Non-equity alliances:
a. Involve contractual agreements
b. Refer to any form of cooperative relationship between two or more firms
c. a and b
d. Are not based on contractual agreements
c. a and b
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Under the UCC, the buyer is entitled to consequential damages if the seller could have reasonably foreseen them
a. True b. False Indicate whether the statement is true or false
Fact Pattern 14-1BGert contracts to sell two tracts of land to Hank. Both parties believe that the two tracts are adjacent, but in fact they are not. Gert is still willing to sell the land, but under these circumstances the deal would adversely affect Hank.Refer to Fact Pattern 14-1B. Because of the parties' belief about the adjacency of the property, their contract is
A. unavoidable. B. unconscionable. C. unenforceable. D. voidable.
Computation of gross sales in leases is often a subject of litigation
Indicate whether the statement is true or false