A contractual obligation may not be discharged through novation
Indicate whether the statement is true or false
F
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Piper, a new employee, has just been introduced to Lorna. Piper was brought up to value being organized and clean. Piper notices that Lorna has a very messy desk. Piper’s immediate thought is that Lorna must not get much done and is lazy. “How can Lorna find anything or focus on the task at hand with such a messy work environment?” This is an example of what factor that influences and distorts perception?
A. the comprehender B. the perceiver C. the environment D. focal object
Island Promotional Services uses a job order system for costing and billing promotional services for dance and ballet performances. Island has four public relations specialists and office staff. At the beginning of the year, Island estimated the total cost of salaries and benefits for the public relations specialists at $684,000 and a total of 7600 billable hours for the year. The office and administrative costs were estimated at $418,000. The allocation base for office and administrative costs is billable hours. In June, Island signed a contract for a Russian ballet performance. It negotiated a price of $6800 for its services. When the job was complete, Island's records showed that it had logged 37.0 billable hours. What was the actual total cost of the job for Island?
A) $5365 B) $2035 C) $3330 D) $1295
Which of the following statements is true about the sovereign acts doctrine?
A) It allows one Congress to bind a later Congress. B) It does not allow the government to pass laws that discharge its preexisting contractual obligations. C) It allows Congress to pass legislation deliberately targeting its existing contractual obligations. D) It protects the government in a subsequent suit for breach of contract if a new law of general application indirectly affects a government contract.
The Howey test for defining a security is based on three elements or characteristics: a) a common enterprise; b) a reasonable expectation of profit; and c) profits derived exclusively from one's own efforts
Indicate whether the statement is true or false