Which of the following is true of the United Nations Convention on Contracts for the International Sale of Goods (CISG)?
A. It focuses on which terms of the offer and acceptance are the same.
B. It applies to commercial and consumer transactions.
C. It mainly aims to unify and codify an international law of sales.
D. It requires contracts for the sale of goods in excess of $300 to be in writing.
Answer: C
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Assume that on December 1, a note which has a face value of $1,000, bears interest at 6 percent for 90 days, received from a customer as an extension of his of past – due account is honored on due date. The entry that would be made to record the receipt on due date (ignoring interest) is:
a. Notes receivable 1,000 Cash 1,000 b. Accounts receivable 1,000 Cash 1,000 c. Accounts receivable 1,000 Notes receivable 1,000 d. Cash 1,000 Notes receivable 1,000
Which of the following statements about workplace diversity is the most accurate?
A) Teams with diverse membership are more likely to create the products that consumers demand. B) The number of older workers is decreasing. C) More men pursue higher education than women. D) A diverse staff is less able to respond to changes in the customer base in local and world markets.
In CASE 22.2 Halliburton Co v. Erica P. John Fund, Inc (2014), the U.S. Supreme Court considered the __________ theory, as well as the question a defendant in a securities fraud trial should be allowed to present evidence to challenge the __________ presumption of __________
a. Truth-on-the-Market, Levinson, reliance. b. Efficient Capital Market, Basic, reliance. c. Fraud-on-the-Market, Basic, reliance. d. Bespeaks Docrine, Basic, scienter.