Contract law assures the parties to private agreements that the promises they make will be enforceable
Indicate whether the statement is true or false
True
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Under the UCC, if the time, place, and manner of delivery of goods are not mentioned in a contract, ________.
A. the place of delivery is the buyer's place of business B. the contract is void for lack of definiteness C. the place of delivery is the seller's place of business D. the seller is obligated to pay for shipping to the buyer's place of business
Which of the following does not represent a problem with financial analysis?
a. Financial statement analysis is an art; it requires judgment decisions on the part of the analyst. b. Financial analysis can be used to detect apparent liquidity problems. c. There are as many ratios for financial analysis as there are pairs of figures. d. Some industry ratio formulas vary from source to source. e. Adequate detailed disclosure of how the industry ratios are computed is often lacking.
Retail stores can be classified in terms of several characteristics. Name four of them
What will be an ideal response?
Which of the following statements is true regarding stock options?
a. When exercised, an incentive stock option has an option price exceeding the market price. b. When granted, a non-qualified stock option has an option price exceeding the market price. c. The fair value of an incentive stock option equals the current market price of the stock minus the present value of the exercise price discounted at the risk free interest rate over the number of years of life of the option. d. The value of an incentive stock option cannot be determined at the grant date,