Cellphones & Calltime, Inc, makes an offer to Delores to enter into a contract to work as a salesperson for a certain base salary plus commission for ninety days subject to a one-year renewal based on her performance. Delores accepts the offer. A valid contract requires
A) a price and a subject
B) a duration and termination provision.
C) an offer and an acceptance.
D) specific quality standards.
C
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What are the four factors that limit the effectiveness of frequent-shopping programs?
What will be an ideal response?
Which of the following procedures is incorrect for establishing and maintaining a petty cash fund?
A) A check is prepared for a small, fixed amount; when the check is cashed, the money is entrusted to a petty cash custodian. B) The company must obtain the cash needed for the fund and record an entry for the establishment of the fund. C) When appropriate documentation is presented, cash payments are made from the fund; the petty cash custodian retains the documentation. D) When the petty cash fund needs to be replenished, an entry is recorded to recognize an increase in the petty cash account.
Fact Pattern 50-1ANikita owns land in Ohio. Her ownership rights include the right to sell or give away the property without restriction, and the right to commit waste, if she chooses.Refer to Fact Pattern 50-1A. Nikita conveys some of her land to Reggie with the right to possess and use the property for a certain period of time. Nikita has given Reggie
A. a fee simple absolute. B. a leasehold estate. C. a life estate. D. an easement.
Workers' compensation is likely to cover all the following except:
A) 100 percent of lost wages during disability B) medical expenses C) rehabilitation expenses D) reasonable funeral expenses