprehensive income in a separate statement of comprehensive income which would begin with net income c. Reporting comprehensive income within a statement of changes in equity d. Not reporting comprehensive income
In selecting a process, we can plot the costs for each process in a breakeven analysis graph. When the costs of different processes are identical at different points, the lines representing these costs intersect each other. These points of intersection are known as ______.
a. points of indifference b. relationship rating points c. identical points d. breakeven points